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

digital image of procurement and AI

Survey: 90% of procurement leaders to adopt AI agents in 2025

A whopping 90% of procurement leaders have considered or are already using AI agents to optimize operations in the year ahead, according to a survey from Icertis, a provider of artificial intelligence (AI)-powered contract intelligence tools.

That result came from the “2025 ProcureCon Chief Procurement Officer Report,” which was produced by Icertis in partnership with ProcureCon Insights.

Keep ReadingShow less

Featured

Jump Start 25 conference opens in Atlanta

Jump Start 25 conference opens in Atlanta

Artificial intelligence (AI) and the economy were hot topics on the opening day of SMC3 Jump Start 25, a less-than-truckload (LTL)-focused supply chain event taking place in Atlanta this week. The three-day event kicked off Monday morning to record attendance, with more than 700 people registered, according to conference planners.

The event opened with a keynote presentation from AI futurist Zack Kass, former head of go to market for OpenAI. He talked about the evolution of AI as well as real-world applications of the technology, furthering his mission to demystify AI and make it accessible and understandable to people everywhere. Kass is a speaker and consultant who works with businesses and governments around the world.

Keep ReadingShow less
trends in robotics

IFR: five trends will drive robot growth through 2025

As the global market value of industrial robot installations passes its all-time high of $16.5 billion, five trends will continue to drive its growth through 2025, according to a forecast from the International Federation of Robotics (IFR).

That is important because the increased use of robots has the potential to significantly reduce the impact of labor shortages in manufacturing, IFR said. That will happen when robots automate dirty, dull, dangerous or delicate tasks – such as visual quality inspection, hazardous painting, or heavy lifting—thus freeing up human workers to focus on more interesting and higher-value tasks.

Keep ReadingShow less
graphic of cargo in motion

Disruption events to global supply chains rose 38% over 2023

Overall disruptions to global supply chains in 2024 increased 38% from the previous year, thanks largely to the top five drivers of supply chain disruptions for the year: factory fires, labor disruption, business sale, leadership transition, and mergers & acquisitions, according to a study from Resilinc.

Factory fires maintained their position as the number one disruption for the sixth consecutive year, with 2,299 disruption alerts issued. Fortunately, this number is down 20% from the previous year and has declined 36% from the record high in 2022, according to California-based Resilinc, a provider of supply chain resiliency solutions.

Keep ReadingShow less
chart of cargo theft in 2024

Cargo theft activity set new highs in 2024

Cargo theft activity across the United States and Canada reached unprecedented levels in 2024, with 3,625 reported incidents representing a stark 27% increase from 2023, according to an annual analysis from CargoNet.

The estimated average value per theft also rose, reaching $202,364, up from $187,895 in 2023. And the increase was persistent, as each quarter of 2024 surpassed previous records set in 2023.

Keep ReadingShow less