Mujin, a Tokyo- and Atlanta-based startup that develops AI-based software for industrial automation, has secured $85 million in Series C funding.

SaaS Investors 

The round was led by SBI Investment, with participation from Pegasus Tech Ventures and Accenture, among others. 

Founded in 1996, SBI Investment is a venture capital firm based in Tokyo, Japan, that prefers to invest in seed-stage, early-stage, and later-stage companies and offers Venture Capital as a Service (VCaaS) solutions to corporations.

Mujin Use of Funds

Mujin will use the proceeds for product expansion to develop advanced solutions and applications that cater to evolving market demands and for global expansion to extend its reach to new markets and customers across the globe.

About Mujin

Founded in 2011 by Ross Diankov and Issei Takino, Mujin has developed MujinController, a software platform that enables users to deploy and automate applications for industrial robots, making manufacturing and logistics more efficient. The platform is used by several robot manufacturers, including ABB, Fanuc, KUKA, Yaskawa, Universal Robots, and Kawasaki. The company has offices in the U.S., Japan, and China with over 300 employees.

Funding Details            

Company: Mujin, Corp.

Raised: $85.0M

Round: Series C

Funding Month: September 2023

Lead Investors: SBI Investment

Additional Investors: Pegasus Tech Ventures and Accenture

Company Website: https://mujin-corp.com/ 

Software Category: Robot Software

Source: https://techcrunch.com/2023/09/05/robot-software-firm-mujin-raises-85m/