RJ Scaringe: From $12 Billion in Funding to Three Startups
RJ Scaringe has raised more than $12.3 billion across three startups, and the pace is accelerating.
Scaringe, founder of Rivian, currently leads three companies: an electric vehicle manufacturer, an autonomous micromobility company, and an industrial AI robotics startup. Each has attracted significant investment at a remarkable speed.
Mind Robotics
- $400 million round led by Kleiner Perkins this week
- Total funding exceeds $1 billion, valuation at $3.4 billion
- Focuses on AI-powered robots for advanced manufacturing tasks
- Spun out of Rivian in 2025, raised $115 million in seed, $500 million in Series A, and $400 million more recently
Also
- Electric micromobility company spun out of Rivian in 2025
- Raised over $300 million, including a $200 million Series C from Greenoaks valued at over $1 billion
- Partnered with DoorDash for last-mile delivery using autonomous small EVs
Rivian
- $12.3 billion raised across all three ventures
- Majority of funding went into Rivian itself, with significant investments between 2018 and its 2021 IPO
- Market capitalization currently stands at approximately $18.2 billion
- Major partnerships include Volkswagen (software joint venture) and Uber (deal worth up to $1.25 billion)