LG
Canvas Category OEM : Computer and Electronic
LG’s philosophy revolves around people, sincerity, and sticking to the fundamentals. It is to understand our customers and to offer optimum solutions and new experiences through ceaseless innovation, thus helping our customers lead better lives. We are reaching out to discerning consumers with keen sensibilities - people who continue to explore new activities and take on new challenges to experience more and achieve a better life. We have developed our brand image gradually and consistently, always to communicate, “Life’s Good.” We are contemporary yet authentic, always evolving our fundamental philosophies to the modern arena.
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Liminal Secures Strategic Investment from LG Technology Ventures To Expand and Accelerate Commercial Deployments
Liminal, a leading battery manufacturing intelligence company with a mission to accelerate the global adoption of electric vehicles and clean energy, announced that it has closed a $10M strategic investment round catalyzed by LG Technology Ventures, the venture capital arm of the LG Group. The round also included new support from Chailease Holdings as well as participation by current investors including ArcTern Ventures, University of Tokyo Edge Capital Partners, Good Growth Capital, Chrysalix Ventures, and Ecosystem Integrity Fund.
Liminal’s quality control solutions use ultrasound inspection and physics-informed data science to deliver powerful insights to battery cell manufacturers to accelerate production ramp-up, improve quality, and reduce scrap and costs. The company deployed its in-line inspection product in a European gigafactory late last year, has an active pilot with a major Asian battery cell manufacturer, and will be deploying with a US-based automotive OEM in the coming weeks.
U.S. Sodium-Ion Battery Startup Receives Investment from LG Technology Ventures
LG Technology Ventures, has made an investment in UNIGRID Inc., a California-based startup that develops advanced sodium-ion batteries, placing a stake in the emerging sodium ion battery development space. LG Technology Ventures’ investment in UNIGRID reflects a thorough technical evaluation, serving as an endorsement of the startup’s innovative sodium-ion battery technology. This support from one of the market leaders not only accelerates UNIGRID’s growth but also signals to the market the robustness and potential of their solutions.
Sodium-ion batteries are produced using abundant sodium-based materials. UNIGRID’s batteries do not contain lithium, nickel, cobalt, nor copper, offering a promising pathway to mitigating the supply chain risks of lithium-based batteries. Sodium-ion batteries are applicable for a versatile array of energy storage applications as they are less expensive, safer, and can operate over a wide temperature range.
Since its inception, UNIGRID has positioned itself as a sodium-ion innovator and a technology frontrunner, developing cells with energy densities that exceed lithium iron phosphate (LFP) batteries. Additionally, the sodium ion battery technology offers safety properties that are superior to conventional batteries.
Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology
Li Industries announced the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures and LG Technology Ventures with Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures and Chevron Technology Ventures coming in as new investors. They join existing investors, Shell Ventures and Myriad Ventures, to back Li Industries’ mission of providing the most circular, cost-effective, and sustainable solution for lithium-ion battery materials, under the guidance of Nobel Laureate Dr. M. Stanley Whittingham. Given investors’ interest, Li Industries plans to expand the round to $42M, which would bring its total private funding to more than $50M.
This new round of funding solidifies Li Industries’ growth trajectory to meet its partners’ growing needs for battery recycling services and battery materials. The capital raised will be used to construct a 10,000 ton recycling facility powered by Li Industries’ proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology. This expansion builds on the company’s Series A funding, which enabled the development of a 500-ton battery recycling facility in Pineville, NC, and a 1,000-ton battery sorting facility in Charlotte, NC.
Bear Robotics Lands $60 Million in Series C Funding from Tech Giant LG Electronics
Bear Robotics, a Silicon Valley trailblazer in service robotics and artificial intelligence solutions, announced the completion of a $60 million Series C funding round. This round is exclusively led by LG Electronics, a global leader in technology and innovation. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company is poised to unveil its next-generation robotics platform, featuring autonomous navigation systems and adaptive learning algorithms, meticulously designed to meet the complex demands of modern supply chains and manufacturing processes.
LG Collaborates With SVT Robotics to Accelerate the Deployment of Autonomous Mobile Robots
LG Business Solutions USA is collaborating with SVT Robotics, a leading software provider that empowers IT teams to seamlessly integrate, monitor, and scale automation, to deploy LG’s new CLOi CarryBot autonomous mobile robots (AMRs) in U.S. warehouse environments. By leveraging the SOFTBOT® Platform from SVT Robotics, prebuilt integrations easily enable the LG CLOi CarryBot AMRs to connect to virtually any warehouse management solution.
LG’s CLOi CarryBot, offers warehouses a powerful, easy-to-use solution that can move up to 1.2 meters per second with 18 hours of runtime and a 6-hour charge time. Up to 100 CarryBots can operate in unison, enabling use in organizations and spaces of any size and complexity. A convenient, intuitive 9.2-inch color touchscreen provides info and control options.
Sion Power Raises $75 Million to Commercialize Its Proprietary Licerion Technology for Electric Vehicles
Sion Power Corporation, a leading technology developer of next-generation batteries for electric vehicles (EV), announces that it has secured $75 million in Series A funding. The round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from mathematician Jim Simons’ Euclidean Capital. The company also secured new investment from former Google CEO, Eric Schmidt’s Hillspire LLC.
Sion Power is the developer of LicerionTM technology. This technology uses compression in a lithium metal battery to enhance safety, lifetime and recharging rates. It is the Sion Power belief that any lithium metal system will require compression to have a viable energy storage system. The company has developed very robust intellectual property around this concept. LicerionTM has been successfully demonstrated in large energy capacity battery cells (up to 20Ah) and it is currently in development to reach 56Ah.
With this new capital, Sion Power will achieve technical and market validation of its technology. The company plans to build a fully automated manufacturing line to produce high quality large format lithium-metal cells for testing and market development by automotive OEMs and cell manufacturers.
LG's robot to be used in facility diagnosis of POSCO's steel mill
LG Electronics’ AI-based self-driving robots can be widely used for facility diagnosis at hazardous worksites in the future, the company said Wednesday, after completing a two-day demonstration of unmanned facility management using its robot at POSCO’s Gwangyang steel plant. LG said the robot completed its facility management mission in the electrical room of the steel plant in Gwangyang, South Jeolla Province, on Monday and Tuesday.
This demonstration project was carried out as part of a business agreement between LG Electronics and POSCO Holdings. In May, the two companies signed a business agreement for the development of technologies in the fields of robots, AI and 5G networks, and conducted the first stage of a demonstration in July to control the driving of a semi-autonomous robot.
“We equipped the robot with cameras and light detection and ranging (LiDAR) sensors. The robot uses the information acquired from the sensors to recognize its surroundings more accurately,” LG said. “It has a high recognition rate even in low-light environments such as basements or places where safety fences are installed around equipment. If it detects abnormal temperatures in various equipment in the electrical room using the temperature information obtained from its thermal imaging camera, it will take a picture and send an alert to the control room.”
POSCO, LG Electronics to jointly build smart factory
POSCO Holdings Inc. and LG Electronics Inc. announced on Wednesday that they will collaborate to upgrade POSCO’s smart factory technology. The initiative will involve the integration of robotics, artificial intelligence (AI) and wireless communication technologies.
Under the agreement, both companies will jointly develop technology to conduct safety inspections and manage facilities in steel mills. This initiative will employ autonomous robots integrated with AI, enabling operations in areas that are challenging for human accessibility.
DeepHow Raises $14M Series A Funding to Transform How Enterprises Capture and Transfer Technical Know-How
DeepHow, the AI company that turns technical know-how into smart, how-to training videos, has closed $14M in Series A funding. Owl Ventures, a specialist in education technology investing, led the round, with participation from another new investor LG Technology Ventures. Existing investors Sierra Ventures, Qualcomm Ventures, Osage Venture Partners, and Foothill Ventures also participated in this round.
DeepHow plans to invest in go-to-market initiatives to accelerate its business growth, and to ramp up its investments in product, engineering, and generative AI innovation. In response to customer demand, DeepHow has already fast-tracked development of powerful product enhancements that leverage the power of generative AI to accelerate SOP video creation, multimodal workflow generation, AI chat assistance, and strategic knowledge mapping.
Venti Technologies Announces $28.8 Million Series A Funding to Automate Global Logistics and Industrial Hubs
Venti Technologies, a world leader in autonomous logistics for global supply chain and industrial hubs, today announced that it has secured $28.8 million in a Series A financing. The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. The funding will be used to accelerate Venti’s growth and meet increasing demand from customers worldwide.
LG, Altair build AI-powered validation platform for automotive parts
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Altair Engineering Inc., a US tech firm, in developing an AI-powered validation platform for automotive parts.
Integrating AI technology into the vehicle component development process will provide LG’s clients with more reliable and high-quality solutions for products, including infotainment systems, LG said. The South Korean electronics company said the new platform leverages a machine learning algorithm to accurately predict and measure product performance from an early stage of the design validation process.
LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells
LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc. The battery-making arm of LG Corp. plans to add 9 gigawatt-hours (GWh) worth of production capacity for the new 4680 cylindrical batteries at its No. 2 Ochang factory. The battery maker also announced it would invest 150 billion won in the No. 1 Ochang factory to add 4 GWh worth of production capacity to manufacture the existing 2170 cylindrical battery cells. The 4680, expected to be mass produced next year, is composed of nickel, cobalt, manganese and aluminum (NCMA). The new battery has an increased nickel composition of up to 95% and added aluminum.
MakinaRocks raises $10M in Series A
MakinaRocks, an industrial AI solutions startup aiming to revolutionize the world of manufacturing, announced today that it has successfully raised $10 million in Series A funding from prestigious global investors. MakinaRocks expects to use the funds to expand the company’s portfolio and develop a Software as a Service (SaaS) platform built on the existing on-premise solutions to secure domestic and international customers. The company is actively hiring skilled individuals in data analysis, AI development, and business development.