With this article, you can learn the answer to “How does Boston Dynamics make money?” Boston Dynamics is a robotics firm that was created in 1992 by a group of MIT and Carnegie Mellon educators. Today, it is owned by Hyundai Motor Company. Their primary role is as a research and development (R&D) firm concerned with improving robotic technologies. They progressed from developing animal-like four-legged robots to creating machines that would improve industrial safety and productivity. But how do they make money?
How does Boston Dynamics make money?
The Massachusetts Institute of Technology spawned Boston Dynamics. For the Training Systems Division at the Naval Air Warfare Center, the firm began developing interactive 3D computer simulations. As a result, Defense Advanced Research Projects Agency awarded Boston Dynamics many other military contracts (DARPA).
Over the next three decades, Boston Dynamics kept making groundbreaking robots. As a result, the company’s success skyrocketed over time, and it was acquired multiple times. The Hyundai Motor Group now owns the company, and it is expanding and making more robots all the time.
For nearly three decades, Boston Dynamics has invested heavily in R&D. Over that period, they have received backing from such as Google, SoftBank, Hyundai, and the United States Defense Advanced Research Projects Agency (DARPA).
The efforts put into R&D are finally bearing fruit. As opposed to creating terrifying robots like the BigDog or creepy robots like Asimo, they are currently best recognized for producing safety features and warehouse robots that unload stock. More and more businesses are stocking up on these advanced robots, and their capabilities continue to grow. They’ll spread throughout warehouses as forklifts have.
In 2020 or 2021, Hyundai Motor Group completed the purchase of Boston Dynamics. They spent $880m to acquire 80% ownership. This significant investment from a recognizable corporation brightens the future of robots.
Boston Dynamics inventions
Since the early 1990s, Boston Dynamics has been turning out high-quality robots. They have made incredible strides in all measurable areas over that time period. Here are Boston Dynamics’ contributions:
- Factory Safety Service Robot