Hyundai Just Bought Boston Dynamics, The World's Coolest Robot Company Dec 11, 2020 at 4:06pm ET ++ Hyundai wants to make humanoid robots for hospitals in the future. You might be familiar with Boston Dynamics as the creators of highly mobile, yet also vaguely creepy, robots (check out the video below for an example). In a surprising announcement, Hyundai Motor Group is acquiring a controlling stake of around 80 percent of the company. It's buying the shares from SoftBank Group, which retains about 20 percent ownership after this deal. The transaction gives Boston Dynamics a value of $1.1 billion. Going forward, Boston Dynamics will continue to work on the commercialization of advanced robots. Hyundai will use the company's innovations to improve autonomous vehicles like incorporating the bots' ability to perceive their environment and to navigate safely within it. The two businesses will also work together to develop robot component manufacturing and smart logistics solutions.