RJ Scaringe has raised $12 billion across three startups, and investors are still queueing up

"Mind Robotics, Scaringe's industrial robotics company, closed a $400 million round led by Kleiner Perkins, bringing its total funding to more than $1 billion and its valuation to $3.4 billion. The venture arms of Volkswagen and Salesforce also participated. Mind Robotics was founded in 2025, initially as an internal Rivian project called "Project Synapse," and has raised $115 million in seed funding, $500 million in a Series A in March, and now $400 million more in under two months."

"The company is building AI-powered robots designed to handle the dexterous, reasoning-intensive manufacturing tasks that conventional factory automation cannot, using Rivian's own production lines as a live training environment."

"Also, is an electric micromobility company spun out of Rivian in 2025. It has raised more than $300 million, including a $200 million Series C led by Greenoaks in March that valued the company at over $1 billion. DoorDash invested alongside a multi-year commercial agreement to deploy Also's purpose-built autonomous small EVs for last-mile delivery."

"The overwhelming majority of the $12.3 billion, more than $11 billion, went into Rivian itself, most of it between 2018 and the company's blockbuster IPO in November 2021. Rivian was founded in 2009 as Mainstream Motors and operated in near-obscurity for nearly a decade before revealing its R1T truck and R1S SUV protot"

RJ Scaringe has raised more than $12.3 billion across three startups, with funding momentum increasing. Mind Robotics, an industrial AI robotics company founded in 2025 as Rivian’s “Project Synapse,” has raised $115 million in seed funding, $500 million in a Series A in March, and $400 million more in under two months. The $400 million round was led by Kleiner Perkins and included venture arms of Volkswagen and Salesforce, bringing total funding above $1 billion and valuation to $3.4 billion. Mind Robotics builds AI-powered robots for dexterous, reasoning-intensive manufacturing tasks, using Rivian production lines as live training. Also, an electric micromobility company spun out of Rivian in 2025, has raised more than $300 million, including a $200 million Series C valuing it above $1 billion, with DoorDash investing and committing to last-mile deployments.

Read at TNW | Investors-Funding