Atlas Data Storage Funding, Investors & Competitors

Atlas Data Storage has raised $155M across 2 funding rounds, most recently a seed round in March 2026.

Last Atlas Data Storage funding round

Seed

Amount undisclosed · Mar 2026

Cumulative funding Atlas Data Storage raised

$155M

across 2 funding rounds

Key investors in Atlas Data Storage

  • ARCH Venture Partners
  • Deerfield
  • IQT
  • Tao Capital Partners
  • Bezos Expeditions
  • Earth Foundry
  • imec
  • Rsquared VC

Atlas Data Storage Overview

About Atlas Data Storage

Atlas Data Storage is a U.S.-based developer of DNA-based data storage systems using synthetic biology for high-density archival. The platform encodes digital files into DNA strands via semiconductor synthesis and enzymatic sequencing, offering petabyte-scale capacity in compact formats. Targeting cloud providers and government archives, its solutions promise 1,000-year data retention with low energy use.


Founded

2025

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Atlas Data Storage Funding History

Atlas Data Storage has raised a total of $155M across 2 funding rounds.

Atlas Data Storage's first fundraising round was a $155M seed round in May 2025. The most recent completed round was a seed round in March 2026.

Atlas Data Storage funding rounds

Atlas Data Storage funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2026Seedimec (lead)--
May 2025SeedTao Capital Partners; Rsquared VC; Earth Foundry; Bezos Expeditions; IQT; ARCH Venture Partners; Deerfield$155MAtlas Data Storage is a technology company developing end-to-end DNA data storage solutions, spun out from Twist Bioscience, which licensed its DNA data storage technology to Atlas while retaining a minority stake, upfront cash, a secured note, and rights to revenue-sharing and milestone payments. The company raised $155 million in seed funding on or around May 9, 2025, from investors including ARCH Venture Partners, Bezos Expeditions, Deerfield Management, Earth Foundry, IQT (In-Q-Tel), Rsquared VC, Tao Capital Partners, and others. It also acquired technology assets from Twist Bioscience to pioneer permanent, ultra-high-density, secure, low-cost DNA-based archive storage capable of preserving data for millennia, targeting hyperscalers, enterprises, and governments amid exploding data growth driven by AI. Led by CEO Varun Mehta (founder of Nimble Storage) and CTO Bill Banyai (Twist co-founder), with Executive Chairman George Kadifa, Atlas aims to enable greener data centers through permanent storage requiring no migration, reduced power, and minimized e-waste. The funding will scale R&D, refine lab procedures, accelerate commercialization via early access programs, and establish operations in high-demand regions. Twist announced the spinout during its Q2 2025 earnings call on May 5, 2025, allowing both entities to focus independently while maintaining ties, including Emily Leproust on Atlas's board. Atlas positions DNA storage as a revolutionary medium for addressing capacity, longevity, and sustainability challenges of traditional solutions, with potential to store billions of terabytes at low cost, power, and waste, supporting US leadership in storage technology for economic and national security impacts.

Who has invested in Atlas Data Storage?

8 investors have backed Atlas Data Storage across its funding rounds, including ARCH Venture Partners, Deerfield, IQT, Tao Capital Partners, Bezos Expeditions and Earth Foundry.

Lead investors include imec.


Atlas Data Storage Investors

Investors in Atlas Data Storage by funding rounds participated
InvestorHQRoundsRoleFirst check
Tao Capital PartnersUnited StatesSan Francisco, CA1ParticipantMay 2025
Rsquared VCUnited StatesWashington, DC1ParticipantMay 2025
Earth FoundryUnited StatesChicago, IL1ParticipantMay 2025
Bezos ExpeditionsUnited StatesWashington, DC1ParticipantMay 2025
imecBelgiumLeuven1LeadMar 2026
IQTUnited StatesWashington, DC1ParticipantMay 2025

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Acquisitions by Atlas Data Storage

Atlas Data Storage has acquired 1 company to date.

Last acquisition by Atlas Data Storage was on May 5th 2025. Atlas Data Storage acquired Twist Bioscience (DNA data storage technology) for undisclosed valuation.


Latest Acquisitions by Atlas Data Storage

Twist Bioscience (DNA data storage technology)
Description
-
HQ CountryUnited States
HQ City
-
Deal Date5 May 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Atlas Data Storage Competitors

Atlas Data Storage competitors include listed companies like Micron, CXMT, Dell and SanDisk, and private ones like VAST Data and Yangtze Memory Technologies.

Public and private companies comparable to Atlas Data Storage
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MicronUnited StatesUnited StatesPublicly listed$37B$18B$1.1T8.0x
CXMTChinaChinaPublicly listed$9.2B$5.5B$541B-
DellUnited StatesUnited StatesPublicly listed$114B$12B$374B2.4x
SanDiskUnited StatesUnited StatesPublicly listed$20B$13B$236B8.7x
VAST DataUnited StatesNew York City, NYPrivate$200M-$30B150.0x
Yangtze Memory TechnologiesChinaWuhanPrivate--$23B-

Atlas Data Storage Public Comps

Atlas Data Storage is still privately-owned, but its public comps include Micron, CXMT, Dell, SanDisk, Seagate, KIOXIA, Western Digital, Hewlett Packard Enterprise, NetApp and Everpure.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Micron$37B$18B29.0x8.0x60.3x9.6x
CXMT$9.2B$5.5B60.3x-101.9x-
Dell$114B$12B3.5x2.4x34.3x20.1x
SanDisk$20B$13B11.4x8.7x17.6x12.5x
Seagate$12B$4.2B15.2x13.6x43.8x30.8x
KIOXIA$15B$7.6B11.7x4.6x23.1x6.0x
Western Digital$13B$10B11.8x10.7x14.7x24.4x
Hewlett Packard Enterprise$34B$2.6B2.8x2.1x36.2x11.0x

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Common questions about Atlas Data Storage

When was Atlas Data Storage founded?Atlas Data Storage was founded in 2025.
Where is Atlas Data Storage headquartered?Atlas Data Storage is headquartered in San Francisco, CA, United States.
Is Atlas Data Storage publicly listed?No, Atlas Data Storage is a private, VC-backed company.
How much funding has Atlas Data Storage raised?Atlas Data Storage has raised $155M across 2 funding rounds.
What was Atlas Data Storage's last funding round?Atlas Data Storage's last funding round was a seed round in March 2026, led by imec.
Who are Atlas Data Storage's investors?Atlas Data Storage's investors include Tao Capital Partners, Rsquared VC, Earth Foundry, Bezos Expeditions, imec, IQT, ARCH Venture Partners and Deerfield.
Which companies are comparable to Atlas Data Storage?Companies comparable to Atlas Data Storage include Micron, CXMT, Dell, SanDisk, VAST Data and Yangtze Memory Technologies.
How many companies has Atlas Data Storage acquired?Atlas Data Storage has acquired 1 company, including Twist Bioscience (DNA data storage technology).

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