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Automotive Properties Real Est Invt TR (TSE:APR.UN) reported higher first-quarter revenue and cash flow, with management citing the impact of acquisitions completed in 2025 and early 2026, along with contractual rent increases embedded in its net lease portfolio. President and CEO Milton Lamb said
Mind Robotics, which was first revealed in late 2025, has now raised more than $1 billion to date.
Mind Robotics, a spinout from Rivian, was valued at $3.4 billion in a new funding round, up from the $2 billion valuation it secured during its Series A raise in March, according to a source familiar with the matter. The industrial robotics startup has raised $400 million in the Kleiner Perkins-led round, bringing its total funding to more than $1 billion in less than a year. • New investors in the round include Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital, and Garuda Ventures.
Mind Robotics, the startup founded by Rivian Chief Executive RJ Scaringe, raised an additional $400 million from investors on Wednesday, the latest bet on an AI-powered bot revolution in manufacturing. The startup has now raised more than $1 billion to pursue its plan to develop industrial robots for vehicle production and beyond. Mind Robotics, founded late last year, is teaming up with Rivian to train and deploy hundreds of smart robots in the carmaker’s factory in Normal, Ill., with the goal of eventually becoming a supplier to broader manufacturing sectors.