Rainbow Robotics

Based in South Korea, Rainbow Robotics focuses on developing innovative robotic solutions for industries such as manufacturing and surveillance, providing collaborative and humanoid robots designed for varied applications. Founded in 2011 in Daejeon, South Korea, Rainbow Robotics specializes in advanced robotics solutions. The company has raised a total of KRW 267,462. 176 mn, primarily from their latest funding round, LP Direct, secured in February 2021, with significant investment from Samsung Electronics.

The CEO of the company is Jungho Lee. Rainbow Robotics specializes in the development and provision of advanced robotic solutions tailored for various industries, including manufacturing, food and beverage, and surveillance. Their core offerings include collaborative robots (cobots) and humanoid robots designed for precise control, tracking, and automated service. Notably, their RB-N series is recognized as the world's first NSF-certified collaborative robot, ensuring hygiene safety for the food industry.

The company also produces quadrupedal and bipedal robots optimized for monitoring and search operations, catering to a diverse clientele across logistics, service automation, and emergency response sectors, with active markets in North America, Europe, and Asia. Rainbow Robotics generated revenue of KRW 11,687,814. 9 in 2023. The company reported an EBITDA of KRW -33,540,379.

8 for the same year. Revenue primarily comes from direct sales of flagship robotic products, including NSF-certified collaborative robots and humanoid models, structured around one-time sales and potential maintenance contracts tailored to client needs. Rainbow Robotics plans to expand its product offerings and enter new markets. The company will utilize recent funding from the IPO in February 2021, where KRW 26.

5 billion was raised by selling 2. 65 million shares at KRW 10,000 each, to support the development of new robotic solutions and enhance its market reach. The targeted expansion includes further penetration into North America and Europe by the end of 2023.