Is Boston Dynamics a publicly traded company?
Dec 12, 2020 · Boston Dynamics, once owned by Google’s parent company, Alphabet, and then by Japanese conglomerate SoftBank, now belongs to South Korean carmaker Hyundai.
Did Hyundai buy Boston Dynamics?
Sep 15, 2020 · So, let’s talk about how Boston Dynamics got to this point, what happened in those sixteen years between Big Dog and Spot, and how the future looks from here. MIT Military robots Marc Raibert is the brain behind the company, and it all started as a spin-off from the Massachusetts Institute of Technology, in 1992.
Does Hyundai own Boston Dynamics?
Jun 21, 2021 · Hyundai has acquired Boston Dynamics from Softbank in a deal that values the robotics company at $1.1 billion..
Who is Boston Dynamics owned by?
Why did Hyundai buy Boston Dynamics?
Is Boston Dynamics a private company?
Is Boston Dynamics a Hyundai?
Who bought Boston?
Who owns Hyundai?
Is Boston Dynamics listed on the stock market?
Who is the CEO of Boston Dynamics?
Where is Boston Dynamics headquarters?
Who founded Boston Dynamics?
How much of Boston Dynamics does Hyundai own?
What’s in it for Hyundai?
Let’s get into the press release, which is filled with press release-y terms like “synergies” and “working together”—you can view the whole thing here —but still has some parts that convey useful info.
Betting on Spot and Pick
With Boston Dynamics founder Marc Raibert ‘s transition to Chairman of the company, the CEO position is now occupied by Robert Playter, the long-time VP of engineering and more recently COO at Boston Dynamics. Here’s his statement from the release:
A new deep-pocketed benefactor
Hyundai Motor Group’s decision to acquire Boston Dynamics is based on its growth potential and wide range of capabilities.
Google, SoftBank, now Hyundai
Boston Dynamics possesses multiple key technologies for high-performance robots equipped with perception, navigation, and intelligence.
Hyundai Motor Group’s AI and Human Robot Interaction (HRI) expertise is highly synergistic with Boston Dynamics’s 3D vision, manipulation, and bipedal/quadruped expertise.
Boston Dynamics contemplates its future
The release ends by saying that the transaction is “subject to regulatory approvals and other customary closing conditions” and “is expected to close by June of 2021.” Again, you can read the whole thing here.
Boston Dynamics brings Spot to the world
A few more robots and a couple of acquisitions later, and they are now responsible for Spot: the new, dog-type robot that took the Internet by storm recently. It is available on the market for $75K and brings a lot of fascination, some answers, and probably a lot more of wondering about the future.
MIT Military robots
Marc Raibert is the brain behind the company, and it all started as a spin-off from the Massachusetts Institute of Technology, in 1992.
Google gets into robots
In late 2013, the company was acquired by Google in an undisclosed deal. It was the cherry at the top for Google as they had acquired other seven robot-focused companies and startups, in just a few months. It all looked like Google was ramping up on robotics.
Will robots replace us?
This is the question that jumps in any conversation about robots. The debate is still open and experts have different takes on it. However, reality keeps moving at its own pace and some industries and jobs are already being impacted by the incursion of robots.
What company owns Boston Dynamics?
Hyundai has sealed its acquisition of Boston Dynamics as it pushes further into the field of robotics. The completed deal means the Korean car maker now owns an 80 percent stake in the company, known for its commercially available robo-dog Spot, valuing it at $1.1 billion. As a result of the acquisition, Hyundai is the third company …
Does Hyundai own Boston Dynamics?
As a result of the acquisition, Hyundai is the third company to own Boston Dynamics, an MIT spinoff that was purchased by Google in 2013 and later Softbank in 2017, …
Who owns the robot dog company?
Hyundai now owns robot dog maker Boston Dynamics. It plans to use the company to create a robotics value chain across manufacturing and construction. Hyundai has sealed its acquisition of Boston Dynamics as it pushes further into the field of robotics. The completed deal means the Korean car maker now owns an 80 percent stake in the company, …
Is Boston Dynamics a privately owned company?
Boston Dynamics, a robotics company based in Waltham, Mass., is a privately-owned company. SoftBank Group is the sole owner of the company. In December 2020, Hyundai Motor Group announced a deal to acquire a controlling share in the company.
Who is the founder of Boston Dynamics?
According to EquityZen, Boston Dynamics started as a spinoff from the Massachusetts Institute of Technology. Co-founder Marc Raibert and his colleagues designed the first robots with animal-like maneuverability.
Is Boston Dynamics a legit company?
Boston Dynamics is a legit company. Founded in 1992, Boston Dynamics develops mobile robots for a variety of applications. The company’s primary focus is legged robots for greater utility in both the natural and the manufactured world, which are meant to have “advanced mobility, dexterity and intelligence.”.
What is Boston Dynamics?
Founded in 1992, Boston Dynamics develops mobile robots for a variety of applications. The company’s primary focus is legged robots for greater utility in both the natural and the manufactured world, which are meant to have “advanced mobility, dexterity and intelligence.”
When did Hyundai buy Boston Dynamics?
The acquisition deal with Hyundai in December 2020 placed a value of $1.1 billion on Boston Dynamics. In the near term, Hyundai intends to continue to focus on Spot, Handle, and Atlas.
Who is the vice president of Boston Dynamics?
Boston Dynamics’ vice president of business development, Michael Patrick Perry, said that Hyundai’s vision for autonomous driving and unmanned aerial systems is exciting, which “fits very neatly into the connected vision of robotics,” according to IEEE Spectrum . Source: Boston Dynamics Facebook.
Who owns Boston Dynamics?
South Korean car giant Hyundai Motor Group has agreed to buy a controlling stake in Boston Dynamics, in a deal that values the U.S.-based robot maker at $1.1 billion, from SoftBank Group. Boston Dynamics said in a statement that Hyundai will hold an 80% stake in the company, while SoftBank will retain the remaining 20%.
When was Boston Dynamics founded?
Boston Dynamics was founded at the Massachusetts Institute of Technology in 1992 and ran independently until Google bought it in 2013. SoftBank acquired it four years later for an undisclosed sum.
Who is the chairman of Hyundai?
Hyundai is led by chairman Euisun Chung, who is one of the richest men in Korea, with a net worth of $3.5 billion. The deal will leverage Boston Dynamics’ and Hyundai’s respective strengths in manufacturing, logistics and automation, the statement said, as well as “lend synergies” to autonomous vehicles. Hyundai, which is the second-largest …
How much does Hyundai invest in the next five years?
Hyundai, which is the second-largest conglomerate in Korea after Samsung, has ambitious plans to invest more than $50 billion over the next five years to become a “Smart Mobility Solution Provider,” a broad plan that includes driverless cars.
Does Hyundai invest in future technologies?
Boston Dynamics said in its statement that Hyundai has already invested substantially in the development of future technologies , including in autonomous driving, smart factories, artificial intelligence, robotics and eco-friendly vehicles.
Is Boston Dynamics a legit company?
Boston Dynamics is a legit company. Boston Dynamics was formed as a spin-off of the Massachusetts Institute of Technology. Marc Raibert founded the first robot that had animal-like maneuverability. Its primary focus is legged robots for superior utility in both the natural as the manufactured world.
Can you invest in Boston Dynamics?
The short answer is that you can’t directly invest in Boston Dynamics stock. It is currently controlled by Hyundai Motor Company GDR (OTCMKTS: HYMTF) which bought it from SoftBank Group Corp – ADR (OTCMKTS: SFTBY) officially in June of 2021.
When was the robot company founded?
No recovery, no fee. It was founded in 1992, reportedly as a Massachusetts Institute of Technology (MIT) spinoff. Marc Raibert, currently the president, was a co-founder of the company. Along with colleagues, he was able to develop robots that could be maneuvered like animals.
When was BD founded?
It was founded in 1992 , reportedly as a Massachusetts Institute of Technology (MIT) spinoff. Marc Raibert, currently the president, was a co-founder of the company. Along with colleagues, he was able to develop robots that could be maneuvered like animals. Mark McElwee is the senior robotics engineer of BD.
What is Boston Dynamics’ goal?
Boston Dynamics’ goal is to create robotics with more advanced mobility intelligence. The key to being successful is the trickle-down of rocky trails, steps, and catwalk doors or narrow passageways. As someone in a manufacturing plant, this robot could increase the competition and increase safety rules.
What is BD robot?
BD robots have earned a name for their stability and balance, enabling them to “boldly go where no robot has been before.”. In the company’s words, “These unique designs enable our robots to conquer terrains inaccessible to others, and perform automated tasks in unstructured environments.”.
What robots does BD make?
BD also makes a robot, aptly na med ‘Pick,’ for warehouse box detection. A third robot, already named ‘Handle,’ is in the works. When ready, its function will be to move packages around in a warehouse. This one is expected to be available, like the consumer version of Spot, in 2022.
Overview
Boston Dynamics is an American engineering and robotics design company founded in 1992 as a spin-off from the Massachusetts Institute of Technology. Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021.
History
The company was founded by Marc Raibert, who spun the company off from the Massachusetts Institute of Technology in 1992. Early in the company’s history, it worked with the American Systems Corporation under a contract from the Naval Air Warfare Center Training Systems Division (NAWCTSD) to replace naval training videos for aircraft launch operations with interactive 3Dcomputer simulations featuring characters made with DI-Guy, software for realistic human si…
Products
BigDog was a quadrupedal robot created in 2005 by Boston Dynamics, in conjunction with Foster-Miller, the Jet Propulsion Laboratory, and the Harvard University Concord Field Station. It was funded by DARPA in the hopes that it would be able to serve as a robotic pack muleto accompany soldiers in terrain too rough for vehicles, but the project was shelved after BigDog was deemed t…
In popular culture
• “Metalhead”, a 2017 episode of Black Mirror, features killer-robot dogs resembling, and inspired by, Boston Dynamics robot dogs.
• In June 2019, a parody video went viral across social media in which a robot resembling Atlas was abused, before turning on its human attackers. The video turned out to be the work of Corridor Digital, who used the watermark “Bosstown Dynamics” instead of “Boston Dynamics”. This video tricked many people, causing them to believe it was real.
See also
• Biomimetics
• List of robotic dogs
External links
• Official website