Newbility (CEO Sangmin Lee), a physical AI-based robotics service and platform company, has secured KRW 25.1 billion in Series B funding. With this investment, Newbility has recorded a cumulative investment of KRW 55 billion, marking the company's full-fledged leap forward as an intelligent robotics platform company.
This round of investment involved major domestic investment institutions, including the Korea Development Bank and Envisioning Partners, as well as global entrepreneurs. ICF, which includes Lee Yoon-jae, former chairman and founder of global mattress company Zinus, and entrepreneurs from the overseas mobile gaming industry also participated.
Newbility operates various robot services, including the autonomous robot "Newby," in real-world environments, and has advanced the physical AI capabilities that enable robots to perceive, judge, and respond to situations on their own.
This investment will be used for three key projects: ▲enhancing and expanding the coverage of urban logistics and delivery robot services (RaaS), ▲accelerating the global expansion of patrol robots into North America, Saudi Arabia, and other markets, and ▲developing humanoid robot technology.
Newbility CEO Lee Sang-min said, “This investment is a testament to Newbility’s Physical AI competitiveness in the domestic and international markets,” and added, “We will expand the technology accumulated from delivery and patrol robots to humanoid robots and accelerate the expansion of robot services in the global market and domestically.”
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