Tokyo-based Mujin, the Japanese startup developing intelligent robotics solutions for industrial use, announced on Tuesday that it has secured 12.3 billion yen (over $83 million US) in a Series C round. Participating investors include SBI Investment, Pegasus Tech Ventures, Accenture, Dr. James Kuffner (robotics researcher, CEO of Toyota’s Wovn Planet Holdings), and 7-Industries Holdings. This follows the company’s Series B round back in August of 2014. The latest round brought their funding sum up to date to 20.5 billion yen (about $139 million).
Mujin was founded in 2011 by robotics scientist Rosen Diankov and grew out of the University of Tokyo. His team developed OpenRAVE, motion planning software for real robot applications, as well as Mujin Controller, software enabling simulate different robot motion patterns and optimize performance before full-scale operation. In 2012, the company secured 75 million yen (about $960,000 US in the exchange rate at the time) from the University of Tokyo Edge Capital (UTEC) and other investors in a Series A round.
In robotics operations, automation of complex processes has conventionally been considered difficult. However, Mujin Controller has given intelligence to robots, enabling them to adapt to changes in the environment. In addition to industrial robots, Mujin also provides large-scale automation solutions by linking robots with robot hands, AGVs (Automated Guided Vehicles), conveyors, and other devices.
The company will use the funds to invest in technology for intelligent robot controllers and 3D vision systems to achieve greater sophistication and multifunctionality. They also plan to launch new products such as mobile robots and devanning robots, provide total automation solutions, promote business expansion into the European market in addition to the US market where they already have presence.
via PR Times