SaaS

Atomicwork Raises Additional $3 Million in Seed Funding, Totaling $14 Million

• ByStartupStory     |    September 25, 2024

B2B SaaS startup Atomicwork has raised an additional USD 3 million in its seed funding round, bringing the company’s total funding to approximately USD 14 million. This latest investment was led by global tech leaders, including prominent CIOs and CTOs like Abhinav Dhar (former CIO of TransUnion), Prasad Ramakrishnan (technology leader), Avanish Sahai (ex-leader at Salesforce, ServiceNow, and Google Cloud), and Rich Waldron (CEO of Tray.ai). Existing investors such as Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated.

This is the second tranche of Atomicwork’s seed round, following the USD 11 million raised in September 2023.

Founded in 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork aims to streamline employee success by integrating IT systems and HR operations, enhancing organizational impact. The company focuses on leveraging enterprise AI agents to optimize IT and HR workflows, making operations more efficient and aligned with business goals.

Rayapati, previously the founder of Minjar (acquired by Nutanix in 2018), along with Darisi and Vijayasankar, both part of the founding team of Freshworks, have brought their deep expertise in SaaS to drive Atomicwork’s vision.

Speaking on the investment, Vijay Rayapati, co-founder and CEO of Atomicwork, said, “This round not only provides the financial resources we need to grow but also brings invaluable insights from some of the brightest minds in enterprise IT. We’re excited about the future as we continue to innovate and deliver value to our customers.”

The new funds will be allocated toward developing the company’s enterprise AI agents technology and expanding the go-to-market (GTM) team in the United States over the next three years.

This announcement comes at a time when India’s startup ecosystem is showing strong signs of recovery, with multiple startups raising capital on the same day. Alongside Atomicwork, fintech firm M2P Fintech, AI startup Nurix AI, and travel platform Atlys also secured significant funding.

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