Mujin, a Tokyo, Japan-based robotics company, received a USD25M investment from Pegasus Tech Ventures.
Aside from Pegasus Tech Ventures, the Series C was led by SBI Investment Co., with participation from other investors including strategic investor Accenture Japan Ltd., as well as 7 Industries, and Dr. James J. Kuffner, Jr. In total, Mujin raised $85M in this round and $150M since the company was founded in 2011.
The company intends to use the funds to accelerate its growth within the U.S. and continue to expand the business in Japan and in other geographies.
Led by CEO Mujin is a robotics technology company that provides robot controllers improving the efficiency and cost-effectiveness of industrial and collaborative robots used to automate manufacturing and logistics tasks, such as pick-and-place applications. The flagship product, the MujinController, uses machine intelligence technology to give robotic systems real-time decision-making ability that enables autonomous, reliable, and production-capable robot applications.
To date, the MujinController supports more than 1,000 systems in production.
The company was launched in Tokyo in 2011 with additional offices in China and in the U.S.
FinSMEs
20/09/2023