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Bear Robotics

Acquired by LG Electronics · 2025
Bear Robotics builds autonomous mobile service robots for restaurants, hotels, and other hospitality venues. Its flagship product, Servi, runs food from kitchen to table, busses used dishes, and handles routine delivery tasks in dining-room environments. Subsequent variants (Servi Plus, Servi Lift, Servi Air) extend the platform to larger trays, multi-shelf delivery, and elevator-integrated hotel room service. Bear's thesis is that service labor in dining is both expensive and structurally hard to staff, and that a simple, fleet-managed, subscription-priced mobile robot can meaningfully shift unit economics. Bear was founded in 2017 in Redwood City, California by CEO John Ha, a former Google software engineer who previously owned a restaurant in Silicon Valley. The company has raised approximately USD 175M across five disclosed rounds: a USD 32M Series A in January 2020 led by SoftBank; a USD 81M Series B in March 2022 led by IMM with participation from Cleveland Avenue; and a USD 60M Series C in March 2024 led exclusively by LG Electronics, which took an initial ~21% stake with a call option for up to an additional 30%. On January 24, 2025, LG exercised that option and acquired a majority stake in Bear Robotics at a reported ~USD 600M valuation, making Bear an LG subsidiary while retaining the Bear brand and San Francisco Bay Area operations.
Bear is the category leader in hospitality service robots and now a strategic asset of LG Electronics — the acquisition signals a Korean consumer-electronics giant building a serious robotics stack to compete with Chinese service-robot incumbents.
bearrobotics.ai Service RoboticsUnited States flagUnited Statesacquired

At a glance

Total raised
$175M
last round series c
Headcount
201-500
approximate · public range
Headquarters
Redwood City, California
United States flagUnited States
Founded
2017
9 years active
Status
Acquired
by LG Electronics
Latest valuation
$600M
Series C · 2024
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