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Japan-based Mujin raised $85 million in Series C funding. The company hopes to use the fresh capital to enhance the accessibility of its MujinController to integrators and end users.
SBI Investment Co. Ltd, from Japan, led the funding round. The round also included participation from Pegasus Tech Ventures, a Silicon Valley venture capital firm, 7 Industries from the Netherlands, corporate investor Accenture, and renowned angel investor Dr. James Kuffner.
“This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011,” James Kuffner, CEO of Woven by Toyota, said. “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.”
The MujinController is at the heart of Mujin’s product line. The universal controller can transform industrial robots from any manufacturer into intelligent machines that can automate a variety of applications across manufacturing and logistics.
“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,” Ross Diankov, Mujin’s co-founder, said. “We are excited to continue our journey toward perfecting the MujinController and getting it into everyone’s hands.”
With the MujinController platform, users can develop and deploy advanced automation systems faster and at a lower cost than traditional methods. It also provides more accurate, safe, and reliable performance.
Currently, the controller works for 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, and the deployment of robot cells.
Mujin made its North American debut in 2021 when it opened its first office in North America. The office is located in Sandy Springs, Georgia, north of Atlanta. It will house the company’s expanding engineering, sales and support staff, including Mujin co-founder and Mujin Corp. CEO Ross Diankov.