Mind Robotics Raises $500 Million Series A, Valuing Rivian Spinout at About $2 Billion

Overview

• The round was co-led by Accel and Andreessen Horowitz and follows a $115 million seed in late 2025, bringing total funding to roughly $615 million.
• Accel partner Sameer Gandhi will join the board, with the deal expected to close later this month, according to Reuters.
• Founded by Rivian CEO RJ Scaringe, the company is building a full-stack platform of foundation models, purpose-built robots and deployment infrastructure to handle tasks requiring dexterity and adaptation.
• Scaringe says Mind Robotics will prioritize traditional factory robots rather than humanoid form factors and expects a large number of units in the field by the end of 2026.
• Rivian is a partner and major shareholder providing training data and an at-scale launch environment, and Scaringe has suggested Rivian’s custom chips could eventually power the robots as experts caution that scaling such systems remains challenging.