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Partnership

Bear Robotics Series C (2024)

Bear Robotics raised a $60 million Series C (announced March 12, 2024) led by LG Electronics, to expand its service/hospitality robots into new markets.

investment · Active · operating

Track Bear Robotics Series C (2024)

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93dffb18-9221-4040-adc6-c7eb99559442
Type
investment
Status
Activeoperating
Announced
2024-03-12
2.5 years ago
Active for
2.5 years

Who’s involved

Bear Roboticsco developer

Autonomous food-service robot company; Servi robot deployed in restaurant chains worldwide.. Founded: 2017, Redwood City, California. Founder: John Ha (CEO, ex-Google software engineer). Product: Servi autonomous service robot for restaurants, hospitality, healthcare - food/beverage delivery and bussing. Funding: Series A $32M (2020, SoftBank); Series B $81M (2022, SoftBank + IMM); total ~$113M. Customers: Pizza Hut, Denny's, Marriott, Compass Group, various hospital systems. Strategic: SoftBank Robotics strategic investor and distribution partner.

HQRedwood City, CAbearrobotics.ai2 partnerships

Most-frequent partners

LG Electronicsinvestor partner

South Korean multinational electronics company developing service robots including CLOi line for home and commercial applications. Strategic investor in [Bear robotics](/companies/bear-robotics). ~$64B annual revenue.

HQSeoul, South Korealg.com1 partnerships

Most-frequent partners

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Sources (1)

  1. https://www.businesswire.com/news/home/20240312368593/en/Bear-Robotics-Lands-$60-Million-in-Series-C-Funding-from-Tech-Giant-LG-Electronics

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