Rivian spinoff Mind Robotics raises another $400M

Rivian’s spinoff company Mind Robotics has raised another $400 million, just two months after raising $500 million, as it works to develop industrial robotics that can further automate factory operations.

The funding round, first reported by the Wall Street Journal, was led by Kleiner Perkins. The venture arms of Volkswagen, which is partnered with Rivian on a software joint venture, and Salesforce also contributed investments.