Rivian Spinout Mind Robotics Secures $500M Series A at $2B Valuation
Mind Robotics, spun out of Rivian by RJ Scaringe, raised $500 million in a Series A round co-led by Accel and Andreessen Horowitz at a $2 billion valuation. Accel partner Sameer Gandhi will join the board as Rivian remains a major shareholder supporting data-sharing and pilot deployments.
1. Series A Funding Details
Mind Robotics closed a $500 million Series A round co-led by Accel and Andreessen Horowitz, marking one of the largest early-stage financings for an industrial robotics firm. The round valued the startup at $2 billion and will close later this month with Accel partner Sameer Gandhi joining the board.
2. Strategic Partnership with Rivian
Founded by Rivian CEO RJ Scaringe and spun out in November, Mind Robotics retains Rivian as a major shareholder and strategic partner. Rivian provides data for model training and factory environments for deploying Mind Robotics’ systems, reinforcing the startup’s access to real-world testing grounds.
3. Technology Focus and Market Context
The Palo Alto–headquartered company is developing a full-stack platform of foundation models, purpose-built robots and deployment infrastructure to automate manufacturing tasks requiring human-like dexterity. The Series A comes as manufacturers face labor shortages and aging production lines, highlighting demand for advanced automation solutions.