Boston Dynamics Acquisition, Valuation, Funding & Investors

Boston Dynamics was acquired by Hyundai for $1.1B in December 2020.

Boston Dynamics acquisition price

$1.1B

Acquired by Hyundai ยท Dec 2020

Cumulative funding Boston Dynamics raised

$37M

across 1 funding round

Key investors in Boston Dynamics

Boston Dynamics Overview

About Boston Dynamics

Boston Dynamics is a Waltham, Massachusetts-headquartered robotics company developing advanced mobile robots for industrial, logistics, and defense applications. Spun off from MIT in 1992, it produces Spot for inspection in hazardous environments, Stretch for warehouse palletization handling up to 800-pound boxes, and Atlas for dynamic humanoid manipulation. The firm has secured contracts with organizations including the U.S. military branches, DARPA, and Hyundai, which acquired it in 2021. Boston Dynamics also offers software like Spot's payload ecosystem for sensors and manipulators, enabling autonomy in construction sites, factories, and energy facilities worldwide.


Founded

1992

HQ

United StatesBoston, MA

Status

Acquired

Customer focus

B2B & B2G

Revenue model

Product sales

Valuation

$1.1B (acquired Dec 2020)

Boston Dynamics Acquisition

Boston Dynamics was acquired by Hyundai for $1.1B on 9 December 2020.

Before the acquisition Boston Dynamics had raised $37M across 1 funding round.

Boston Dynamics acquisition details
AcquirerDateTypePrice
9 Dec 2020Strategic M&A$1.1B

Boston Dynamics Funding History

Boston Dynamics has raised a total of $37M across 1 funding round.

Boston Dynamics funding rounds

Boston Dynamics funding rounds
DateStageInvestorsRaised
Feb 2019Undisclosed stageSoftBank Group (lead)$37M

Who has invested in Boston Dynamics?

1 investor has backed Boston Dynamics across its funding rounds, including SoftBank Group.

Lead investors include SoftBank Group.


Boston Dynamics Investors

Investors in Boston Dynamics by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Boston Dynamics

Boston Dynamics has acquired 1 company to date.

Last acquisition by Boston Dynamics was on April 2nd 2019. Boston Dynamics acquired Kinema Systems for undisclosed valuation.


Latest Acquisitions by Boston Dynamics

Kinema Systems
Description
Kinema Systems is a Silicon Valley robotics firm developing advanced manipulation software for industrial automation. Its debut product, Kinema Pick, performs self-training and self-calibrating depalletizing on multi-SKU, single-SKU, and random pallets, streamlining warehouse operations.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date2 Apr 2019
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Boston Dynamics Competitors

Boston Dynamics competitors include listed companies like UBtech Robotics and Kodiak AI, and private ones like Roark Aerospace, Sharpa, Performance Drone Works and Forterra.

Public and private companies comparable to Boston Dynamics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Roark AerospaceUnited KingdomLondonPrivate--$1.8B-
SharpaSingaporeSingaporePrivate--$3.3B-
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Performance Drone WorksUnited StatesUnited StatesPrivate--$1.2B-
ForterraUnited StatesWashington, DCPrivate-$82M$1B-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x

Boston Dynamics Public Comps

Boston Dynamics is no longer listed, but its public comps include AEVEX, Braiin, Xtend AI Robotics, Extreme Vision, SEER Robotics, Cidi, Eacon Group, Kodiak AI, Huayan Robotics and RoboStrategy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AEVEX$433M$30M5.2x3.5x74.9x25.6x
Braiin$73M($15M)15.8x13.0x(76.1x)89.6x
Xtend AI Robotics$20M($27M)64.2x-(47.5x)-
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
SEER Robotics$66M($6M)13.2x-(156.2x)-
Cidi$132M($155M)8.8x5.0x(7.5x)(22.7x)
Eacon Group$214M($33M)6.6x-(42.5x)-
Kodiak AI$4M($577M)233.9x98.7x(1.5x)(6.6x)

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Common questions about Boston Dynamics

When was Boston Dynamics founded?Boston Dynamics was founded in 1992.
Where is Boston Dynamics headquartered?Boston Dynamics is headquartered in Boston, MA, United States.
Is Boston Dynamics publicly listed?No, Boston Dynamics was acquired by Hyundai in December 2020.
Who acquired Boston Dynamics?Boston Dynamics was acquired by Hyundai in December 2020.
How much was Boston Dynamics acquired for?Boston Dynamics was acquired for $1.1B in December 2020.
How much funding has Boston Dynamics raised?Boston Dynamics has raised $37M across 1 funding round.
What was Boston Dynamics' last funding round?Boston Dynamics' last funding round was a $37M undisclosed-stage round in February 2019, led by SoftBank Group.
Who are Boston Dynamics' investors?Boston Dynamics' investors include SoftBank Group.
Which companies are comparable to Boston Dynamics?Companies comparable to Boston Dynamics include Roark Aerospace, Sharpa, UBtech Robotics, Performance Drone Works, Forterra and Kodiak AI.
How many companies has Boston Dynamics acquired?Boston Dynamics has acquired 1 company, including Kinema Systems.

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