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Mind Robotics Announces $500M Financing to Support Deployment of AI-Powered Robots at Industrial Scale

Mind Robotics Announces $500M Financing to Support Deployment of AI-Powered Robots at Industrial Scale

March 31, 2026 Craig Etkin

Following formation in 2025, Accel and Andreessen Horowitz are leading Mind Robotics’ next financing round to build the world’s leading industrial robotics platform.

PALO ALTO, Calif.–(BUSINESS WIRE)–Mind Robotics today announced a $500 million Series A round, co-led by Accel and Andreessen Horowitz, to build and deploy AI-enabled robotic systems at industrial scale. Accel partner, Sameer Gandhi, will be joining the Board of Mind Robotics. This $500 million financing, which is expected to close later this month, follows a seed financing of $115 million led by Eclipse Capital in late 2025.

Mind Robotics is building the world’s leading industrial robotics platform, capable of performing dexterous, variable, and reasoning-intensive tasks. The company was founded to address a structural gap with current industrial automation solutions. Existing industrial robotics can perform repeatable, dimensionally stable tasks, but a large share of factory value-add work requires human-like dexterity, adaptation, and physical reasoning that classical robotics cannot address. Mind Robotics is building the AI foundation—models, hardware, and deployment infrastructure—to close that gap.

Mind Robotics, founded and led by Rivian CEO RJ Scaringe, operates with Rivian as a partner and major shareholder, providing a very large data flywheel for training the models and an at-scale launch environment. Grounded in a live manufacturing environment, Mind Robotics development and deployment benefit from Rivian’s electro-mechanical engineering expertise and substantial production data.

“As AI enters the physical world, we believe the largest, at-scale application for advanced robotics will be across the industrial sector,” said RJ Scaringe. “Advanced robotics are going to be critical for global competitiveness, as well as addressing the substantial industrial labor shortages that exist today. We’re building robots that will perform real tasks, in real plants, at real scale. I am grateful to have partners that believe in what we are building at Mind Robotics — looking forward to having Sameer join our Board.”

“We back leaders, and this team has a track record that speaks for itself,” said Sameer Gandhi, partner at Accel. “They helped build one of the most ambitious manufacturing operations in the EV industry. That kind of execution doesn’t happen by accident; it reflects the quality of the people behind it. RJ is a disciplined and visionary leader, and we believe AI industrial robotics enables one of the most exciting technological shifts of our time.”

“RJ is one of the very few founders who have built and scaled a vertically integrated hardware company,” said Sarah Wang, General Partner at a16z. “At Rivian, he architected the full stack — vehicle architecture, electronics, battery systems, embedded software, manufacturing processes, and supply chains — integrating each layer into a cohesive system. That kind of end-to-end systems leadership is precisely what it takes to build a generational robotics company and why we’re excited to back RJ and the Mind Robotics team.”

About Mind Robotics: Mind Robotics is an AI-enabled industrial robotics company headquartered in Palo Alto, California. Founded by RJ Scaringe in 2025, Mind is building the full-stack platform of foundation models, purpose-built robotics, and deployment infrastructure to automate industrial and manufacturing tasks at scale. Mind Robotics is powered by a rapidly growing team with deep expertise spanning AI, robotics, and industrial manufacturing.

Forward-Looking Statements: This press release contains forward-looking statements, including, without limitation, statements related to the future sale of shares of Series A Preferred Stock by Mind Robotics, Inc. All statements contained herein, other than statements of historical fact, are forward-looking statements. The words “expect,” “will,” and other similar expressions are intended to identify forward-looking statements. These statements are based on management’s current expectations and beliefs. These expectations and beliefs are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will be achieved. By their nature, forward-looking statements involve known and unknown risks, delays, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future, whether or not outside the control of the company. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends included in this press release may not occur and actual results could differ materially and adversely from those anticipated, expressed or implied in the forward-looking statements. You should not place undue reliance on forward-looking statements. The company does not undertake an obligation to update the forward-looking statements, except as required by applicable law.

The offer and sale of the securities described herein have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other securities laws, and the securities cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the securities, nor will there be any sale of the securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

Contacts

Media Contact: press@mindrobotics.com

(c)2026 Business Wire, Inc., All rights reserved.


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