Hyundai bought Boston Dynamics for 1.1 billion

Hyundai bought it by SoftBank Group in a $ 1,1 billion deal.

It was announced today μετά από φήμες που άρχισαν να κυκλοφορούν για πρώτη φορά τον Νοέμβριο. Η Hyundai Motor Group ανακοίνωσε ότι υπάρχει συμφωνία απόκτησης ενός ποσοστού ελέγχου της τάξης του 80% στην Boston , while 20% will be held by SoftBank through one of its subsidiaries.

No financial terms were released beyond Boston Dynamics' $ 1,1 billion valuation.

Hyundai says the deal "will mark another milestone in its strategy to become a smart vehicle solution provider" and complement existing investments in eco-vehicles, smart factories - otherwise known as Industry 4.0 - artificial intelligence (AI) and robotics.

Founded in 1992, Boston Dynamics focuses on advanced robotic designs suitable for commercial applications. In particular, the works on robotics suitable for hazardous environments, creating with high levels of dexterity and mobility.

Hyundai says Boston Dynamics has tremendous growth potential and its portfolio contains “multiple core ” that interest the car group. Specifically, technologies related to "perception, navigation and intelligence" are noted

Boston Dynamics is headquartered in Boston and Silicon Valley, which is also a factor in the acquisition of the company by Hyundai.

iGuRu.gr The Best Technology Site in Greecefgns

every publication, directly to your inbox

Join the 285 registrants.

Written by giorgos

George still wonders what he's doing here ...

Leave a reply

Your email address is not published. Required fields are mentioned with *

Your message will not be published if:
1. Contains insulting, defamatory, racist, offensive or inappropriate comments.
2. Causes harm to minors.
3. It interferes with the privacy and individual and social rights of other users.
4. Advertises products or services or websites.
5. Contains personal information (address, phone, etc.).