LG Innotek x Boston Dynamics

Camera modules, ToF sensors, and optical components for robot vision systems.. Headquarters: Seoul, South Korea. Status: private. Type: hardware.

One of the most iconic names in robotics, founded 1992 (MIT spinout) and acquired by Hyundai Motor Group in June 2021 at a ~$1.1 billion valuation. Best known for headline-grabbing demonstrations, its current humanoid is the all-electric [Atlas](/models/boston-dynamics-atlas) (a full redesign of the original hydraulic Atlas), now moving into commercial factory work with Hyundai. Its quadruped [Spot](/models/boston-dynamics-spot) is the company's established commercial success (industrial inspection, security, research), informing its robots-as-a-service pricing and field-support models. Deployments: the electric Atlas is being deployed into Hyundai's manufacturing operations (including the Georgia Metaplant Application Center), beginning with material-handling/evaluation tasks and progressing toward production-line work; software is developed with Hyundai operational data and a DeepMind partnership. Boston Dynamics has stated plans for up to 30,000 Atlas units per year by 2028 through Hyundai (a forward capacity plan, not current output). Atlas won Best Robot / Best of CES at CES 2026. Valuation note: following the CES 2026 Atlas demonstration, Boston Dynamics is undergoing a significant valuation re-rating: Korean securities firms have implied valuations of roughly $21-28 billion and bullish analysts have floated IPO targets of $85B+, but these are implied/speculative figures, not a confirmed raise or IPO. The company is widely noted as pre-commercial on humanoids (Atlas) even as Spot is commercially proven.