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

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