"The new effort will be focused around using "industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel," according to a the company's third-quarter shareholder letter published Tuesday. (That's a mouthful of buzzwords; we've asked Rivian to clarify things a bit more and will update the post if it does.)"
"Rivian said Tuesday it has secured around $110 million in "external seed capital," but did not immediately offer any other information about Mind Robotics. "We believe AI-enabled robotics can support a wide range of industrial applications," Rivian wrote in the letter. The launch of Mind Robotics marks the second time this year that Rivian has created a new standalone company. In March, the company spun out its skunkworks micromobility division into a startup called Also Inc."
Rivian launched Mind Robotics, a standalone industrial AI and robotics company intended to use Rivian operations data to create a robotics data flywheel. The company secured about $110 million in external seed capital and stated belief that AI-enabled robotics can support diverse industrial applications. A trademark filing lists Eclipse partner Jiten Behl and Eclipse's Palo Alto address for the new company. It is unclear whether Rivian employees will transfer to Mind Robotics. Mind Robotics is the second Rivian spinoff this year, following Also Inc., the micromobility unit spun out in March with funding from Eclipse and Greenoaks Capital.
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