On December 2nd, Mujin announced that it had raised a total of 209 billion yen in a Series D round through a third-party allocation of shares, with NTT Group and the Qatar Investment Authority as co-lead investors, and Mitsubishi HC Capital Realty and Salesforce Ventures.
In addition, the company raised a total of 155 billion yen in debt from multiple banks and financial institutions, bringing the total amount raised in the first closing of its Series D round to 364 billion yen.
The company has developed the "MujinOS" integrated automation platform and is promoting automation and digital transformation (DX) in manufacturing and logistics sites worldwide through its unique physical AI and digital twin technology.
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This funding will allow us to position MujinOS at the core of our long-term growth strategy, expand our product lineup, and increase our market share.
Furthermore, by accelerating the digital twin transformation of the entire factory and logistics system using MujinOS, we aim for further global expansion, starting with Europe and the United States, where demand for automation is strong.
Furthermore, they aim to recruit world-class engineers from around the globe to create the next-generation robot platform.
Also on the same day, NTT, NTT Docomo Business, and Mujin announced a capital and business alliance. They revealed their intention to accelerate efforts toward process automation, IoT implementation, and physical AI implementation in the manufacturing and logistics sectors, and to create new value by combining NTT's advanced technology with Mujin's robot control technology.
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Specifically, they will develop and provide new robot automation solutions and DX solutions for manufacturing and logistics operations, leveraging the assets of both the NTT Group and Mujin, and will also jointly provide consulting and support services.
Mujin co-founder Kazuyuki Takino commented, "Based on this raised capital, we will commercialize the world-class industrial automation technology that we have cultivated over 14 years, and together with our partner strategy, we will accelerate our global expansion to solve social problems caused by labor shortages around the world."
NTT President and CEO Akira Shimada also stated, "Together with Mujin, we will advance the sophistication of AI and robots using our assets such as IOWN and computing infrastructure, and work to create new value that will contribute to solving social issues such as resolving labor shortages and improving productivity."
Mujin/AGV lineup expands to include 300kg compact and 1500kg heavy models.
