Atoms has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board following the investment. Bain Capital, Fifth Wall, and others also participated in the round.
Coinciding with the funding announcement, Kalanick revealed the restructuring of his businesses under a single umbrella called Atoms, to include a number of companies and projects he has worked on over the past years, foremost among them CloudKitchens, in addition to companies and technologies specialised in automation and industrial robotics.
Atoms focuses on developing specialised robots to perform specific tasks within industrial environments, rather than developing multi-purpose humanoid robots. The company believes that robots designed for particular tasks achieve higher efficiency and lower cost, and can be easily integrated into production lines and supply chains.
The company intends to use the new funding to expand its operational activities, attract engineering talent, and accelerate product development, alongside enhancing its investments in software, robotics, and the infrastructure needed to expand the reach of its solutions in industrial markets.
Travis Kalanick, CEO of Atoms, wrote, “On many levels, this round is a bit of unfinished business. Fuel to complete the bits-to-atoms story arc we started at Uber, continued at CloudKitchens and will now finish at Atoms. 16 years ago, I started a journey to digitise the physical world. Understand, predict and control the physical world with software. Building ‘atoms-based’ computers where CPU is manufacturing, storage is real estate, and network is transportation.”
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