Boston Dynamics, a Google owned robotic company, has finally been sold to SoftBank for an undisclosed price after being on sale for over a year. Boston Dynamics is famous for making robots such as human like Atlas; animal based BigDog, Spot and Wildcat, a jumping Sand Flea and Handle. The deal also included less known robotics company called Schaft that focuses on robots that walk on two legs. This investment is in line with Softbank’s expectation for the field of robotics that is recently being turbocharged with developments in Artificial Intelligence (AI). Softbank is headed by founder and CEO, Masayoshi Son, who is a billionaire himself and is committed to invest billions of dollars into new technologies that focuses on areas such as robotics and artificial intelligence.
According to Masayoshi Son:
“Today, there are many issues we still cannot solve by ourselves with human capabilities. Smart robotics are going to be a key drivers of the next stage of the Information Revolution, and [founder] Marc and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots.
“I am thrilled to welcome them to the SoftBank family and look forward to supporting them as they continue to advance the field of robotics and explore applications that can help make life easier, safer and more fulfilling.”
About SoftBank Group
SoftBank Group Corp. is a Japanese multinational telecommunications and Internet corporation established on September 3, 1981, and headquartered in Tokyo, Japan.
It has interests in broadband, fixed-line telecommunications, e-commerce, Internet, technology services, finance, media and marketing, semiconductor design, and other businesses.
SoftBank operates SoftBank Mobile in Japan, owns Sprint Corp. in the U.S., holds stakes in Chinese e-commerce Alibaba Group Holding Ltd. and Japanese internet portal Yahoo Japan Corp and owns ARM Holdings PLC.