Mind Robotics, a robotics startup created from electric vehicle maker Rivian, has raised $500 million in a new funding round. The investment values the company at about $2 billion and shows growing interest in artificial intelligence-based robotics.
Mind Robotics develops advanced robots powered by artificial intelligence that can help industries automate physical tasks. The company focuses on using AI and robotics to improve work in factories, warehouses and supply chains.
The startup was originally developed as a project inside Rivian before becoming an independent company. Even after the spin-off, Rivian continues to support the venture and is expected to remain an important partner as the technology grows.
Mind Robotics plans to use the new funding to expand its research, hire more engineers and speed up the development of its robotics systems. The company aims to build machines that can perform complex tasks more efficiently in industrial environments.
Earlier, the company had raised about $115 million in seed funding from investors led by Eclipse Ventures. That early investment helped the startup begin developing its AI and robotics technology.
The company is working on what it calls “industrial AI”. This technology combines artificial intelligence, robotics and real-world data from manufacturing environments. By studying data from Rivian’s production facilities, Mind Robotics hopes to train its robots to handle tasks such as assembly work, warehouse operations and logistics management.
Experts say interest in robotics and automation is increasing as companies look for ways to improve efficiency and reduce labour-intensive work in factories. Many technology and manufacturing firms are now investing heavily in AI-driven automation systems.
For Rivian, launching Mind Robotics also reflects a broader strategy to expand beyond electric vehicles and explore new technology sectors.