Mind Robotics raised $400 million in a new funding round, bringing its total to over $1 billion. The $3.4 billion valuation reflects investor confidence in AI-powered industrial robots designed for manufacturing. Rivian CEO RJ Scaringe founded the startup, which partners with Rivian to deploy robots in its Normal, Ill., factory. The $1 billion raised so far highlights the growing AI and automation trends in industrial sectors.

The startup previously secured $500 million in March, led by Kleiner Perkins, Salesforce Ventures, and Incharge Capital. Volkswagen-affiliated investors are also involved, tying the deal to Rivian's broader tech collaborations. This aligns with Rivian's joint venture with Volkswagen for future vehicle technologies.

The funding surge signals a strategic push to scale robotics in automotive production. $3.4 billion valuation positions Mind Robotics as a key player in the AI-driven manufacturing space.

This expansion underscores Rivian's bet on automation to reshape industrial workflows.