Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered robots for manufacturing tasks, raised $400M, source says at a $3.4B valuation (Sean McLain/Wall Street Journal)

Techmeme ·

Mind Robotics, Rivian CEO RJ Scaringe's AI-powered manufacturing robot startup, raised $400M at a $3.4B valuation, per WSJ sources.

Categories: Money & Moves

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<a href="https://www.wsj.com/business/autos/rivian-ceos-robotics-spinoff-raises-400-million-4c54a9a0?st=K7uGYq&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260513/i42.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260513/p42#a260513p42" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Sean McLain / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/business/autos/rivian-ceos-robotics-spinoff-raises-400-million-4c54a9a0?st=K7uGYq&amp;reflink=desktopwebshare_permalink">Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered robots for manufacturing tasks, raised $400M, source says at a $3.4B valuation</a></b></span>&nbsp; &mdash;&nbsp; Funding for AI-powered industrial robot project now exceeds $1 billion&nbsp; &mdash;&nbsp; Mind Robotics, the startup founded by Rivian Chief Executive RJ Scaringe &hellip; </p>