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Home/News Feed/Rivian's AI robotics spinout Mind Robotics raises $400M, boosting valuation to $3.4B
RIVN
$17.83
+$0.03 +0.17%

Rivian's AI robotics spinout Mind Robotics raises $400M, boosting valuation to $3.4B

Market News
13 May 2026
Proactive Investors
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Bullish
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Rivian Automotive's spinout, Mind Robotics, secured $400 million in a funding round led by Kleiner Perkins, with participation from Volkswagen and Salesforce venture arms. This investment raised Mind Robotics' valuation to $3.4 billion, up from $2 billion in March. The company develops AI-driven industrial robots, using Rivian's factories to train its systems. Rivian retains a stake, and CEO RJ Scaringe is chairman of Mind Robotics, highlighting the strategic importance of AI robotics for Rivian's manufacturing future.

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