Mujin plans to go public by 2030 to capture factory-use AI demand

Mujin, a Tokyo-based robotics software company founded in 2011 as a spin-off from the University of Tokyo, is targeting a public listing by 2030. The startup has become Japan’s highest-funded company in 2025 after raising $411 million, including a $233 million Series D round closed on December 2, 2025. The funding round included $133 million in equity from investors like NTT Group and Qatar Investment Authority, along with $100 million in debt financing. Other backers include Pegasus Tech Ventures, Accenture, and Mitsubishi HC Capital. Mujin’s core product, MujinOS, is a no-code platform designed for factory and warehouse automation, enabling manufacturers to deploy robotic systems for tasks such as palletizing, picking, motion planning, and fleet coordination without programming. The company’s long-term goal is to achieve fully autonomous robotics in factory environments by 2030. Secondary trading of Mujin’s shares is already active through pre-IPO platforms, signaling investor confidence in its growth potential. The company’s decision to pursue a traditional IPO, rather than alternative structures like tokenized equity, underscores its focus on fundamentals and conservative expansion. Investors are betting on industrial AI demand, with sovereign wealth funds and corporate backers aligning behind Mujin’s vision. The startup’s trajectory reflects broader trends in automation, positioning it as a key player in the next decade of factory robotics.