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Boston Dynamics

bostondynamics.com

Founded Year

1992

Stage

Corporate Majority | Acquired

Total Raised

$69M

Valuation

$0000 

About Boston Dynamics

Boston Dynamics builds advanced mobile manipulation robots with mobility, dexterity perception, and agility. The company uses sensor-based controls and computation to unlock the potential of complex mechanisms. The company was founded in 1992 and is based in Waltham, Massachusetts.On December 9th, 2020 Hyundai Motor company acquired a majority stake in Boston Dynamics.

Headquarters Location

78 Fourth Avenue

Waltham, Massachusetts, 02451,

United States

617-868-5600

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Research containing Boston Dynamics

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Boston Dynamics in 3 CB Insights research briefs, most recently on Aug 26, 2022.

Expert Collections containing Boston Dynamics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Boston Dynamics is included in 4 Expert Collections, including Auto & Mobility Tech.

A

Auto & Mobility Tech

1,152 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

S

Supply Chain & Logistics Tech

4,405 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

R

Robotics

1,974 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

C

CB Insights IEM Industry Leaders

1,342 items

Industry Leaders list for industrials, energy, and mobility (broken down by individual sheets)

Boston Dynamics Patents

Boston Dynamics has filed 1 patent.

The 3 most popular patent topics include:

  • Robotics
  • Actuators
  • Robots
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/14/2019

10/11/2022

Mathematical optimization, Optimization algorithms and methods, Operations research, Robotic manipulators, Robotics

Grant

Application Date

10/14/2019

Grant Date

10/11/2022

Title

Related Topics

Mathematical optimization, Optimization algorithms and methods, Operations research, Robotic manipulators, Robotics

Status

Grant

Latest Boston Dynamics News

Hyundai-owned Boston Dynamics’ Atlas, Stretch, Spot to take on Tesla Bot

Nov 23, 2022

Hyundai-owned Boston Dynamics’ Atlas, Stretch, Spot to take on Tesla Bot The US robot maker will supply 200 Stretch robots to logistics firms DHL and NFI next year By 4 MINUTES AGO Dog-like robot Spot, humanoid robot Atlas and Hyundai's NEXO hydrogen fuel cell car The idea of robots not just taking over menial tasks and tough jobs at logistics centers but also working as personal secretaries or in autonomous driving has been around for a long time. That’s why even automakers such as US electric vehicle giant Tesla Inc. and South Korea’s top carmaker Hyundai Motor Co. are committed to delivering new robots, particularly purpose-built and programmed robots for specific tasks. When Hyundai Motor took over Boston Dynamics Inc. in mid-202 1, the US robotics startup was known for technologically advanced but unprofitable machines such as Spot, a maneuverable dog-like robot. Originally spun off as a research center from the Massachusetts Institute of Technology in 1992, the US robot maker is now setting out as a full-scale manufacturer. According to industry sources on Wednesday, Boston Dynamics will soon begin producing its box-handling robot Stretch in large quantities by introducing Hyundai Motor’s mass production capabilities to its facilities. Boston Dynamics will deliver a fleet of Stretch robots to DHL Boston Dynamics next year will supply some 200 Stretch robots to German courier DHL and US logistics provider NFI, which are actively adopting smart logistics systems across their warehouses in North America. An unidentified customer has also requested the box-moving robot in large quantities from 2024, the sources said. Stretch can move 800 boxes, each weighing up to 50 pounds (23 kg), around warehouses in an hour, detecting and moving objects, while avoiding obstacles with the adoption of machine learning. Currently, Stretch, priced at between $300,000 and $500,000 a unit, is mostly used for unloading, but Boston Dynamics is upgrading the robot to use for loading goods onto trucks, stacking products on pallets and freight order building. Hyundai is pushing for commercialization of the warehouse robot as it expects the global robot market to grow rapidly to $177.2 billion by 2025 from an estimated $75.6 billion this year, industry officials said. A hand of Optimus, also known as Tesla Bot,  a robotic humanoid under development by Tesla FOUR-LEGGED SPOT, HUMANOID ROBOT ATLAS WITH FINGERS In addition to Stretch, Boston Dynamics is also in talks with its clients over the supply of the dog-like robot Spot. Equipped with cutting-edge cognitive and control technology, the four-legged robot can walk upstairs freely and dodge obstacles with the aid of eight cameras attached to its body. Spot is currently deployed at various industrial sites on a pilot basis, including US chipmaker GlobalFoundries Inc. for safety inspections. Los Angeles police and the law enforcement authorities in Germany are also using the robot for security patrol services on a pilot basis. Boston Dynamics’ humanoid robot Atlas, with 28 joints, has an even wider range of control and flexibility than Spot, boasting complicated moves such as handstands and somersaults. Boston Dynamics' dog-like robot Spot (left) and humanoid robot Atlas Boston Dynamics is also upgrading Atlas for wider use at industrial sites. The company is working on enhancing Atlas’ functions for delicate arm movements by adding fingers to its hands instead of the current ball shape. In December 2020, Boston Dynamics and NASA jointly developed Au-Spot, an AI robot trained to explore Mars. OPTIMUS, THE TESLA BOT Analysts said Boston Dynamics is enhancing functions of its three major robots – Atlas, Spot and Stretch – to eventually rival Tesla’s human-shaped robot Optimus. Among carmakers, Tesla is leading a humanoid robot resurgence with its Tesla Bot project that began early last year. At its Artificial Intelligence Day 2022 last month, Tesla surprised the industry by releasing a video of Optimus moving electric vehicle parts and delicately watering plants with a watering can. It also lifted a half-ton grand piano without any issues. The Tesla Bot Optimus is a conceptual general-purpose robotic humanoid Hyundai said it is shifting its business focus toward smart mobility from brick-and-mortar carmaking, choosing robotics as one of its key growth engines, alongside electric vehicles and hydrogen fuel cell cars. Chairman Chung Euisun said last year that robotics will account for 20% of its future business , with automobiles making up half of its sales, followed by UAM at 30%. He said Boston Dynamics has no plans to enter the defense industry as it won’t weaponize robots. Write to Hyung-Kyu Kim and Il-Gue kim at khk@hankyung.com In-Soo Nam edited this article. 2 Min read 2 Min read 1 Min read 2 Min read

Boston Dynamics Frequently Asked Questions (FAQ)

  • When was Boston Dynamics founded?

    Boston Dynamics was founded in 1992.

  • Where is Boston Dynamics's headquarters?

    Boston Dynamics's headquarters is located at 78 Fourth Avenue, Waltham.

  • What is Boston Dynamics's latest funding round?

    Boston Dynamics's latest funding round is Corporate Majority.

  • How much did Boston Dynamics raise?

    Boston Dynamics raised a total of $69M.

  • Who are the investors of Boston Dynamics?

    Investors of Boston Dynamics include Hyundai Motor Company, SoftBank Group, Google, U.S. Department of Defense and MIT CSAIL .

  • Who are Boston Dynamics's competitors?

    Competitors of Boston Dynamics include Soft Robotics, Pickle Robot, Attabotics, Ambi Robotics, Alert Innovation, AutoGuide, OnRobot, Multiway, Geek+, Berkshire Grey and 54 more.

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