Mind Robotics raises $400M at $3.4B valuation

Mind Robotics raised $400 million in a new financing round led by Kleiner Perkins, with participation from Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital, Garuda Ventures, and existing backers including Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures, and Greenoaks. Reuters reported the company’s valuation at $3.4 billion in the round, up from $2 billion in its March Series A.

The funding brings Mind Robotics’ total capital raised to more than $1 billion in less than a year, after a $115 million seed round in late 2025 and a $500 million Series A in March 2026. The company is a Rivian spinout founded by Rivian CEO RJ Scaringe and is focused on AI-powered industrial robotics for manufacturing environments.

The new capital is intended to accelerate deployment of industrial robots in live factory settings. TechCrunch reported that Rivian and related industrial partners provide early real-world manufacturing exposure that can help train and validate the robots, which is central to Mind Robotics’ push to move from development into broader factory automation.