Skip to content
Search AI Powered

Latest Stories

Mujin lands $85 million backing for its automation technology

Company will make its MujinController platform more accessible to integrators and end users

Mujin Lab 3.jpg

Intelligent automation provider Mujin today said it has collected $85 million in venture capital backing, providing fresh capital to enhance the accessibility of its MujinController platform to integrators and end users, empowering them to develop new automation applications.

The “series C” funding round was led by SBI Investment Co., Ltd. in Japan, along with Pegasus Tech Ventures from Silicon Valley, 7 Industries from the Netherlands, corporate investor Accenture, and the angel investor James Kuffner.


Mujin announced the funding about six months after the company launched a robotic truck unloading solution that the firm says can unload boxes from floor-loaded containers at a rate of 1,000 cases per hour. And the company says the core of its product line is its universal MujinController platform, which transforms industrial robots from any manufacturer into intelligent machines capable of automating a wide variety of applications across manufacturing and logistics.

“The MujinController introduces a unique approach to creating robotics applications, leveraging a real-time non-volatile digital twin and offering a suite of perception, planning, and control algorithms to digitize the real world and autonomously move robots and other industrial equipment through it,” Ross Diankov, Mujin’s co-founder, said in a release.

According to Mujin, its vision is centered on a commitment to eliminating mundane and hazardous tasks, opening up a world where workers can unleash their true potential and focus on more meaningful endeavors, while the firm’s platform continues to drive efficiency and productivity.

 

 

Recent

More Stories

undersea fiberoptic cable

U.S., U.K., and Australia boost supply chain defenses

The U.S., U.K., and Australia will strengthen supply chain resiliency by sharing data and taking joint actions under the terms of a pact signed last week, the three nations said.

The agreement creates a “Supply Chain Resilience Cooperation Group” designed to build resilience in priority supply chains and to enhance the members’ mutual ability to identify and address risks, threats, and disruptions, according to the U.K.’s Department for Business and Trade.

Keep ReadingShow less

Featured

port managers counting shipping containers

Oracle says AI drives “smart and responsive supply chains”

Artificial intelligence (AI) tools can help users build “smart and responsive supply chains” by increasing workforce productivity, expanding visibility, accelerating processes, and prioritizing the next best action to drive results, according to business software vendor Oracle.

To help reach that goal, the Texas company last week released software upgrades including user experience (UX) enhancements to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) suite.

Keep ReadingShow less
e-commerce order fulfillment platform software

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less
Earth globe with location pins

CMA CGM offers awards for top startups

Some of the the most promising startup firms in maritime transport, logistics, and media will soon be named in an international competition launched today by maritime freight carrier CMA CGM.

Entrepreneurs worldwide in those three sectors have until October 15 to apply via CMA CGM’s ZEBOX website. Winners will receive funding, media exposure through CMA Media, tailored support, and collaboration opportunities with the CMA CGM Group on strategic projects.

Keep ReadingShow less
Hurricane Francine threatens supply chains

Hurricane Francine threatens supply chains

Businesses were preparing to deal with the effects of the latest major storm of the 2024 hurricane season as Francine barreled toward the Gulf Coast Wednesday.

Louisiana was experiencing heavy rain and wind gusts at midday as the storm moved northeast through the Gulf and was expected to pick up speed. The state will bear the brunt of Francine’s wind, rain, and storm damage, according to forecasters at weather service provider AccuWeather.

Keep ReadingShow less