Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics.

The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to a the company’s third-quarter shareholder letter published Tuesday. (That’s a mouthful of buzzwords; we’ve asked Rivian to clarify things a bit more and will update the post if it does.)

Rivian said Tuesday it has secured around $110 million in “external seed capital,” but did not immediately offer any other information about Mind Robotics. “We believe AI-enabled robotics can support a wide range of industrial applications,” Rivian wrote in the letter.

The launch of Min

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