Overview
- Mind Robotics raised $400 million in a round led by Kleiner Perkins, valuing the Rivian spinoff at about $3.4 billion and lifting its total funding to just over $1 billion in roughly six months.
- The round brought in new investors Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital and Garuda Ventures, alongside returning backers Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures and Greenoaks.
- The company has now completed three raises since launching in late 2025, starting with a $115 million seed, followed by a $500 million Series A in March, then this latest $400 million financing.
- Founder RJ Scaringe says the platform pairs a factory-trained foundation AI model with custom-built robots to handle variable work that fixed-motion industrial arms struggle to do reliably.
- Leadership casts the effort as a way to relieve U.S. factory labor shortages and favors a range of robot designs over a humanoid-only approach popularized by Tesla’s Optimus.