Mujin Secures $85 Million in Collection C Funding to Speed up Adoption of Clever Robotic Automat
TOKYO and ATLANTA — September 5, 2023 — Mujin, a pacesetter in clever robotics for manufacturing, logistics, and provide chain operations, has efficiently raised $85 million in its Collection C funding spherical, reflecting the corporate’s rise to market management. The funding spherical was led by SBI Funding Co., Ltd. in Japan, together with Pegasus Tech Ventures, a distinguished Silicon Valley enterprise capital agency, 7 Industries from the Netherlands, company investor Accenture, and famend angel investor Dr. James Kuffner. With this recent infusion of capital, Mujin goals to reinforce the accessibility of its revolutionary clever robotics platform, the MujinController, to integrators and finish customers, empowering them to develop new, superior automation functions and drive additional innovation.
Revolutionary Robotic Expertise
On the coronary heart of Mujin’s product line is the corporate’s common “MujinController” platform, which transforms industrial robots from any producer into clever machines able to automating all kinds of functions throughout manufacturing and logistics, with further functions to return sooner or later. The MujinController platform empowers customers to develop and deploy superior automation options quicker and at a decrease value, with extra correct, secure, and dependable efficiency. With over 12 years of market expertise, Mujin stands as a pioneer within the clever robotics realm, empowering consultants in industrial automation to unleash their creativity and craft revolutionary robotic functions.
Dr. Ross Diankov, Mujin’s cofounder mentioned: “The MujinController introduces a novel strategy to creating robotics functions, leveraging a real-time non-volatile digital twin and providing a set of notion, planning, and management algorithms to digitize the true world and autonomously transfer robots and different industrial tools via it. We’re excited to proceed our journey towards perfecting the MujinController and getting it into everybody’s arms.”
Market Traction
Powered by Mujin’s cutting-edge Machine Intelligence know-how, the MujinController is a groundbreaking development that has already enabled Mujin to grasp among the hardest functions in modern manufacturing and logistics environments. Mujin has solved palletizing and depalletizing for each single and combined SKU orders, exact selecting to streamline E-commerce order achievement, steel bin selecting for components within the automotive phase, unlocked truck trailer and container unloading, in addition to fast deployment of robotic cells.
Mujin’s mission is to allow integrators and finish customers to harness the complete potential of clever robotics, unlocking a variety of never-before-automated duties, elevating the outlook of commercial automation on a world scale.
Dr. Diankov’s advisor from his Ph.D. program at Carnegie Mellon College and now CEO of Woven by Toyota, James Kuffner, commented on the funding spherical, saying: “This Collection C funding is a major milestone for Mujin, an organization that has pioneered clever automation know-how since 2011. Mujin can speed up and broaden its supply of actually state-of-the-art superior industrial robotic options to prospects globally, strengthening its place because the know-how market chief.”
Future Imaginative and prescient
Mujin’s platform continues to drive effectivity and productiveness, reshaping industries and laying the inspiration for a future the place automation performs a pivotal function in all workplaces. With a powerful dedication to eliminating mundane and unsafe duties, Mujin envisions a world the place staff can unleash their true potential and concentrate on extra significant endeavors. As Mujin embarks on this new chapter of development and innovation, the corporate stays dedicated to delivering cutting-edge automation options that rework industries and drive operational effectivity worldwide.
Investor Feedback
SBI Funding Co, Ltd.: “We’ve all the time wished to assist such corporations that may compete and win on the planet. Mujin is the corporate which made us really feel we had discovered such an organization. We’re very proud to be working with Mujin, an organization that represents Japanese high-end know-how, and we’ll do every little thing we are able to to assist the corporate in order that it might grow to be a world-class firm.”
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 know-how that permits corporations to develop and deploy automation options that had been beforehand not attainable,” mentioned Uzzaman. “In consequence, Mujin has been in a position to race forward of the competitors and ship outcomes that others can not. We look ahead to serving to Mujin speed up their development within the U.S. market.”
Accenture: Mr. Atsushi Egawa, consultant director and president, Accenture Japan Ltd., mentioned, “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 know-how and an integral a part of the transformation efforts in these industries globally. Collectively, we’ll proceed to assist our logistics and manufacturing purchasers drive worth from hyper-automation and data-driven administration.”
7-Industries: “Mujin is the worldwide main cutting-edge Robotics firm, deploying autonomous robots for years, and we’re wanting ahead to supporting Mujin in shaping the way forward for industrial automation.”
