Travis Kalanick's robotics company, Atoms, has raised $1.7 billion in a funding round led by Andreessen Horowitz. The investment brings Ben Horowitz onto the company's board and draws participation from Bain Capital, Fifth Wall, and other investors.
Perhaps the most striking participant in the round is Uber — the company Kalanick founded and was eventually pushed out of as CEO in 2017 following complaints of sexual harassment, discrimination, and a toxic workplace. Uber's involvement marks a notable reconnection between Kalanick and the ride-hailing giant he built.
From Cloud Kitchens to Atoms
Atoms is essentially a rebranded holding company built on top of the project Kalanick has been developing since leaving Uber: a ghost kitchen venture called Cloud Kitchens. When Kalanick unveiled the Atoms name in March, he also announced the acquisition of Pronto, a heavy industry automation company led by his former Uber colleague Anthony Levandowski.
Kalanick has expressed interest in expanding into mining through Atoms, moving beyond what Pronto already does for vehicles in that sector. Last year, reports surfaced that Kalanick was exploring the purchase of the U.S. arm of Pony AI, a Chinese self-driving vehicle company, with backing from Uber. According to The Information, those discussions had ended by March.
A Vision for Physical-World Automation
In a post on X about the fundraise, Kalanick did not detail specific products or projects. Instead, he framed the investment as a continuation of a long-running ambition to digitize the physical world.
"On many levels, this round is a bit of unfinished business," Kalanick wrote. "Fuel to complete the bits-to-atoms story arc we started at Uber, continued at CloudKitchens and will now finish at Atoms."
He described a 16-year journey to understand, predict, and control the physical world through software — building what he called "atoms-based" computers where manufacturing serves as the CPU, real estate as storage, and transportation as the network. Kalanick has also said he wants to build a "wheelbase for robots" with Atoms.
