Is Boston Dynamics a publicly traded company?
Jul 21, 2021 · 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.
Who bought Boston Dynamics?
Dec 12, 2020 · Under the agreement, Hyundai Motor Group will hold an approximately 80 percent stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20 percent stake in Boston Dynamics after the closing of the transaction.
Did Hyundai buy Boston Dynamics?
Jan 04, 2021 · 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...
Does Hyundai own Boston Dynamics?
Company profile page for Boston Dynamics Inc including stock price, company news, press releases, executives, board members, and contact information
Is Boston Dynamics a publicly traded company?
Boston Dynamics is currently a non-public company.
Is Boston Dynamics owned by China?
Boston Dynamics is best known for the development of a series of dynamic highly-mobile robots, including BigDog, Spot, Atlas, and Handle....Boston Dynamics.TypeSubsidiaryNumber of employees300ParentHyundai Motor Group (2020–present) SoftBank Group (2017–2020) Alphabet Inc. (2013–2017)Websitebostondynamics.com5 more rows
Is Boston Dynamics privately owned?
Summary. Founded in 1992 after a spin-off from the prestigious Massachusetts Institute of Technology, Boston Dynamics remains private to date. In 2020, Boston Dynamics had launched sales of its first commercial robot Spot.Aug 9, 2021
Does Boston Dynamics have a stock symbol?
Boston Scientific Corporation Common Stock (BSX)
Who funds Boston Dynamics?
Initially, Boston Dynamics received a lot of its funding from the U.S. military and DARPA. Later, it was financed by big-name owners including Google, SoftBank and most recently, Hyundai.Oct 9, 2021
Where is Boston Dynamics headquarters?
Waltham, MABoston Dynamics / HeadquartersWaltham is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. Wikipedia
Does Boston Dynamics make money?
Despite the viral fame, Bloomberg notes that Boston Dynamics has not been profitable in recent years, which could change under a new CEO and Hyundai's guidance. It's been a long journey from its start in 1992 to being valued at $1.1 billion.Dec 11, 2020
Who is the CEO of Boston Dynamics?
Robert Playter -Robert Playter - Chief Executive Officer - Boston Dynamics | LinkedIn.
What kind of a robot is Aibo?
Artificial Intelligence RobotArtificial Intelligence Robot or AIBO is a name for a Sony product developed as a robotic pet.Apr 24, 2020
Is Boston Dynamics owned by Hyundai?
Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020.Jun 21, 2021
Is Boston Dynamics owned by Google?
Boston Dynamics, once owned by Google's parent company, Alphabet, and then by Japanese conglomerate SoftBank, now belongs to South Korean carmaker Hyundai.Dec 11, 2020
How much is Boston Robotics stock?
$43.90$ 43.90CloseChgChg %$43.90-2.41-5.20%
Who owns Boston Dynamics?
Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020. Boston Dynamics is best known for the development of a series ...
Who bought Kinema Systems?
On June 8, 2017, Alphabet Inc. announced the sale of the company to Japan's SoftBank Group for an undisclosed sum. On April 2, 2019, Boston Dynamics acquired the Silicon Valley startup Kinema Systems. In December 2020, Hyundai Motor Group acquired an 80% stake in the company from SoftBank for approximately $880 million dollars.
What is a big dog?
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 mule to accompany soldiers in terrain too rough for vehicles, but the project was shelved after BigDog was deemed too loud to be used in combat. Instead of wheels, BigDog used four legs for movement, allowing it to move across surfaces that would defeat wheels. Called "the world's most ambitious legged robot", it was designed to carry 340 pounds (150 kg) alongside a soldier at 4 miles per hour (6.4 km/h; 1.8 m/s), traversing rough terrain at inclines up to 35 degrees.
How tall is Atlas?
Atlas. The Agile Anthropomorphic Robot "Atlas" is a 6-foot (183 cm) bipedal humanoid robot, based on Boston Dynamics' earlier PETMAN humanoid robot, and designed for a variety of search and rescue tasks.
Is Spot a robot?
Since 2019, Spot has been made commercially available, making it the first commercially available robot from Boston Dynamics, with the company stating its intent to commercialize other robots as well, including Handle.
How much weight can a stretch robot lift?
The machine was able to lift up to 50 pound objects using a suction cup array.
What is the quietest robot?
On its website, Boston Dynamics highlights that Spot is the "quietest robot [they] have built.". The company says it has plans with contract manufacturers to build the first 100 Spots later that year for commercial purposes, with them starting to scale production with the goal of selling Spot in 2019.
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.#N#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.
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.
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.
How much does Spot weigh?
Boston Dynamics' main product is its industrial robot “Spot.”. Spot weighs 65 pounds and is intended only for industrial and commercial use. The company says that it's exploring the possibility of a consumer-facing version of Spot by around 2022.
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.
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.
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