Robot software developer Mujin has raised $85m in funding

Mujin, a startup that develops artificial intelligence-based software for industrial automation, has raised $85 million in Series C funding.

Here's What We Know

SBI Investment participated in the funding round, along with Pegasus Tech Ventures and Accenture. In total, the company raised $150 million.

Mujin was founded in 2011. The company created the MujinController platform, which enables the deployment and automation of various applications for industrial robots in manufacturing and logistics.

The platform is designed for picking and palletising/depalletising e-commerce goods. Earlier this year, the company unveiled a cargo bot that can unload trailers and shipping containers.

Japanese logistics company Paltac has automated the manual palletising process with Mujin Pack. The startup claims this has doubled productivity and reduced Paltac's labour costs by around 90%.

MujinController currently supports more than 1,000 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 proceeds to expand its product portfolio as well as its global expansion to reach new markets and customers around the world.

The company has offices in the US, Japan and China with over 300 employees.

Source: TechCrunch