B2B SaaS Startup 'Atomicwork' wins $25 million in Series A
B2B SaaS startup Atomicwork has secured $25 million in its Series A funding round, led by Silicon Valley-based Khosla Ventures and Z47 (formerly Matrix Partners India). The round also saw participation from Battery Ventures, Blume Ventures, and Peak XV Partners.
Previously, in September 2023, Atomicwork had raised $11 million in a seed funding round led by Blume Ventures and Matrix Partners India. Additionally, last year, the company received another $3 million investment from Abhinav Dhar, former CIO of TransUnion, and other investors.
The newly raised capital will be utilized to enhance and deploy enterprise AI agents while expanding its go-to-market strategy.
Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software solutions that automate workflows across IT, human resources (HR), finance, and other business functions.
The platform enables companies to assist employees efficiently by gathering institutional knowledge from various sources, including documents, wikis, information systems, email threads, and chat conversations.
CEO Vijay Rayapati highlighted the company's mission, stating, "We are pioneering agentic service management to revolutionize how businesses handle IT workflows and enterprise services. This investment marks a significant milestone, affirming our vision of a future where IT teams enhance business growth and companies leverage technology seamlessly."
Rayapati previously founded Minjar, a cloud infrastructure firm that raised $2 million before being acquired by US-based publicly listed company Nutanix for around $50 million.
The startup helps enterprises lower IT service costs and boost productivity through its service management platform. By automating IT processes, it claims to shorten resolution times by 90%.
Previously, in September 2023, Atomicwork had raised $11 million in a seed funding round led by Blume Ventures and Matrix Partners India. Additionally, last year, the company received another $3 million investment from Abhinav Dhar, former CIO of TransUnion, and other investors.
The newly raised capital will be utilized to enhance and deploy enterprise AI agents while expanding its go-to-market strategy.
Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software solutions that automate workflows across IT, human resources (HR), finance, and other business functions.
The platform enables companies to assist employees efficiently by gathering institutional knowledge from various sources, including documents, wikis, information systems, email threads, and chat conversations.
CEO Vijay Rayapati highlighted the company's mission, stating, "We are pioneering agentic service management to revolutionize how businesses handle IT workflows and enterprise services. This investment marks a significant milestone, affirming our vision of a future where IT teams enhance business growth and companies leverage technology seamlessly."
Rayapati previously founded Minjar, a cloud infrastructure firm that raised $2 million before being acquired by US-based publicly listed company Nutanix for around $50 million.
The startup helps enterprises lower IT service costs and boost productivity through its service management platform. By automating IT processes, it claims to shorten resolution times by 90%.