Mujin, a startup developing artificial intelligence software for industrial automation, has raised $85 million in Series C funding.
What is known
The funding round involved SBI Investment, as well as Pegasus Tech Ventures and Accenture. The company raised $150 million in total.
Mujin was founded in 2011. The company created the MujinController platform, which enables the deployment and automation of various industrial robot applications in manufacturing and logistics.
The platform is designed for bundling and palletizing/depalletizing e-commerce products. Earlier this year, the company introduced a cargo bot that can unload trailers and shipping containers.
Japanese logistics company Paltac has automated its manual palletizing process with Mujin Pack. The startup claims this has resulted in a doubling of productivity and a reduction in Paltac’s labor costs by about 90%.
MujinController currently supports over 1000 systems in production. The platform is already being used by the startup’s strategic partners, including robot OEMs ABB, Fanuc, KUKA, Yaskawa, Universal Robots and Kawasaki.
Mujin plans to use the funds received to expand the product range, as well as to expand globally to expand coverage of new markets and customers around the world.
The company has offices in the US, Japan and China, employing more than 300 people.
Source: TechCrunch
2023-09-06 15:03:48
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