the Hyundai Motor Group

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. Boston Dynamics, Inc.Google acquired Boston Dynamics in December 13, 2013. But after a few years, in 2017, it sold it to Japan's SoftBank Group. In December 2020 Hyundai Motor Group acquired an 80% stake in the company from SoftBank, which grew into a full controlling stake by June 2021.Hyundai Motor Company currently owns a controlling interest in Boston Dynamics, which they acquired in 2021 at a valuation of $1.1 billion.

Who is Boston Dynamics’ biggest competitor : Boston Dynamics competitors and alternatives

1. Sarcos. Developer of multi-utility robots.
2. UBTECH. Provider of service robots for diversified applications.
3. Telexistence. Provider of AI-based multi-utility teleoperated humanoid robots.
4. Clearpath Robotics.
5. Kongsberg.
6. Agility Robotics.
7. CloudMinds.
8. Softbank Robotics.

Why did SoftBank sell Boston Dynamics

Hyundai wanted to invest in more "mobility solutions," and Softbank was able to flip Boston Dynamics for a tidy profit. The acquisition is pretty exciting for Boston Dynamics. While the company has been churning out industry-leading robotics work for years, it has all been pure research.

Why did Hyundai buy Boston Dynamics : The merger with Boston Dynamics will allow us to merge and expand our future mobility concept including autonomous cars, logistics and Urban Air Mobility. To celebrate the occasion, we want to show our vision for 'Progress for Humanity' by presenting a whole new era of robots to the world.

At the time, Bloomberg said there were "tensions" between Boston Dynamics and Google officials. "There's some time frame that we need to be generating an amount of revenue that covers expenses and (that) needs to be a few years," the publication quoted Alphabet CEO Larry Page as saying.

Boston Dynamics didn't have an IPO on the calendar in early 2024. And the company likely won't go public anytime soon. Hyundai acquired a controlling stake in the robotics company in 2021 to advance its robotics strategy.

Who is the leader in robotics

7 Best Robotics Companies: Comparison chart

	Best For
Vecna Robotics	Material handling automation
Boston Dynamics	Automated industrial inspection and remote investigation
FANUC	Industrial automation
Yaskawa	Automating production processes

Are your robots currently being used by the military Yes, but only in non-weaponized applications. Spot is a general purpose robot with broad applications, including military uses like remote inspection of hazardous environments, rescue operations, or logistics operations.SoftBank's flagship tech investment arm had a rough time in the fiscal year that ended in March this year, posting a record loss of around $32 billion. A slump in tech stock prices and the souring of some of SoftBank's bets in China were to blame.

Boston Dynamics' weak resource base and lack of commercial experience are additional risks in their (commercial) market failure journey. Boston Dynamics' second-to-market is Unitree Robotics, founded in China in 2017, which launched a direct competitor to Spot — its A1 robot dog.

How much did Google sell Boston Dynamics for : Hyundai is acquiring an 80 percent stake in Boston Dynamics in a deal valuing the company at $1.1 billion. Softbank will retain a 20 percent stake. Boston Dynamics was spun out of MIT as a private company in 1992 and survived for a long time on military contracts.

Is Boston Dynamics a good company : Boston Dynamics has an employee rating of 4.6 out of 5 stars, based on 65 company reviews on Glassdoor which indicates that most employees have an excellent working experience there.

Can I invest in Boston Dynamics

Boston Dynamics is a private company, operating as a subsidiary of the Hyundai Motor Company. As such, it is not traded on any stock exchange, and its shares are not available to the general investing public. As of January 2024, there is no news of it going public.

Silas Adekunle credited for building the world's first gaming robot and has just become the highest paid in the field of Robotic engineering.The four biggest companies in robot manufacturing are ABB, FANUC, KUKA, and Yaskawa. Although they're widely known, bigger isn't always better. Going for giants can sometimes mean less flexibility and higher costs.

Does Boston Dynamics make money : However, it makes most of its money from selling cars and providing financing. Boston Dynamics is likely a minimal contributor to its revenue (the company only had a few hundred robots operating when Hyundai acquired its majority stake in 2021).