Enterprise AI Startup Atomicwork Bags $25 Mn To Launch Agentic Models

Enterprise AI Startup Atomicwork Bags $25 Mn To Launch Agentic Models

SUMMARY

The round also saw participation from Battery Ventures and Peak XV Partners, along with existing investor Blume Ventures

Atomicwork plans to use the fresh capital to capitalise on its strategy to transform IT service management with its innovative AI-native platform

With the latest round, the company has raised $39 Mn in total funding so far

Enterprise AI startup Atomicwork has raised $25 Mn (around INR 215.9 Cr) in a Series A funding round co-led by Khosla Ventures and its existing investor Z47 Partners.

The round also saw participation from Battery Ventures and Peak XV Partners, along with existing investor Blume Ventures.

Atomicwork plans to use the fresh capital to capitalise on its strategy to transform IT service management with its agentic AI platform.

“The platform enables automation via AI of support requests, access, software access requests, hardware requests, among others,” cofounder and chief executive Vijay Rayapati told Inc42.

With the latest round, the company has raised $39 Mn in total funding so far.

Founded in 2022 by Rayapati, Kiran Darisi and Parsuram Vijayasankar, Atomicwork leverages AI to improve employee experience while simplifying the number of tools employees interact with every day.

Atomicwork operates atop collaboration tools such as Slack and Microsoft Teams, harnessing conversational intelligence to automate support, service delivery and operational tasks at a large scale.

“Instead of opting the industry-wide model of building an AI layer on top of the existing system of records, the startups should own a system of record and system of intelligence and system of workflows along with the system of engagement. In Atomic work, we are trying to bring all these things together with an ambition to build something bigger,” he added.

In September last year, the startup secured $3 Mn as part of its seed funding round from more than 40 chief investment officers (CIOs), chief technology officers (CTOs), chief experience officers (CXOs) and a clutch of industry veterans.

The funding comes at a time when startups integrating generative AI and new-age tech advancements in their offerings have gained traction from investors.

For instance, listed geotech company MapmyIndia invested about INR 3 Cr in Kanpur-based AI startup SimDaaS Autonomy in exchange for a 9.37% stake in the company, a day ago. 

A week before that, MapmyIndia also partnered with KOGO AI to launch India’s ‘first’ universal voice assistant for the automotive industry.

Meanwhile, proptech startup Landeed secured $5 Mn (INR 43.1 Cr) in a fresh funding round led by 10x Founders Fund to fuel launch of Landeed Labs, a division focused on enhancing the company’s AI and machine learning capabilities.

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Enterprise AI Startup Atomicwork Bags $25 Mn To Launch Agentic Models-Inc42 Media
Enterprise AI Startup Atomicwork Bags $25 Mn To Launch Agentic Models-Inc42 Media
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