LG recently participated in the Series A investment of the U.S. AI robotics startup 'Dyna Robotics.' This marks LG Group's third investment this year in the physical AI, or AI robotics sector, which it has identified as a future growth area.

According to LG Group on the 17th, its venture capital (VC) arm, LG Technology Ventures in the U.S., recently participated in Dyna Robotics' Series A investment. Dyna Robotics raised a total of USD 120 million (approximately KRW 170 billion) in this round, with participation from LG Technology Ventures, Samsung's investment arm Samsung Next, NVIDIA, Amazon, and Salesforce. The specific investment amounts by each company were not disclosed.

Dyna Robotics is gaining attention in the robotics industry with its AI robot foundation model (RFM) 'DYNA-1,' introduced in April. DYNA-1 is specialized in automating repetitive and simple manual tasks such as folding napkins, sorting laundry, and packaging food using a robotic arm equipped with a gripper.

In June, LG Technology Ventures invested in the Series B round of Skilled AI, a company developing the brains of AI robots, and in May, it participated in the Series C round of Figure AI, an AI humanoid robot startup. Figure AI is an AI robotics startup attracting attention from global big tech companies like Microsoft (MS), OpenAI, and NVIDIA.

LG Group's continuous investment in physical AI companies aligns with its group-wide strategy to focus on nurturing 'ABC' (AI, Bio, Cleantech) as future growth engines. LG Technology Ventures' investment in the first half of this year (January to June) exceeded USD 40 million (approximately KRW 55.8 billion), marking the largest half-year investment since Chairman Koo Kwang-mo's inauguration in 2018.

Established in 2018, LG Technology Ventures' cumulative investment in the ABC sectors has reached USD 400 million (approximately KRW 5.576 trillion). The cumulative investment in the AI sector exceeded USD 100 million (approximately KRW 1.381 trillion) this year, with a focus on acquiring stakes in physical AI companies. Chairman Koo has emphasized the need to identify promising global startups, stating, "New businesses must be recognized as competitive solutions in the market."

Popular News