Rivian's Spinoff Company Raises $400 Million in New Funding

Mind Robotics, a company spun out of Rivian, has secured $400 million in new funding, just two months after raising $500 million. The funding round was led by Kleiner Perkins, with the venture arms of Volkswagen and Salesforce also contributing investments.

Rivian CEO's Vision for Industrial Robotics

RJ Scaringe, the CEO of Rivian and chairman of Mind Robotics, created the company to automate industrial work. He started the project, initially known as "Project Synapse," to build "robotics with human-like skills."

Mind Robotics' Previous Funding and Valuation

Mind Robotics had previously raised $115 million from Eclipse in 2025. The new funding round brings the total raised to over $1 billion, valuing the company at more than $3 billion, according to the Wall Street Journal.

Scaringe's Previous Ventures

RJ Scaringe also helped create and spin out a micromobility company called Also, which has raised over $300 million to date.

Mind Robotics aims to develop industrial robotics that can further automate factory operations, making it a key player in the industrial automation sector. As the company continues to raise funds and expand its capabilities, it will be interesting to see how it shapes the future of industrial robotics.