Korean Startup RLWRLD Secures $14.8 Million to Develop Robotic Foundation Models
As robotics technology advances, industries are increasingly adopting robots to automate various strenuous tasks. According to the International Federation of Robotics (IFR), over 540,000 new industrial robots were installed globally in 2023, bringing the total number of active industrial robots to over 4 million. While traditional industrial robots excel at repetitive tasks, they still face challenges in performing delicate tasks, handling fragile materials, and adapting to changing conditions. For example, robots in restaurant kitchens may cause more disruption than assistance.
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