Atoms Raises $1.7B in Funding

Atoms, led by Travis Kalanick, closed a $1.7 billion financing package.

The round was led by Andreessen Horowitz and included debt from banks, with participation from investors such as Uber and Bain Capital.

Atoms builds automation technologies for manual work in restaurants, mining, and transportation.

Many of the company’s units originated from City Storage Systems, giving it a broader industrial automation base.