Mentioned:
Travis Kalanick believes in the future of robotics. Which is exactly why he’s just raised more than a billion dollars for Atoms.
What’s happening:
- Atoms has successfully raised $1.7B USD in a new equity financing round
Why it matters:
- Atoms is founded by Uber founder Travis Kalanick and is focused on automating physical industries throughout food, mining and transportation
Going deeper:
- The new funding round was led by some of the most prominent venture capital funds in Silicon Valley including a16z, SV Angel and Bain Capital
- Atoms will use the new growth capital to scale up the production and deployment of their industrial automation systems which include software, sensors and purpose built robotics
- Travis Kalanick previously made major waves he publicly stated he was investing in mining company Pronto AI and making it an flagship holding in Atoms
The intrigue:
- Uber (NYSE: UBER) also invested in Atoms’ new financing round
