Jul. 22 at 10:31 PM
Atoms, Travis Kalanick’s physical AI company, raised
$1.7 billion in an equity round led by Andreessen Horowitz, with Ben Horowitz joining the board. The funding included participation from Bain Capital, Fifth Wall, SV Angel, K5 Global, Alpha Square Group, and Uber. Bank of America, Goldman Sachs, Wells Fargo, JPMorgan, and Barclays are also backing the company as debt partners, though credit facility details were not disclosed.
Built from the combination of CloudKitchens and industrial automation company Pronto, Atoms now operates three divisions—Food, Mining, and Transport—focused on applying AI and robotics to large industrial markets. Kalanick said the company aims to bring AI-driven productivity gains to the physical economy through specialized automation systems.
The raise comes amid a boom in physical AI and robotics investment, with global funding in the sector reaching record levels in 2026. .
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