Rivian spin-out Mind Robotics raises $500M for industrial AI-powered robots

Mind Robotics, an industrial robotics startup spun out of Rivian by CEO RJ Scaringe, has raised $500M in a Series A round co-led by Accel and Andreessen Horowitz, bringing total funding to $615M and valuation to ~$2B. The company aims to use data from Rivian's EV factory to train AI-powered robots capable of human-like dexterity for manufacturing tasks. Unlike humanoid robot competitors, Mind Robotics focuses on traditional factory robot designs. Rivian's custom silicon chips may also be supplied to Mind Robotics in the future.