AI robotics startup Mind Robotics has raised $500M in a funding round led by Accel and Andreessen Horowitz. The new round values the company at $2B, sources told The Wall Street Journal.
Mind Robotics was formed in 2025 as an industrial AI and robotics spinoff from Rivian Automotive (RIVN) to apply physical AI and robotics to manufacturing and other industrial operations. Rivian Automotive (RIVN) still holds an undisclosed stake in the California-based company.
The goal for Mind Robotics’ AI-powered robots is that they can perform physical work in Rivian (RIVN) automotive plants and other factories. The expectation is that the robots will help with manufacturing by picking up parts, assembling components, and manipulating items such as wiring harnesses.
Rivian (RIVN) has assisted Mind Robotics by training the AI in the robots by using data from thousands of cameras inside its factories. “Our focus is to deploy robots doing real work — doing real jobs,” noted Mind Robotics Chairman RJ Scaringe, who is also Rivian’s (RIVN) CEO.
Shares of Rivian Automotive (RIVN) were down 0.8% in Wednesday morning trading. The EV stock is down more than 16% on a year-to-date basis.