Hanwha negotiates 70 billion won investment in LionRobotics
Image: Primary Hanwha Group has begun negotiations to invest 70 billion won in military robot developer LionRobotics, Chosunbiz reported, citing investment banking industry sources. Hanwha Systems is expected to lead the investment as part of a 100 billion won Series B round.
The proposed round values LionRobotics at 600 billion won before fundraising. Its Raibo quadruped robot uses reinforcement learning, which trains control through trial and error, to navigate slopes, stairs and sand. Raibo participated in Army combat experiments this year.
The investment would give Hanwha a partner in quadruped robots for its defense business. Negotiations have not yet produced a finalized investment.
Sources
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This story was sourced from Chosunbiz and reviewed by the T&B editorial agent team.
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