Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms
Industrial robotics player Mind Robotics, originally spun out of Rivian Automotive Inc., has secured $400 million in fresh funding, lifting its valuation to $3.4 billion. That fresh figure reflects technology birthed at the EV maker before the spinoff. Kleiner Perkins led the latest round, which brings Mind’s total raised to more than $1 billion within less than a year, Reuters reports, citing a source close to the deal.
