Mujin, involved in high-tech Japanese robotics for manufacturing, logistics, and supply chain operations, successfully raised $85 million in its Series C funding round on 5 September, with venture capitalists and Accenture as investors.
With this fresh infusion of capital, Mujin aims to use the fresh capital to advance automation and enhance the accessibility of its intelligent robotics platform, the MujinController, to integrators and end users.
Mujin has been around for 12 years and has been collaborating with Accenture since 2019 on practical industry applications for AI and robotics. 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.
This means it can transform industrial robots from any manufacturer into intelligent machines capable of automating a wide variety of applications across manufacturing and logistics, with plans to add more applications in the future.
Mujin added that the groundbreaking advancement has enabled the company to solve some of the toughest automation applications in manufacturing and logistics environments today. These include solving 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.
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.”
Mujin’s recent funding round was led by SBI Investment based 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.
