Rivian spin-out Mind Robotics raises $500M to build AI-powered industrial robots, not cartwheelers
Mind Robotics, spun out of electric vehicle maker Rivian, has raised $500 million in Series A funding co-led by Accel and Andreessen Horowitz, reaching a $2 billion valuation. Founded by Rivian CEO RJ Scaringe, the startup is building AI-powered industrial robots with human-like dexterity for complex manufacturing tasks, deliberately avoiding the humanoid robot hype.