Japan’s fastest-growing intelligent robotics company, Mujin, secures capital to pave the way for a new era of robotic automation
Mujin, a leader in intelligent robotics for manufacturing, logistics, and supply chain operations, has successfully raised $85 million in its Series C funding round, reflecting the company’s rise to market leadership. The funding round was led by SBI Investment Co., Ltd. in Japan, along with Pegasus Tech Ventures, a prominent Silicon Valley venture capital firm, 7 Industries from the Netherlands, corporate investor Accenture, and renowned angel investor Dr. James Kuffner. With this fresh infusion of capital, Mujin aims to enhance the accessibility of its revolutionary intelligent robotics platform, the MujinController, to integrators and end users, empowering them to develop new, advanced automation applications and drive further innovation.
Innovative Robotic Technology
At the heart of Mujin’s product line is the company’s universal “MujinController” platform, which transforms industrial robots from any manufacturer into intelligent machines capable of automating a wide variety of applications across manufacturing and logistics, with additional applications to come in the future. The MujinController platform empowers users to develop and deploy advanced automation solutions faster and at a lower cost, with more accurate, safe, and reliable performance. With over 12 years of market experience, Mujin stands as a pioneer in the intelligent robotics realm, empowering experts in industrial automation to unleash their creativity and craft innovative robotic applications.
Dr. Ross Diankov, Mujin’s cofounder said: “The MujinController introduces a unique approach to creating robotics applications, leveraging a real-time non-volatile digital twin and offering a suite of perception, planning, and control algorithms to digitize the real world and autonomously move robots and other industrial equipment through it. We are excited to continue our journey toward perfecting the MujinController and getting it into everyone’s hands.”
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Market Traction
Powered by Mujin’s cutting-edge Machine Intelligence technology, the MujinController is a groundbreaking advancement that has already enabled Mujin to master some of the toughest applications in contemporary manufacturing and logistics environments. Mujin has solved palletizing and depalletizing for both single and mixed SKU orders, precise picking to streamline E-commerce order fulfillment, metal bin picking for parts in the automotive segment, unlocked truck trailer and container unloading, as well as quick deployment of robot cells.
Mujin’s mission is to enable integrators and end users to harness the full potential of intelligent robotics, unlocking a wide range of never-before-automated tasks, elevating the outlook of industrial automation on a global scale.
Dr. Diankov’s advisor from his Ph.D. program at Carnegie Mellon University and now CEO of Woven by Toyota, James Kuffner, commented on the funding round, saying: “This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011. Mujin can accelerate and expand its delivery of truly state-of-the-art advanced industrial robotic solutions to customers globally, strengthening its position as the technology market leader.”
Future Vision
Mujin’s platform continues to drive efficiency and productivity, reshaping industries and laying the foundation for a future where automation plays a pivotal role in all workplaces. With a strong commitment to eliminating mundane and hazardous tasks, Mujin envisions a world where workers can unleash their true potential and focus on more meaningful endeavors. As Mujin embarks on this new chapter of growth and innovation, the company remains committed to delivering cutting-edge automation solutions that transform industries and drive operational efficiency worldwide.
SOURCE: BusinessWire
