The electric - vehicle manufacturer Rivian has recently set up a new subsidiary, Mind Robotics, which is devoted to the realms of industrial artificial intelligence and robotics. This represents its second corporate spin - off in this year alone.

In its third - quarter shareholder letter, Rivian disclosed that Mind Robotics will make use of its operational data advantages to drive innovation in physical business operations and construct a data - driven robotics ecosystem. According to the company's CEO, RJ Scaringe, the establishment of Mind Robotics is geared towards improving the operational efficiency of manufacturing plants. And he himself will take on the role of the chairman of the board.

At present, Mind Robotics has successfully completed a seed funding round, raising $115 million, with Eclipse acting as the lead investor. It's still uncertain whether employees from Rivian will be transferred to the new company.

Given that robotics and industrial AI are currently the hottest investment areas, the trademark applications of Mind Robotics suggest a wide - ranging business scope. However, specific future plans are yet to be fully revealed.