May 13 (Reuters) - 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.

Here are some details:

-- New investors in the round include Meritech Capital,

Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital,

and Garuda Ventures.

-- Mind Robotics previously raised $115 million in a seed

funding round late last year, followed by a $500 million Series

A round in March.

-- Investor confidence in AI-powered automation for

manufacturing has been growing, particularly as automakers and

industrial companies race to modernize factory operations with

robotics.

-- Mind Robotics develops foundation AI models, purpose-built

robots, and deployment infrastructure designed for industrial

manufacturing tasks.

-- Rivian's manufacturing facilities provide Mind Robotics

with a live, high-volume production environment for training and

deploying its robotics AI models.