Key facts
- Japanese robotics software firm Mujin plans to go public by 2030.
- The company is currently raising an extension to its Series D funding round.
- Mujin's Series D, completed in December 2025, raised $233 million.
- The company is valued at over $1 billion.
- Mujin develops AI-powered operating systems for factory and warehouse robots.
- Revenue is expected to double again this year.
Japanese robotics software developer Mujin is preparing for an initial public offering by 2030, aiming to capitalize on the increasing demand for artificial intelligence in factory automation. The company is currently raising an extension to its Series D funding round, which was initially completed in December 2025 for $233 million. This latest funding effort values Mujin at over $1 billion and is intended to provide sufficient capital until its IPO, with CEO Issei Takino expecting the business to achieve break-even before then. Mujin, founded in 2011, develops operating systems for robots, with its flagship product being MujinOS, a no-code platform designed for factory and warehouse automation. This software enables tasks such as palletizing, picking, motion planning, and fleet coordination without requiring users to write code. The company's technology allows robots to calculate collision-free motions in real-time, a significant advancement over pre-programmed positions. Mujin's customers, including major corporations like Toyota Motor Corp. and Fast Retailing Co., rely on the system's reliability, as failures can lead to costly damage. The company has seen its sales double in the last fiscal year due to the rising adoption of factory robots and expects revenue to double again this year. Mujin is backed by investors such as the Qatar Investment Authority, NTT Group, Pegasus Tech Ventures, Accenture, and Mitsubishi HC Capital. The startup is considering listing in New York if its valuation surpasses $3 billion, or domestically in Tokyo. Co-founder Rosen Diankov played a key role in developing the foundational robotic motion-planning framework, OpenRAVE, which underpins Mujin's autonomous control system.