{"id":4548,"date":"2018-07-11T16:40:55","date_gmt":"2018-07-11T08:40:55","guid":{"rendered":"http:\/\/nxtmag.tech\/?p=4548"},"modified":"2018-07-11T16:40:55","modified_gmt":"2018-07-11T08:40:55","slug":"lg-expands-investments-robotics","status":"publish","type":"post","link":"https:\/\/nxtmag.tech\/my\/2018\/07\/11\/lg-expands-investments-robotics\/","title":{"rendered":"LG Expands Their Investments… In Robotics!"},"content":{"rendered":"

LG\u2019s recent investment in US-based Bossa Nova Robotics marks the first overseas investment in a robotics partner by LG following a number of deals with Korean startups over the past year. In total, LG has committed over USD 90 million to robotics startups in the first 12 months of its investment initiative.<\/span><\/p>\n

\"LG<\/p>\n

Robotics for Retail<\/b><\/h3>\n

\"LG<\/p>\n

Bossa Nova Robotics is the leading provider of real-time, on-shelf product data for the global retail industry which helps run large-scale retail stores efficiently by automating collection and analysis of on-shelf inventory data. Walmart, the world\u2019s largest retailer, has been testing Bossa Nova\u2019s shelf-scanning robots in a number of stores since last year. The funding of Bossa Nova follows LG\u2019s investments in four other Korea-based robotics companies: Acryl, SG ROBOTICS, Robotis and Robostar.<\/span><\/p>\n

\"LG<\/p>\n

These investments complement LG\u2019s own efforts to bring service robots to market in the very near future to become a core growth engine for the company. LG has already deployed a number of robots in Korea for trial service, with its Guide Robot and Cleaning Robot dispatched to assist travelers at South Korea\u2019s largest airport during the winter games in PyeongChang. Earlier this year at CES, LG introduced three new CLOi concept robots specifically developed for commercial use in high-traffic locations such as hotels and supermarkets. LG\u2019s CLOi robots are being developed in parallel to ThinQ products, LG\u2019s AI brand for consumer electronics and home appliances.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

LG\u2019s recent investment in US-based Bossa Nova Robotics marks the first overseas investment in a robotics partner by LG following a number of deals with Korean startups over the past year. In total, LG has committed over USD 90 million to robotics startups in the first 12 months of its investment initiative. Robotics for Retail […]<\/p>\n","protected":false},"author":2,"featured_media":4547,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[19],"tags":[55,376],"class_list":{"0":"post-4548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-lg","9":"tag-robotics"},"yoast_head":"\nLG Expands Their Investments... In Robotics! - NXT Malaysia<\/title>\n<meta name=\"description\" content=\"LG\u2019s investment in Bossa Nova Robotics marks the first overseas investment in a robotics partner following a number of deals with Korean startups.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nxtmag.tech\/my\/2018\/07\/11\/lg-expands-investments-robotics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:locale:alternate\" content=\"en_SG\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Expands Their Investments... 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