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B2B SaaS startup Atomicwork announced it has raised an additional $3 million in a seed funding round, bringing its total funding to approximately $14 million.
The latest investment round was led by global technology leaders including prominent CIOs and CTOs such as Abhinav Dhar (former CIO of TransUnion), Prasad Ramakrishnan (technology leader), Avanish Sahai (former leader of Salesforce, ServiceNow and Google Cloud) and Rich Waldron (CEO of Tray.ai). Existing investors including Storm Ventures, Z47 (formerly Matrix Partners), Bloom Ventures and Neon Fund also participated.
This is the second tranche of the seed round. The company raised $11 million in September 2023.
Founded in 2022 by Rayapati, Kiran Dharishi and Parshuram Vijayasankar, Atomicwork aims to streamline employee success by unifying IT systems and HR operations to drive business impact across organizations. Rayapati previously founded Minjar, a SaaS company that was acquired by Nutanix in 2018, and Dharishi and Vijayasankar are part of the founding team of Freshworks.
Highlighting the strategic importance of the funding, Vijay Rayapati, Co-founder and CEO of Atomicwork, said, “This funding not only provides us with the capital we need to grow, but also valuable insights from some of the brightest minds in enterprise IT. We are excited about the future as we continue to innovate and deliver value to our customers.”
The new funding will be used over the next three years to further develop Atomicwork’s enterprise AI agent technology and to expand the company’s go-to-market (GTM) team in the U.S.
The investment comes at a time when India’s startup ecosystem is showing signs of recovery, with multiple startups raising funds on the same day. Besides Atomicwork, fintech company M2P Fintech, AI startup Nurix AI and travel platform Atlys also raised significant funding.
