Travis Kalanick Co-Founded Atoms Raises $1.7B in Funding

Atoms, a robotics and industrial automation company co-founded by Travis Kalanick, has raised $1.7 billion in a funding round.

The round was led by Andreessen Horowitz (a16z). Uber, Bain Capital, Fifth Wall, and other institutional investors also participated in the round.

The funding will strengthen Atoms’ operations across its business divisions, including Atoms Food, which includes CloudKitchens and ProKitchens. ProKitchens operates commercial kitchen facilities across 10 cities in six European countries, offering flexible contracts and ready-to-fit spaces for food businesses.

What is Atoms?

Atoms is a company focused on robotics, industrial automation, and physical operations. Founded by Travis Kalanick, the company operates across several sectors, including food, mining and transport.

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Its Atoms Food division includes CloudKitchens and food technology hardware projects designed to reduce labour challenges and improve kitchen operations. Atoms Mining focuses on autonomous haulage and machinery following the acquisition of autonomous vehicle company Pronto.

ProKitchens, part of Atoms Food, provides certified, ready to fit commercial kitchen spaces under flexible contracts. Its facilities help food entrepreneurs, manufacturers, and research and development teams establish operations without the full capital investment traditionally required to open new locations.

How Much Funding Has Atoms Raised?

Atoms has raised $1.7 billion in its latest funding round.

The announcement does not provide details of previous funding rounds or disclose the company's total funding raised before this investment.

Who Invested in Atoms’ Funding Round?

The $1.7 billion funding round was led by Andreessen Horowitz (a16z).

Other participating investors include:

• Uber
• Bain Capital
• Fifth Wall
• Other institutional investors

The announcement does not specify which investors are new or existing backers.

Why the Funding Matters

The funding strengthens Atoms resources across its business divisions, including its food-related operations and automation projects.

For ProKitchens, the investment supports the network of commercial kitchen facilities serving food businesses across Europe. Its flexible contracts and ready to fit spaces help operators reduce the upfront capital required to launch new locations.

Atoms’ broader focus on hardware automation and physical workflow management could also support efforts to improve operational efficiency in commercial kitchens.

Who founded Atoms?

Atoms was co-founded by Travis Kalanick, who previously co-founded Uber. The announcement does not provide the company's founding year or headquarters.

The company operates across food, mining, and transport through its different business divisions.

Market and Business Growth

ProKitchens operates commercial kitchens in 10 cities across six European countries: France, Spain, Italy, Portugal, Poland, and the Netherlands.

Its locations include Marseille, Lille, Paris, Lyon, Madrid, Barcelona, Milan, Lisbon, Warsaw, and Amsterdam.

The company provides certified, ready-to-fit kitchen facilities on flexible contracts. This model allows food brands and manufacturers to test individual markets or expand into other countries without making the full upfront investment required to establish new kitchen facilities.

Atoms also operates in autonomous mining systems and transport technology, broadening its focus beyond food-related businesses.

What Happens Next?

Atoms’ new funding strengthens its resources for its food, mining, and transport businesses. Within Atoms Food, ProKitchens can benefit from the companys continued focus on kitchen automation and operational efficiency.

ProKitchens provides food businesses with access to commercial kitchen infrastructure across Europe, helping them establish operations, and expand into new markets with lower upfront capital requirements.

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