December 31, 2024 – In a regulatory filing on Tuesday, Rainbow Robotics, a Korean robotics company, revealed that Samsung Electronics has emerged as its largest shareholder.
According to the document, Samsung acquired a significant stake in Rainbow Robotics, investing 267 billion Korean won. Prior to this transaction, Samsung Electronics held a 14.71% share, equivalent to approximately 2.85 million shares, making it the second-largest shareholder of Rainbow Robotics. The company’s founder, Oh Jun-ho, and his associated entities were the previous top shareholders.
Interestingly, Samsung Electronics also announced in a separate statement the establishment of a “Future Robotics Office” that will report directly to the CEO, following this acquisition.
Rainbow Robotics specializes in the research, development, and sale of collaborative robots, designed to assist or replace human labor in performing simple and repetitive tasks.
The flagship product of Rainbow Robotics is the RB-Y1, a mobile dual-arm robot that serves as the world’s first research platform for AI experts. Featuring a wheeled robot base and a humanoid dual-arm manipulator, the RB-Y1 can navigate various environments and perform a wide range of operations. Its arms have seven degrees of freedom, allowing them to carry up to 3 kilograms of weight easily, and it can reach a top speed of 2.5 meters per second. This robot not only finds applications in industrial manufacturing and logistics but also holds promise for household use, including heavy lifting, production line tasks, and household chores. The RB-Y1 research robot from Rainbow Robotics is priced at 80,000forpre−order,whilethecommercialversioncosts120,000 (excluding VAT).
