Showing posts with the label Business

Mujin CEO, Issei, was a special lecturer at the University of Tokyo

Issei was a special lecturer at a class called "Entrepreneur Dojo" at the University of Tokyo (Todai), where students could learn more about entrepreneurship and startups. The lecture was done online due to COVID-19. 
Based on the experience of running his own company, Issei talked to more than 400 students about the history of starting a business and how to make a strategy. 
The importance of company management1. A sense of stabilityThere are always risks associated with new businesses. A common cause of a venture’s failure is the failure of the relationships between founders. When Issei agreed to start a business together with Rosen, the co-founder of Mujin, instead of thinking "Rosen will succeed", Issei was confident that "If Rosen fails, he is strong enough to start from the beginning"  (Mujin Story: Meet Mujin founders). 
Although they sometimes fight, the two founders of Mujin can proceed business without worry as they have to trust each other. 
Mujin …

Global Partnership Agreement with Fast Retailing - Supply Chain Reformation -

Mujin and Fast Retailing, a leading Japanese retail holding company, concluded strategic global partnership in supply chain on November 13, 2019. With this partnership, we will contribute to accelerate warehousing automation worldwide to realize Fast Retailing’s Supply Chain Reformation.
[Global Partnership] Apparel picking automation is challenging because of the nature and variety of items. Working with Fast Retailing, we develop and internationally deploy picking robots for apparel employing Motion Planning AI. Mujin has been collaborating with Fast Retailing, and we have already started to work on one international facility automation, and will expand further.

Robotics is the future

Will robots change our lives in the future?
It's a funny question to ask when they're already changing our lives now in so many ways and they have been for years. From the first time I saw a subway  driving by itself, I've accepted that machines can be trusted to do casual things for us. Robotics are no longer a subject of science fiction novels, movies, and TV shows. And here, in Mujin, we have a chance to be in the front-line for the future changes!
When was your last time you purchase something online? Me, this weekend, I have automatic water delivery. Very convenient because it’s same price as at the shop, choice is much bigger, and the delivery is coming right to your apartment which is very important for women and disabled persons. The future is already here, and in Mujin we continually making it happen. For example, to get your delivery on the next morning cannot be possible without automation. And here Mujin solutions step in. Mujin is the only company offering a wi…

Prime Minister's Office of Japan made a movie about Mujin

The Government of Japan introduced Mujin on their website as one of the representing innovations from Japan.
The explanation of Mujin's technology, its social significance, and the founders' ideas and aspirations are concisely explained making it very easy to comprehend.
A Japanese start-up has overturned conventional norms about industrial robots, using motion planning AI. The controlling device developed by Mujin Inc. enables picking robots to independently calculate their movements without time-consuming programming by human.
Their technology is transforming manufacturing and distribution sites, shifting strenuous labor to robots and allowing people to focus on more creative tasks.
Please take a look!

News Release: Accenture and Mujin Collaborate to Help Clients Accelerate Digital Transformation in the Logistics Industry

Mujin and Accenture have announced to work together to deliver end-to-end intelligent service in the logistics industry.

For details, please read the news release below.

Mujin completes MBO from UTEC led by two founders and secures 7.5 billion yen in financing

Mujin, Inc. completed its MBO, management buyout*, on February 14, 2019, led by the company’s two founders, Issei Takino and Rosen Diankov, who acquired the entire equity stake in Mujin held by The University of Tokyo Edge Capital Co., Ltd. ,“UTEC”. In a separate transaction, on February 13, 2019, Mujin secured ¥ 7.5 billion in financing in the form of a special overdraft agreement with Sumitomo Mitsui Banking Corporation ,“SMBC”. *Management Buyout (MBO) is an M&A method used by the management of a company to take management control of the company by buying some or all of the outstanding shares of the company.
<MBO by the founders> The Mujin management team has long believed that having a decision-making structure with long-term perspectives is critical in creating successful robotics technologies for industries around the world. For this reason, the team has been exploring ways for creating a secure and solid management structure. UTEC, in support of this vision, agreed to se…

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