ChainCatcher report, according to Globenewswire, Travis Kalanick, co-founder of Uber, has led his robotics company Atoms to complete a $1.7 billion funding round led by Andreessen Horowitz (a16z), with Ben Horowitz joining the board. Other equity investors in this round include Bain Capital, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel, Alpha Square Group, and Uber. Horowitz emphasized the investment rationale centered on specialized robots rather than humanoid robots, noting that in heavy industry, specialized robots are far better suited than humanoid robots for performing the majority of tasks.
Robotics firm Atoms secures $1.7 billion in funding led by a16z
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Summary
Project funding news emerged as robotics firm Atoms, backed by Uber co-founder Travis Kalanick, raised $1.7 billion led by a16z. Ben Horowitz will join the board, with investors including Bain Capital, Fifth Wall, and Uber. The company is focusing on specialized robots for industrial applications rather than humanoid models. Global crypto policy remains a key backdrop for such high-profile tech investments.
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