Atomicwork Secures $25 Million in Series A Funding
B2B SaaS startup Atomicwork has successfully raised $25 million in its Series A funding round, led by Khosla Ventures from Silicon Valley and Z47, which was previously known as Matrix Partners India. This funding round also included contributions from Battery Ventures, Blume Ventures, and Peak XV Partners.
In September 2023, Atomicwork had previously raised $11 million during its seed round, which was led by Blume Ventures and Matrix Partners India. Additionally, last year, the company secured another $3 million from Abhinav Dhar, the former Chief Information Officer of TransUnion, among others.
The newly acquired funds will be employed to enhance and implement enterprise AI agents, as well as to expand the company’s market outreach initiatives.
About Atomicwork
Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork offers software solutions that automate workflows across various business functions, including information technology (IT), human resources (HR), and finance.
Atomicwork aids organisations in facilitating immediate support for their employees by harnessing collective knowledge stored in documents, wikis, information systems, email threads, and chat conversations.
Rayapati, the CEO of Atomicwork, stated that they are leading the way in agentic service management to revolutionise how companies oversee their IT workflows and enterprise services. He highlighted that this investment marks a crucial milestone, affirming their vision of a future where intelligent IT teams foster business growth, empowering companies with technology rather than burdening them.
Prior to establishing Atomicwork, Rayapati founded Minjar, which successfully raised $2 million in funding before being acquired by Nutanix, a publicly listed cloud infrastructure company based in the US, for approximately $50 million.