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Japan’s fastest-growing intelligent robotics company, Mujin, secures capital to pave the way for a new era of robotic automation
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TOKYO and ATLANTA — September 5, 2023 — 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.
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Innovative Robotic Technology
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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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The MujinController Unlocks a New World of Possibilities
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Future Vision
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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.
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SBI Investment Co, Ltd.: “We have always wanted to support such companies that can compete and win in the world. Mujin is the company which made us feel we had found such a company. We are very proud to be working with Mujin, a company that represents Japanese high-end technology, and we will do everything we can to support the company so that it can become a world-class company.”
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Pegasus Tech Ventures: Anis Uzzaman, Founder and CEO of Pegasus Tech Ventures, expressed his enthusiasm for Mujin’s future potential. “Mujin has developed a platform technology that enables companies to develop and deploy automation solutions that were previously not possible,” said Uzzaman. “As a result, Mujin has been able to race ahead of the competition and deliver results that others cannot. We look forward to helping Mujin accelerate their growth in the U.S. market.”
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Accenture: Mr. Atsushi Egawa, representative director and president, Accenture Japan Ltd., said, “Accenture has been collaborating with Mujin since 2019 on reinventing the logistics and manufacturing industries with AI and robotics. Mujin is world-renowned for its robotics technology and an integral part of the transformation efforts in these industries globally. Together, we will continue to help our logistics and manufacturing clients drive value from hyper-automation and data-driven management.”
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7-Industries: “Mujin is the global leading cutting-edge Robotics company, deploying autonomous robots for years, and we are looking forward to supporting Mujin in shaping the future of industrial automation.”
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About Mujin
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Mujin, a robotics technology company, develops Machine Intelligence for robot controllers that are designed as a common platform for industrial and collaborative robots specializing in logistics and other pick-and-place applications. Launched in Tokyo in 2011 with offices in China and in the U.S., Mujin works with many of the world’s largest companies to make material handling applications easier to deploy, more accurate and less costly. The company’s flagship product, the MujinController, uses Machine Intelligence technology to give robotic systems real-time decision-making ability that enables truly autonomous, reliable, and production-capable robot applications.
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