JUST IN: RIVIAN SPINOFF MIND ROBOTICS JUST RAISED $400 MILLION, TWO MONTHS AFTER RAISING $500 MILLION The new round brings the total raised to over $1 billion in under a year and values the company at $3 billion+. The full picture, per WSJ: The new round: - $400M led by Kleiner Perkins - Additional investors include the venture arms of Volkswagen and Salesforce - Volkswagen is Rivian's partner on a software joint venture Capital raised to date: - $115M from Eclipse (2025 seed) - $500M (two months ago) - $400M (this round) - Total: $1B+ The company: - Originally known internally as "Project Synapse" - Builds industrial robotics with "human-like skills" for factory automation - Chairman: Rivian $RIVN CEO RJ Scaringe Scaringe told TechCrunch in March he created Mind Robotics because he felt other startups were not fully equipped to automate industrial work. He also spun out a separate micromobility company called Also, which has raised $300M+ to date.