Scaringe's Mind Robotics Raises Over $1 Billion, Targets First Humanoid Robot Within 1 Year
Updated
Updated · CNBC · Jun 13
Scaringe's Mind Robotics Raises Over $1 Billion, Targets First Humanoid Robot Within 1 Year
3 articles · Updated · CNBC · Jun 13
Summary
More than $1 billion has been raised by Mind Robotics, the humanoid-robot startup launched last year by Rivian CEO RJ Scaringe, with its first product due in less than a year.
Rivian will be a large minority shareholder and the launch customer, while Mind stays a separate company and uses Rivian data to train its AI models.
Scaringe said the bet is aimed at a multitrillion-dollar industrial labor market and an "extreme lack of labor" in manufacturing, where he expects robots to handle simpler tasks alongside human workers.
The move deepens comparisons with Tesla, but Scaringe said Mind was structured independently rather than folded into Rivian, unlike Elon Musk's more integrated approach to robotics.
With a $3.4B valuation and no product, can Mind Robotics outpace rivals like Tesla in the humanoid robot race?
Why is Rivian betting on a separate robotics firm while Tesla builds its Optimus robot in-house?
As humanoid robots join factory lines, what new roles and skills will humans need to master to remain valuable?
Mind Robotics’ $3.4B Leap: How a Rivian Spinout Is Redefining Industrial Automation with AI-Powered Factory Robots
Overview
Mind Robotics has quickly become a major force in industrial automation since its spin-out in November 2025, securing $615 million in funding and reaching a $2 billion valuation within just a few months. This rapid financial growth highlights strong investor confidence in the company’s innovative approach and its potential to reshape manufacturing processes. The journey began with a $115 million seed round led by Eclipse, followed by a substantial Series A. Mind Robotics’ swift ascent demonstrates how its vision and technology are attracting significant support, positioning it as a key player in the future of adaptable, AI-driven factory automation.