SoftBank has recently acquired two robotics companies from Alphabet Inc.

SoftBank Group Corp. a Japanese multinational telecommunications and Internet company has acquired two robotics companies from Alphabet Inc. the parent company of Google. Boston Dynamics and Schaft were acquired by Alphabet Inc. in 2013 along with other nine robotics companies bought by the company. Boston Dynamics is an engineering and robotics company known for the development of BigDog, a dynamically stable quadruped robot.

SoftBank's CEO Masayoshi Son in a statement to TechCrunch said "Today, there are many issues we still cannot solve by ourselves with human capabilities". He added "Smart robotics are going to be a key driver of the next stage of the Information Revolution, and 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."

“We at Boston Dynamics are excited to be part of SoftBank’s bold vision and its position creating the next technology revolution, and we share SoftBank’s belief that advances in technology should be for the benefit of humanity,” said Marc Raibert, CEO and founder of Boston Dynamics, in a statement to Reuters. He added, “We look forward to working with SoftBank in our mission to push the boundaries of what advanced robots can do and to create useful applications in a smarter and more connected world.”

SoftBank acquired a chip designer company ARM Holdings for $32 bn in 2016 and has also acquired a US $4 billion stake in US chipmaker NVIDIA  in May this year.


Published Date: Jun 09, 2017 11:14 AM | Updated Date: Jun 09, 2017 11:14 AM