Total amount raised
$39 Millions
Latest funding date
1/1/2025
Location
Atomicwork has raised $25 million in Series A funding, backed by seven investors including Z47 and Peak XV Partners. The company offers a modern service management platform that leverages AI to streamline IT and enterprise workflows.
Keep reading to explore the intricacies of Atomicwork's fundraising journey and the investors backing this innovative platform.
What Is Atomicwork?
Atomicwork, founded in 2022, is headquartered in San Francisco, California. The company specializes in modern service management and conversational ITSM software, enabling employees to resolve IT issues directly from tools like Microsoft Teams and Slack.
Founded by Kiran Darisi, Parsuram Vijayasankar, and Vijay Rayapati, Atomicwork aims to streamline IT and enterprise workflows through its AI-driven platform. The company offers products such as Atom AI, IT Service Desk, and IT Workflow Automation.
With a team of 51-100 employees, Atomicwork continues to innovate in the fields of IT and enterprise service management, providing solutions that integrate seamlessly with existing enterprise applications.
How Much Funding Has Atomicwork Raised?
- Seed Round (September 2023)
- Amount Raised: $11M
- Date: September 2023
- Lead Investors: Blume Ventures, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core product and establish the company's operations.
- Seed Round (September 2024)
- Amount Raised: $3M
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and scale initial operations.
- Series A (January 2025)
- Amount Raised: $25M
- Date: January 2025
- Lead Investors: Khosla Ventures, Z47
- Valuation at Round: $150M
- Motivation Behind the Round: To scale enterprise AI agents, expand go-to-market efforts, and enhance platform integrations.
Total Amount Raised: $39M. Current Valuation: $150M.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla. It provides funding to early to late-stage companies across various sectors.
- Investment Focus Areas: Technology, healthcare, clean energy
- Notable Investments: Square, DoorDash, Impossible Foods
- Z47
- Details: Z47 is a venture capital firm that invests in early-stage technology companies. It is known for its focus on transformative technologies.
- Investment Focus Areas: SaaS, information technology
- Notable Investments: Not publicly disclosed
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. It invests in companies at all stages of growth.
- Investment Focus Areas: Software, IT infrastructure, industrial technology
- Notable Investments: Nutanix, Coupa, Glassdoor
- Blume Ventures
- Details: Blume Ventures is an early-stage venture capital firm that funds startups in India. It backs startups with disruptive ideas.
- Investment Focus Areas: SaaS, internet, information technology
- Notable Investments: Unacademy, Dunzo, GreyOrange
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a leading venture capital firm. It invests in early and growth-stage companies in India and Southeast Asia.
- Investment Focus Areas: Technology, consumer sectors
- Notable Investments: Byju's, OYO, Zomato
What's Next for Atomicwork?
Atomicwork stands at the cusp of a significant opportunity to revolutionize IT service management with its AI-native platform. The company aims to modernize business operations, simplify enterprise workflows, and enable real-time incident management. With $25 million in Series A funding and backing from prominent investors, Atomicwork is well-positioned to scale its enterprise AI agents and expand its go-to-market efforts, potentially transforming the digital workplace for global businesses.
Future fundraising opportunities seem promising, given the company's growth trajectory and the increasing demand for AI-driven IT solutions. However, Atomicwork will need to navigate challenges such as competition from established players like Microsoft and ServiceNow, ensuring seamless integration with existing enterprise systems, and maintaining rapid innovation. As the company continues to expand, it may also attract acquisition interest from larger tech firms looking to enhance their AI capabilities.
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