Mind Robotics, the startup founded by Rivian CEO RJ Scaringe, has now raised over $1 billion for its AI-powered industrial robot project, valuing the company at $3.4 billion.
The latest fundraising round, which secured $400 million, was led by Kleiner Perkins and includes investments from Salesforce Ventures and Incharge Capital, a Volkswagen-affiliated venture-capital firm, The Wall Street Journal reports.