September 5, 2023 - Mujin announced that we have successfully raised $85 million in our Series C funding round, reflecting our 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, we aim to enhance the accessibility of our 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 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.
“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,” said Ross Diankov, Mujin’s co-founder. “We are excited to continue our journey toward perfecting the MujinController and getting it into everyone’s hands.”
Market Traction
Powered by cutting-edge machine intelligence technology, the MujinController is a groundbreaking advancement that has already enabled us to master some of the toughest applications in contemporary manufacturing and logistics environments. We’ve 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.
Our 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, we envision a world where workers can unleash their true potential and focus on more meaningful endeavors. As we embark on this new chapter of growth and innovation, we remain committed to delivering cutting-edge automation solutions that transform industries and drive operational efficiency worldwide.
About Mujin:
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.
Image Credit and Source: Mujin