Pegasus Tech Ventures, a global venture capital firm based in Silicon Valley, has recently invested $25 million in Mujin, Inc., a Tokyo-based robotics company. The Series C funding round, which raised a total of $85 million, was also led by SBI Investment Co., Ltd. and included participation from other investors such as Accenture Japan Ltd., 7 Industries, and Dr. James J. Kuffner, Jr., a renowned roboticist from Carnegie Mellon.
Mujin has made significant advancements in the field of robotic intelligence with its flagship product, the MujinController. This technology allows standard industrial robots to become intelligent machines capable of automating various manufacturing and logistics processes, leading to faster and more efficient automation. The company has already established itself as the fastest growing robotics company in Japan and currently supports over 1,000 systems in production.
With this new investment, Mujin aims to accelerate its expansion in the US market while continuing to grow its business in Japan and other regions. Mujin’s vision is to revolutionize industries by driving efficiency and productivity through automation. By eliminating mundane and hazardous tasks, the company envisions a future where workers can focus on more valuable and meaningful work.
Pegasus Tech Ventures recognized Mujin’s unique approach to robotic intelligence and its potential to transform the automation industry. As Mujin embarks on its next phase of growth and innovation, the company remains committed to delivering cutting-edge automation solutions that drive operational efficiency worldwide.
Source: PR Newswire, Pegasus Tech Ventures, Mujin Inc.