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Uber co-founders-backed holding firm Atoms has completed $1.7 billion in equity financing, with the funds to be invested in industrial AI and physical automation.

1 days ago

Uber co-founder Travis Kalanick’s holding firm Atoms has closed approximately $1.7 billion in equity financing. Andreessen Horowitz (a16z) led the round, with participation from Bain Capital, Fifth Wall, Uber, and other investors. Ben Horowitz will join Atoms’ board of directors. The capital will be allocated to industrial AI and physical automation across sectors including mining, transportation, and food. Pronto — a heavy industry automation company owned by Anthony Levandowski and previously acquired by Atoms — is the core strategic priority for the firm’s mining and transportation initiatives. The deal is widely viewed as Kalanick’s return to the tech scene following his exit from Uber.

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