Travis Kalanick’s Atoms Secures $1.7 Billion From A16z, Uber, Others to Expand Into Industrial AI
The round includes equity and debt financing and will help Atoms build more machines and expand deployments across mining, construction, transport and food production.
- CEO Travis Kalanick's robotics firm Atoms raised $1.7 billion in a funding round led by venture capital firm Andreessen Horowitz, focusing on Industrial AI to automate physical industries.
- Kalanick described the funding as "unfinished business," aiming to complete a 16-year "bits-to-atoms story arc" that began at Uber and continued through CloudKitchens.
- Atoms operates through three divisions—Atoms Food, Atoms Mining, and Atoms Transport—and acquired Pronto, a startup founded by former Uber engineer Anthony Levandowski, to strengthen autonomous capabilities.
- Uber joined the funding alongside Bain Capital and JPMorgan, while Ben Horowitz is joining the board and the firm secured credit facilities from Wells Fargo, Goldman Sachs and Barclays.
- While Kalanick envisions an "Age of Atoms" where manufacturing serves as the CPU, Atoms faces skepticism over its lack of deployed industrial robots at scale.
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Travis Kalanick's Atoms Raises USD 1.7 Billion in A16z-led Funding Round; Ben Horowitz Joins Board
Get latest articles and stories on Business at LatestLY. Robotics firm Atoms has secured a USD 1.7 billion equity investment led by a16z, with co-founder Ben Horowitz joining its board, as the company consolidates multiple businesses under a unified Atoms equity structure, Travis Kalanick said. Business News | Travis Kalanick's Atoms Raises USD 1.7 Billion in A16z-led Funding Round; Ben Horowitz Joins Board.
The Economic Times
Times of IndiaTravis Kalanick’s Atoms secures $1.7 billion from a16z, Uber, others to expand into industrial AI
Atoms, Travis Kalanick's robotics firm, has secured $1.7 billion in funding. This investment, led by Andreessen Horowitz, will fuel industrial AI development. The company focuses on automation for mining, transport, and food production sectors. Atoms also acquired self-driving startup Pronto to enhance its capabilities. This funding supports Atoms' next phase of growth and expansion.
Kalanick raises $1.7B for Atoms, and Uber invests too
Travis Kalanick is back, and Uber is helping to fund him. The founder Uber forced out in 2017 has raised $1.7 billion for Atoms, an industrial-AI and robotics company he has built in near-total stealth for years. Andreessen Horowitz led the round. Its co-founder Ben Horowitz is joining the board. And among the investors sits […] This story continues at The Next Web
Travis Kalanick's industrial automation startup Atoms raises $1.7B in funding
Atoms, a startup led by Uber Technologies Inc. co-founder Travis Kalanick, has closed a $1.7 billion investment. The company disclosed in its Wednesday funding announcement that Andreessen Horowitz led the raise. The venture capital firm was joined by more than a half-dozen others, including Uber. Additionally, Atoms has raised an unspecified amount of debt financing […] The post Travis Kalanick’s industrial automation startup Atoms raises $1.7B…
Uber co-founder raises $1.7B for new robotics startup ATOMS
ATOMS said it aims to make gainfully employed robots that bring abundance to their owners and society at large. | Source: ATOMS ATOMS, a robotics startup led by former Uber co-founder and former CEO Travis Kalanick, today said it has raised $1.7 billion in equity investment. Kalanick said the funding will enable ATOMS to complete completion of the “bits-to-atoms” story arc he started at Uber and continued at CloudKitchens. So far, Kalanick hasn…
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