Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms
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Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms
Mind Robotics, spun out of Rivian, raised $400 million in a round led by Kleiner Perkins, valuing the company at $3.4 billion. The startup uses production data from Rivian’s factories to train industrial robots. Rivian shares traded at $13.96, down 56.5 cents, with a market value of $17.4 billion. Rivian began deliveries of its R2 SUV, targeting 62,000 to 67,000 units in 2026. The post Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Tes…
Mind Robotics Hits $3.4B Valuation as AI Factory Robot Race Heats Up
Mind Robotics, the industrial robotics company founded by Rivian CEO RJ Scaringe, has raised an additional $400 million in new funding. The latest round, led by Kleiner Perkins, brings the company’s total funding to more than $1 billion and values it at about $3.4 billion, according to a person familiar with the deal structure cited by The Wall Street Journal. The deal also included participation from investors such as Salesforce Ventures and I…
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