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Friday, May 15, 2026

Rivian Founder’s Startup Raises $400M

Latest funding brings Mind Robotics’ total investment to more than $1B

Mind Robotics, a side project of Rivian Automotive Founder RJ Scaringe, has reached total investment of more than $1 billion with its latest $400 million backing led by Kleiner Perkins.  

The Palo Alto-based startup, launched in 2025, is building AI-enabled robotic models, hardware and deployment infrastructure for future vehicle production to replace existing industrial robotics.  

Rivian is the firm’s major shareholder with Scaringe leading as chairman.  

The $400 million financing included new investors such as Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital and Garuda Ventures. Existing investors who also participated include Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures and Greenoaks. Mind Robotics also announced a $500 million Series A funding round in March.  

“We are excited about the technology and product roadmap we are developing at Mind, with a focus on scaled deployments,” Scaringe said in a May 13 statement.  

“Mind Robotics has unique access to all the ingredients required to make general-purpose robotics work in real-world manufacturing, and we’re thrilled to lead this round,” Kleiner Perkins Partner Ilya Fushman said in a statement.  

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