A B2B SaaS firm, Atomicwork, has raised USD 25 million in a Series The funding round was led by Silicon Valley investors Khosla Ventures and Z47 which was previously known as Matrix Partners India.
Battery Ventures, Blume Ventures, and Peak XV Partners all contributed to the funding round. In September 2023, Atomicwork raised $11 million in a seed round headed by Blume Ventures and Matrix Partners India. Atomicwork secured an extra USD 3 million last year from Abhinav Dhar, TransUnion's former CIO, and others. The profits will be used to accelerate and deploy enterprise AI agents, as well as to increase go-to-market operations.
Atomicwork, founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, provides software for automating workflows in information technology (IT), human resources (HR), finance, and other corporate functions. It enables businesses to rapidly assist their employees by gathering tribal knowledge from around the firm, which is saved in documents, wikis, information systems, email threads, and chat chats.
"We are pioneering agentic service management to transform how companies manage their IT workflows and enterprise services. This investment is a significant milestone, validating our vision of a future where smarter IT teams drive business growth and companies are empowered by technology, not bogged down by it," said Vijay Rayapati, CEO of Atomicwork.
Speaking of Rayapati’s previous venture, he had also founded Minjar, which secured USD 2 million in funding. It was then acquired by the US-based publicly listed cloud infrastructure firm Nutanix for approximately USD 50 million.
