Rivian is on a roll with spinoffs, launching its second new venture this year! The electric vehicle maker has just unveiled Mind Robotics, an ambitious project focused on industrial AI and robotics.
But what exactly is this new company all about? Well, according to Rivian's shareholder letter, it aims to revolutionize how businesses operate in the physical world through AI. They plan to leverage their own operational data as a foundation for a robotics data ecosystem. (We're still waiting for Rivian to provide more details on this intriguing concept.)
Rivian has already secured a substantial $110 million in seed funding for Mind Robotics, indicating strong investor interest. The company believes that AI-powered robotics can be a game-changer for various industries.
This isn't Rivian's first spinoff rodeo. Earlier this year, they established Also Inc., a micromobility startup, with funding from Eclipse and Greenoaks Capital. And now, Mind Robotics enters the scene, with Eclipse partner Jiten Behl listed as a signatory on the trademark application.
Here's where it gets interesting: Rivian hints at the possibility of its employees transitioning to Mind Robotics, similar to what happened with Also. However, they remain tight-lipped about the specifics.
The world of robotics and industrial AI is buzzing with activity, and Rivian is diving right into the mix. With Mind Robotics, they aim to make a significant impact, but the details of their plans remain a mystery for now. The trademark application provides little insight, covering a broad range of potential applications, from machinery to vehicles and even egg incubators.
Stay tuned as we eagerly await more revelations about Mind Robotics and its role in shaping the future of industrial AI. And don't forget to share your thoughts in the comments: Do you think Rivian's strategy of creating spinoffs will pay off? What potential applications of Mind Robotics' technology excite you the most?
