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Mujin Secures $85 Million In Series C Funding To Accelerate Adoption Of Intelligent Robotic Automation

Sep 05, 2023•almost 2 years ago

Amount Raised

$85 Million

Round Type

series c

SuwaneeSensorIndustrial AutomationRoboticsArtificial IntelligenceManufacturingInformation TechnologySoftware

Investors

Dr. James KuffnerAccenture7 IndustriesPegasus Tech VenturesSbi Investment Co.

Description

Mujin, a leader in intelligent robotics for manufacturing, logistics, and supply chain operations, has successfully raised $85 million in its Series C funding round, reflecting the company’s 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

Company Information

Company

Mujin

Location

Suwanee, Georgia, United States

About

Mujin offers the complete robotic solution. Our core technology is the Mujin Controller, which manages any robotic application by controlling the movement of any robot arm via artificial intelligence and autonomous motion planning. This allows our end users to define the application and choose the best robot arm for the job. The Mujin Controller makes every robot more capable, efficient, and reliable. Our motion planning algorithm is one-of-a-kind and allows robots to perform practically any application with the most efficient path. To create the full solution, we combine state-of-the-art vision systems with highly versatile end of arm tooling to manage the variability of any application. We have standard products for standard applications and custom solutions to solve any application.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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