Atoms Raises $1.7 Billion Led by a16z in Financing for Industrial Robotics
Travis Kalanick’s robotics startup Atoms raised $1.7 billion in equity, led by a16z. The financing concludes an eight-year development period for the company, which has operated in stealth to commercialize specialized robotics and artificial intelligence for physical logistics.
Ben Horowitz will join the startup’s board as part of the round, which also includes participation from Uber. The capital will fund Atoms’ current product lines focused on mining, food processing, and transport, industries that investors described as trillion-dollar markets requiring specialized robots.
From the sources (5 posts)
@mtsliveSITUATION DETECTED: Travis Kalanick’s ATOMS has raised $1.7B in equity, led by a16z, with Ben Horowitz joining the board.
@techmemeTravis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board (@sokane1 / TechCrunch) (Visit Techmeme dot com for the link and full context!)
@a16zWe’re backing Atoms, and @bhorowitz is joining the board. @travisk has been working on Atoms for 8 years, in stealth, to digitize the physical world. It is inevitable that within a generation, robots are going to do most of the menial wor
@bhorowitzWe’re backing Atoms, and I’m joining the board. This partnership is a long time coming. Welcome back, Travis.
@bhorowitzRT @TechCrunch: Travis Kalanick’s robotics company raises $1.7B, led by a16z