Hyundai buys controlling interest in Boston Dynamics

It’s official. Boston Dynamics is becoming part of the Hyundai family( pending regulatory approbation, naturally ). The Waltham, Massachusetts-based robot maker confirmed in a press release today that the South Korean technology company is acquiring controlling interest. The spate, which significances the company at $1.1 billion, contributes Hyundai Motor Group an 80% bet, with SoftBank controlling the remaining 20%.

The transaction differentiates the Spot-maker’s third change of mitts in a mere seven years. After nearly a quarter-century operating as a research firm( with some large-hearted financial help from organizations like DARPA ), it sold to Google in 2013, becoming part of a new robotics wing led by then-executive Andy Rubin.

After Google X Robotics was largely dissolved, Boston Dynamics deepened handwritings in 2017, becoming a subsidiary of Japanese investment giant SoftBank. It was an odd fit for the company, and a rough time for SoftBank likely hasn’t helped substances. At the very least, Hyundai is a more logical home for the company, after being owned by a firm whose best-known robot is Pepper, the humanoid hospitality’ bot.

Hyundai apparently in talks to buy SoftBank-owned Boston Dynamics

As we memorandum while provides information on earlier rumors about the acquisition, Hyundai has been realise some big investments in the category. The inventory includes a recent brace enterprise with Aptiv to commercialize autonomous driving systems. There’s too the recently announced eventual mobility vehicles, or UMV — a borderline sci-fi vehicle with legs.

“Boston Dynamics’ commercial-grade business has been an increase rapidly as we’ve brought to sell the first robot that can automate repetition and dangerous projects in workplaces designed for human-level mobility ,” CEO Rob Playter said in a liberate bind to the deal.” We and Hyundai share a view of the transformational capability of mobility and look forward to working together to accelerate our plans to enable the world with cutting edge automation, and to continue to solve the world’s hardest robotics challenges for our customers.”

Boston Dynamics, of course, has been blurring the lines between science fiction and world for various decades now. More recently, however, it’s taken a much stronger interest in commercializing its advanced engineerings. Under SoftBank, the company launched Spot, a quadruped robot that sucks on years of robotic invention, includes the iconic Big Dog.

Spot became up for sale last year in limited quantities. It’s now available for anyone in the U.S. with $74,500 burning a loophole in their pocket. The companionship is also propagandizing to commercialize its motored Handle robot for warehouse and fulfillment related purposes. That robot is due out some time next year. While the finesse and ensuing price tag for the company’s robots have drawn a fair flake of skepticism, investors have taken increased interest in robots and automation conglomerates in the wake of year-long COVID-1 9-related shutdowns.

” Hyundai Motor Group will provide Boston Dynamics a strategic spouse rendering be made available to Hyundai Motor Group’s in-house manufacturing capability and cost benefits stemming from economies of magnitude ,” according to the release.” Boston Dynamics will benefit substantially from brand-new capital, engineering, affiliated patrons, and Hyundai Motor Group’s global market reaching heightening commercialization opportunity for its robot makes .”

The deal is expected to close in by June.

Boston Dynamics puts its robotic quadruped Spot up for sale

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