ChainCatcher reports that Atoms, the holding company of Uber co-founder Travis Kalanick, has completed a $1.7 billion equity financing round led by Andreessen Horowitz (a16z), with participation from Bain Capital, Fifth Wall, Uber, and others. Ben Horowitz will join the board. The funds will be used for industrial AI and physical automation in sectors such as mining, transportation, and food. Pronto, an industrial automation company founded by Anthony Levandowski and previously acquired by Atoms, is a core strategic focus for mining and transportation. This move is widely seen as Kalanick’s return to the tech stage following his departure from Uber.
Atoms Completes $1.7 Billion Equity Financing for Industrial AI and Physical Automation
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Summary
Atoms, the holding company of Uber co-founder Travis Kalanick, has raised $1.7 billion in equity financing led by Andreessen Horowitz (a16z), with support from Bain Capital, Fifth Wall, and Uber. The capital will be directed toward industrial AI and physical automation in mining, transportation, and food. Pronto, a mining node company formerly owned by Anthony Levandowski, is a key focus in mining and transportation. Ben Horowitz will join the board.
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