Mind Robotics, a Rivian spin‑off, raises another $400M for industrial automation

Friends, I’d like to share news from the robotics world:
Mind Robotics — a Rivian spin‑off — has raised an additional $400M, bringing total funding to over $1B and valuation above $3B.

Key facts:
— Round led by Kleiner Perkins; Volkswagen and Salesforce venture units participated.
— Developing industrial robots to automate factory operations.
— Initiated by RJ Scaringe; launched as “Project Synapse.”

Why it matters: signals accelerating investment in production robotics and deeper ties between automakers and software players.

How will this affect the industrial automation market?

#robotics #automation #investments #industry