Rivian AI Robotics Spinout Mind Robotics Closes $400 Million Funding Round

May 14, 2026

Mind Robotics, an AI robotics spinout from Rivian Automotive, closed a $400 million funding round in May 2026 at a $3.4 billion valuation, up from $2 billion in its March 2026 Series A. Kleiner Perkins led the round with participation from Volkswagen and Salesforce venture arms. Rivian shares rose 4.2% on May 13, 2026 following the announcement. Mind Robotics develops AI models and specialized robots for manufacturing, using Rivian's factories as training grounds.

Mind Robotics funding round

▪Mind Robotics closed a $400 million funding round in May 2026.
▪Mind Robotics was valued at $3.4 billion in its May 2026 funding round.
▪Mind Robotics commanded a $2 billion valuation during its Series A in March 2026.

Rivian stock movement

▪Rivian Automotive Inc shares rose 4.2% on May 13, 2026.
▪Rivian Automotive Inc shares rose following Mind Robotics' $400 million funding round closure.

Mind Robotics business model

▪Mind Robotics uses Rivian's own factories as a training ground for its systems.
▪Mind Robotics is a spinout from Rivian Automotive Inc.
▪RJ Scaringe serves as chairman of Mind Robotics.
▪Mind Robotics develops AI models and specialized robots for manufacturing environments.
▪RJ Scaringe is CEO of Rivian Automotive Inc.
▪Mind Robotics is an artificial intelligence-driven industrial robotics company.

Investor participation

▪Kleiner Perkins led Mind Robotics' May 2026 funding round.
▪Rivian Automotive Inc retains a stake in Mind Robotics.
▪The venture arm of Volkswagen participated in Mind Robotics' May 2026 funding round.