Atoms raises $1.7 billion in equity to build industrial robotics businesses
a16z leads the financing as Travis Kalanick brings food, mining and transport operations into one company.
One equity structure for three industrial businesses
Atoms announced $1.7 billion in equity financing on July 22, 2026, led by a16z. The company is bringing its operating businesses into a single equity structure, with Ben Horowitz joining its board.
Other equity investors include Bain Capital Ventures, Uber, Fifth Wall, Chemistry, A*, K5 Global, Abstract Ventures, SV Angel and Alpha Square Group. The announcement lists bank debt partners separately from the $1.7 billion equity investment.
Machines designed for the work
Led by Travis Kalanick, Atoms develops specialised robots for food, mining and transport. It combines hardware and AI with the operational infrastructure needed to deploy those machines in industrial settings.
The company grew out of City Storage Systems. Its approach is to design equipment around repeated physical tasks, linking the machines to software, facilities and day-to-day operations.