Rivian spin-out Mind Robotics raises $500M for industrial AI-powered robots
By Sean O'Kane
Published on March 11, 2026.
Mind Robotics, an industrial robotics lab spun out of Rivian, has raised $500 million in a Series A funding round led by venture firms Accel and Andreessen Horowitz. The financing follows a $115 million seed round in late 2025, bringing Mind Robotics' total fundraising to $615 million. The company was created by Rivian CEO and founder RJ Scaringe and aims to use data from Rivian's electric vehicle factory to train industrial robots to be more dexterous and adaptable. The funding round brings Mind Robotics's valuation to around $2 billion. The firm plans to have large numbers of robots deployed by the end of this year.
Read Original Article