Rivian Launches Mind Robotics Spinoff Company, Raises $115 Million for Industrial AI Solutions
Summary
Electric vehicle maker Rivian spins off Mind Robotics, securing $115 million in seed funding to develop AI-powered robotic solutions for manufacturing operations using Rivian's operational data.
Key Points
- Rivian launches its second spinoff company this year called Mind Robotics, focused on industrial AI and robotics to improve manufacturing plant operations using Rivian's operational data
- Mind Robotics raises $115 million in seed funding led by Eclipse venture capital firm, with Rivian CEO RJ Scaringe serving as chairman of the board
- The new company aims to develop AI-powered robotic solutions for industrial applications in the physical world, though specific details about operations and employee transfers remain unclear