Mujin secures $85 million in Series C funding

Mujin, a leader in intelligent robotics for manufacturing, logistics, and supply chain operations, has raised $85 million in its Series C funding round, the company announced today.

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 stated it aims to enhance the accessibility of its intelligent robotics platform, the MujinController, to integrators and end users, empowering them to develop new, advanced automation applications and drive further innovation.

At the heart of Mujin’s product line is the company’s universal “MujinController” platform. Mujin explains that platform 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.

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.”

Mujin has 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, the company added..

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.”