Samsung Electronics will make South Korea’s Rainbow Robotics as its subsidiary, as the deal is expected to finalize by February 2025.
The tech giant said Tuesday it has become the largest shareholder of the robotics startup from 14.7% to 35%.
Founded in 2011 by researchers at the Korea Advanced Institute of Science & Technology, Rainbow Robotics specializes in advanced robotics technologies like dual-arm manipulators and autonomous robots.
Dr. Jun-ho Oh, the company’s founder, will lead Samsung’s new Future Robotics Office.
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