Fundraising Fox

Mind Robotics

Unicorn · $3.4B

12 known investors

mindrobotics.com

Rivian spin-out building AI foundation models, purpose-built robots, and deployment infrastructure for factory automation.

Also known as Mind · Mind Robotics Inc.

Investors · 12

Also in the syndicate · 3

A-Star CapitalIncharge CapitalMeritech Capital

Funding

SEC filings, press & company announcements

$400M disclosed across 1 of 5 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$3.4BvaluationMay 2026
filing ↗
$2Bvaluation at Series AMar 2026
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Mind Robotics Inc. is an American industrial robotics company headquartered in Palo Alto, California, that develops artificial intelligence-enabled robotic systems for industrial and manufacturing applications. It describes itself as building a full-stack platform consisting of foundation models, purpose-built robotics hardware, and deployment infrastructure intended to automate industrial and manufacturing tasks at scale. Its stated focus is on tasks requiring dexterity, adaptation, and physical reasoning — including assembly and material handling — that the company says conventional industrial robotics, which handles repeatable and dimensionally stable work, cannot address.

The company positions its work within the category commonly described as "physical AI," applying machine learning to real-world robotic tasks and using data from live industrial processes to train and refine its models. Public reporting notes that the company has stated it is not building single-task machines but a platform intended to generalize across core tasks and scale across manufacturing domains. As of the March 2026 coverage, the company's website did not yet show images of its robots.

Mind Robotics was spun out of electric vehicle maker Rivian in November 2025 and was founded by Rivian CEO and founder RJ Scaringe, who serves as chairman. Rivian retains an ownership stake and a strategic relationship with the company, and Rivian's factories serve as the primary testing and initial deployment environment as well as a source of production and factory sensor data.

Founding story

The company originated from internal Rivian research efforts applying software and automation technologies to manufacturing, and was spun out of Rivian in November 2025. RJ Scaringe, Rivian's founder and CEO, co-founded Mind Robotics and serves as its chairman. Press materials accompanying the Series A stated the company was founded to address a structural gap in existing industrial automation: classical robotics can perform repeatable, dimensionally stable tasks, but much factory value-add work requires human-like dexterity, adaptation, and physical reasoning. Mind Robotics is the second company Rivian spun out in 2025; the first was Also, an electric mobility company.

Business model

Mind Robotics develops and deploys AI-powered robotic systems into manufacturing environments, beginning with a first customer and strategic shareholder, Rivian, whose high-volume production facilities supply training data and serve as a deployment venue. Sources do not describe pricing or contract structures.

Traction

Rivian is the first customer and a key partner and shareholder, providing production environments for model training and deployment. The company describes a rapidly growing team with expertise across AI, robotics, and industrial manufacturing. Total funding exceeded $1 billion within roughly a year of founding.

Latest developments

In May 2026 the company raised $400 million in a round led by Kleiner Perkins with participation from new investors Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital, and Garuda Ventures, and existing investors Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures, and Greenoaks. The round valued the company at $3.4 billion and brought total investment past $1 billion, with proceeds earmarked for expanding deployment of its robots in manufacturing environments.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Reported as a highly valued entrant in AI-powered industrial automation, with a reported valuation of roughly $2 billion at its March 2026 Series A and $3.4 billion in May 2026. Coverage places it among a group of physical AI companies raising capital, alongside Vention, RLWRLD, and ZaiNar.

Distinctive access to a live, high-volume manufacturing environment through Rivian, which supplies production data and deployment sites; a full-stack approach spanning foundation models, hardware, and deployment infrastructure; and a stated focus on conventional factory robot form factors rather than humanoids.

Technology

The company builds foundation AI models for robotics, purpose-built robot hardware, and deployment infrastructure, integrating machine learning with industrial hardware to automate dexterous, variable, and reasoning-intensive tasks such as assembly and material handling. Data from Rivian's production systems and factory sensors feeds a "data flywheel" used to train and iterate on models during deployment. The company has said it is pursuing more traditional factory robot designs rather than humanoid robots, with Scaringe stating that "doing cartwheels does not create value in manufacturing." Rivian has separately developed custom silicon for autonomous vehicle software, and Scaringe has suggested it could potentially be sold to Mind Robotics as a robotics processor.

Go-to-market

The company is starting with deployments inside Rivian's manufacturing facilities, which function as both a training-data source and an initial proving ground, with the stated intent to scale deployments more broadly across industrial and manufacturing settings. Scaringe told The Wall Street Journal that the company would have a large number of robots deployed by the end of 2026.

Industrial and manufacturing operators; Rivian is the first customer, with the platform intended to scale across manufacturing domains.

Geography

Headquartered in Palo Alto, California, United States, with deployments in Rivian-operated manufacturing facilities.

History

Founded in 2025 and spun out of Rivian in November 2025, the company raised approximately $115 million in seed funding led by Eclipse in late 2025. In March 2026 it announced a $500 million Series A co-led by Accel and Andreessen Horowitz at a valuation reported at around $2 billion. In May 2026 it raised a further $400 million in a round led by Kleiner Perkins, at a reported valuation of $3.4 billion, bringing total funding to more than $1 billion in less than a year.

Risks & controversies

Sources note the company's website did not yet display images of its robots as of the March 2026 coverage, and the business remains at an early, pre-scale deployment stage with heavy dependence on Rivian as first customer, shareholder, data source, and deployment environment.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Total funding raisedMay 2026$1B
ValuationMay 2026$3.4B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
May 2026
$400M round led by Kleiner Perkins at $3.4B valuation

Raised $400 million led by Kleiner Perkins with new investors Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital and Garuda Ventures, plus existing backers; total funding surpassed $1 billion.

$400M source ↗

May 2026
Rivian named first customer, partner and shareholder

Rivian serves as first customer, key partner and shareholder, providing a live high-volume manufacturing environment and production data for model training and deployment.

source ↗

Mar 2026
$500M Series A co-led by Accel and Andreessen Horowitz

Series A round of $500 million co-led by Accel and Andreessen Horowitz, valuing the company at around $2 billion.

$500M source ↗

Nov 2025
Spun out of Rivian

Mind Robotics was spun out of electric vehicle maker Rivian in November 2025, with founder RJ Scaringe serving as chairman and Rivian retaining an ownership stake.

source ↗

Jan 2025
$115M seed round led by Eclipse

Seed financing of approximately $115 million led by Eclipse in late 2025.

$115M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Mind Robotics do?
Rivian spin-out building AI foundation models, purpose-built robots, and deployment infrastructure for factory automation.
Who are Mind Robotics's investors?
Mind Robotics's investors include Accel, Andreessen Horowitz, Bain Capital Ventures, Bessemer Venture Partners, Eclipse Ventures, Kleiner Perkins, Prysm Capital, Redpoint Ventures and 1 more.
How much funding has Mind Robotics raised?
Mind Robotics has disclosed $400M raised across 1 of its 5 known rounds.