Rivian
Irvine, California electric vehicle maker listed on Nasdaq and a major shareholder in Mind Robotics
- Rivian spinout Mind Robotics raises $500 million Series A, and Rivian books a $506 million gain on its stake
Mind Robotics, the industrial AI robotics company founded and led by Rivian chief executive RJ Scaringe, said on March 11, 2026 that Accel and Andreessen Horowitz co-led a $500 million Series A, about four months after a $115 million seed. Rivian's filings show it deconsolidated the start-up in March, valued its remaining 37.6% at about $569 million using the Series A share price and recorded a $506 million gain, which by ROBOTNESS arithmetic implies an equity value near $1.51 billion.
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