LG Makes Strategic Investment in Bear Robotics
-
-
Similar Topics
-
By News Reporter
Targeting More Than USD $100 Million, the Fund Will Focus on Investments in
Companies That Provide Positive Impact on People and the Planet
SANTA CLARA, Calif., Aug. 2, 2023 — Global innovator
link hidden, please login to view and , a global investment advisory and asset management firm with nearly two decades of experience in impact and sustainable investing, announced a strategic alliance to support companies developing solutions to bring positive change to people and the planet. The two companies are collaborating on NOVA Prime Fund, a venture capital fund with a target of more than USD $100 million. The Fund’s objective will be to invest in companies advancing innovations to build a better future, drawing from the pool of companies participating in the Program sponsored by LG Electronics’ North America Center for Innovation, . “As a part of our business transformation to a Smart Life Solution company, LG is innovating to expand its services and solutions in new areas of business growth,” said LG Electronics Global CEO William Cho. “The strategic investments we’ve made with LG NOVA and its Mission for the Future Program has led us to take the next step in working with Clearbrook and others to support the accelerated growth of new technological solutions in digital health, sustainability and future solutions platforms that benefit society. Clearbrook’s investment track record with a clear focus on impact and sustainable investing aligns perfectly with LG NOVA’s mission.”
, Clearbrook’s venture capital arm, invests at the intersection of sustainability, profit and purpose, and will act as General Partner of the NOVA Prime Fund while LG Electronics will be a Limited Partner. The NOVA Prime Fund will focus on investing in mission-driven companies concentrated on sustainable energy, digital health, immersive AI and industries of the future. Based in Silicon Valley and investing across both national and international markets, the NOVA Prime Fund will seek to advance both companies’ long-standing commitment to societal impact, as the fund seeks to empower innovative startup companies to build the tools required for a more sustainable future.
LG NOVA will serve as a contributing source of innovative companies for the fund to invest in and provide a commercial acceleration path for those companies selected through its programs. Selected portfolio companies are also expected to benefit from Clearbrook’s global commercial acceleration resources. LG NOVA’s Mission for the Future is a global program to identify leading companies with innovative concepts and transformative solutions that create a positive impact on people and the planet. Selected companies may have an opportunity to explore new venture creation, and may benefit from an accelerated path to growth with support from LG.
“We anticipate that LG NOVA’s acceleration capabilities will help startups, as well as our portfolio companies, succeed in their business initiatives – providing a valuable scenario for the fund to achieve its mission of growing companies that provide a positive impact on society,” said Clearbrook’s Chairman and CEO Elliott Wislar. “Our strategic alliance is the result of a shared vision that impact investing is an essential part of a business ecosystem that contributes to an improved society for all. Through our combined forces, we will seek to accelerate and amplify innovation for a better tomorrow. Our focus will encompass environmentally friendly solutions with a reduced environmental impact, and we will actively seek to support cutting-edge innovations in healthcare, sustainable energy and other solutions that foster a smarter, healthier lifestyle.”
“By investing in this fund, we are intentionally bridging sustainability and innovation to drive exponential growth in viable solutions for the challenges we face today,” said Sokwoo Rhee, Head of LG NOVA and SVP of Innovation for LG Electronics. “We, in collaboration with Clearbrook, are moving forward in our vision for a brighter future created with innovative solutions to help people live a better life.”
For more information on the NOVA Prime fund visit
Learn more about LG NOVA and the Mission for the Future Program
Submit your company for the Mission for the Future program .
# # #
-
By News Reporter
According to a latest report by the World Health Organization (WHO), approximately 1.3 million lives are cut short by traffic accidents every year.1 In an effort to lower this alarming figure and make vehicle travel safer for everyone, governments and manufacturers around the globe continue to look to technology for solutions. Self-driving cars may be the answer but wide acceptance of such technology is still years, maybe decades away. In the meantime, technology companies such as LG are creating solutions today that could potentially save thousands of lives if these solutions are widely implemented.
DMS and IMS
Among LG’s next-generation in-vehicle cabin camera solutions are the driver monitoring system (DMS) and interior monitoring system (IMS). These state-of-the-art solutions leverage sophisticated technologies including high-performance cameras and artificial intelligence to prevent driver error, by far the most common cause of traffic accidents and the loss of life.
Face mask detection
LG’s cabin camera solution detects the occupants of a vehicle with an innovative micro camera and AI to learn multiple drivers’ behavior patterns, optimizing the human machine interface (HMI). The DMS is even able to monitor and interpret the driver’s face even if he or she is wearing a face mask.
Driver identification and spoofing detection
Advanced driver identification and spoofing detection can be enabled to prevent unauthorized drivers from accessing the vehicle. These features will become mandatory for highly automated driving and will provide drivers and passengers a fully personalized experience in a vehicle.
Object detection
In the United States alone, nearly a 1,000 children have died since 1990 from being left unattended in hot cars.2 LG’s IMS is intelligent enough to determine if an object in the car is a purse, package or child, alerting the driver if a child is left in the vehicle inadvertently.
LG’s cabin camera solutions are already being mass produced and are currently being supplied to global automakers. LG’s solutions can easily be integrated in in-vehicle infotainment (IVI) systems found in many new vehicles and are key building blocks for a safer future on the world’s roads.
As an Innovation Partner for Future Mobility, LG’s is delivering differentiated in-vehicle experiences while helping automakers meet and surpass current and upcoming government regulations and global NCAP. By providing solutions that may mean the difference between life and death, LG is utilizing its technological know-how to provide immeasurable value to its industry partners so they can focus on making vehicles as safe and enjoyable as possible.
# # #
1 link hidden, please login to view
2
-
By News Reporter
It’s the time of year when the world of home appliances turns its full attention to one of the biggest consumer appliance exhibitions of them all, the Kitchen & Bath Industry Show (KBIS). In line with every tradeshow in recent memory, this year’s edition of KBIS was held in an entirely virtual world last week, from February 9 to 11. LG Electronics was there to share its latest premium home and kitchen appliances to builders, interior designers and industry professional alike with its broad portfolio of differentiated brands – from its luxury
link hidden, please login to view appliance line to its design and innovation-driven offering, as well as iconic air care and vacuum cleaner products.
For the first time, LG STUDIO is adding laundry solutions to its portfolio with the unveiling of LG STUDIO WashTower and LG STUDIO Styler at KBIS 2021. is an industry-first, single-unit, vertical laundry solution that takes up half the floor space, while the refreshes, deodorizes and sanitizes clothing with the gentle power of steam. Designed to work hard and look good, LG STUDIO models offer exclusive features such as expanded capacity and elevated finishes like Noble Steel. The LG STUDIO WashTower also captured the coveted “Design Bites” distinction which recognizes top innovations unveiled at the show.
Signature Kitchen Suite is LG’s brand driving innovation in the luxury, built-in kitchen appliance market. New for this year is the expansion of its award-winning line of wine column refrigerators with an advanced new undercounter model unveiled at KBIS 2021. LG’s exclusive Wine Cave Technology maintains the perfect conditions for storage, minimizing vibrations and temperature fluctuations while limiting light exposure and optimizing humidity. The companion Signature Sommelier app helps wine connoisseurs manage entire collections and is the first smart software that learns preferences and makes wine recommendations, including food and wine pairings, based on the wines stored in the user’s cellar.
LG’s lasted innovations, including its InstaView® slide-in ranges and AirFry ProBake and Air Sous Vide cooking features, will be found in the LG Core Zone. First unveiled at CES® 2021, see these products come to life in artfully designed home renderings. See LG’s ultra-large capacity InstaView French Door refrigerators and side-by-side refrigerators with an expanded InstaView window and flat panel doors, all featuring the company’s exclusive slow-melting Craft Ice spheres along with cubed and crushed ice options.
See LG WashTower and Styler steam closets take laundry to the next level while LG PuriCare air purifiers and CordZero vacuums with all-new auto-empty charging station help make keeping a healthier home easier than ever.
To see more of LG at KBIS, go to .
# # #
-
By Alex
A ROS-based companion robot built on webOS, It has a big touch head display a body display to show ads, Heads-up Camera, Customized TurtleBot3 Waffle Pi, Intel Neural Compute Stick 2.0 and a RaspberryPI 4. All powered on single board with webOS + ROS webOS Robot Platform. See each change in action, webOS Apps and services communicate with ROS to send commands or read data from sensors Big Bean can read face and react to emotions: Happy Face makes Big Bean happy, Sad Face makes it sad. Big Bean can play games with you and entertain you, Reacts to voice commands and it supports software updates.
-
-
By Alex
Qualcomm Incorporated, announced today plans to work together to further develop webOS Auto, LG’s connected in-vehicle infotainment system. Harnessing the combined strengths of webOS Auto and Qualcomm Snapdragon Automotive Development Platform (ADP), the companies aim to create and advance a more convenient in-car experience for drivers and passengers alike.
LG’s webOS Auto is a Linux-powered platform which leverages LG’s expertise in vehicle infotainment for the next generation of connected automobiles. LG’s recently announced webOS Open Source Edition 2.0, which adds automotive infotainment functionality, allows developers to experience some of the innovative features that will be incorporated in webOS Auto. The open source code and related tools and guides are available to download at
link hidden, please login to view The Snapdragon ADP features industry leading infotainment technologies supported through artificial intelligence (AI) capabilities, advanced graphics for high-resolution multiple display configurations and ultra HD media streaming. Snapdragon ADP is designed to provide a comprehensive hardware and software environment for rapid development of high performing and power efficient automotive cockpit platforms, including passenger and rear-seat entertainment (RSE) displays.
In addition to developing and commercializing a more advanced webOS Auto, LG and Qualcomm will collaborate on a reference platform which LG will unveil in January at CES 2020.
Source:
-
-
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.