Atoms Valuation, Funding & Investors

Atoms is valued at $15B as of November 2021.

See full Atoms profile

Last Atoms valuation

$15B

Undisclosed stage · Nov 2021

Last Atoms funding round

$1.7B

Undisclosed stage · Jul 2026

Cumulative funding Atoms raised

$3B

across 3 funding rounds

Key investors in Atoms

  • Andreessen Horowitz
  • SV Angel
  • Bain Capital Ventures
  • Abstract
  • Microsoft
  • Fifth Wall

Atoms Overview

About Atoms

Atoms is a robotics startup developing task-specific industrial robots and physical AI systems for mining, transport, and food operations. Specialized machines boost productivity in labor-intensive settings via sensors and data models. Segments cover food preparation infrastructure, mining extraction efficiency, and transport wheelbase platforms.


Founded

2026

HQ

United StatesLos Angeles, CA

Website

atoms.co

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$15B (Nov 2021)

Atoms Valuation

Atoms is currently valued at $15B, based on its undisclosed-stage round in November 2021. Read the announcement ↗

The $850M round included Microsoft and King Street Capital Management.

Atoms' valuation has grown 3.0x from $5B at its undisclosed-stage round in January 2019 to $15B in November 2021, across 2 priced rounds.

Atoms valuation by funding round

Atoms valuation by funding round
DateStageValuation
Nov 2021Undisclosed stage$15B
Jan 2019Undisclosed stage$5B

Atoms Funding History

Atoms has raised a total of $3B across 3 funding rounds, plus 1 secondary share sale.

Atoms' first fundraising round was a $400M undisclosed-stage round in January 2019. The most recent completed round was a $1.7B undisclosed-stage round in July 2026.

Atoms funding rounds

Atoms funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Undisclosed stageAndreessen Horowitz (lead); K5 Global; SV Angel; Uber; Fifth Wall; Bain Capital Ventures; Alpha Square Group; Abstract; Chemistry; A*$1.7B-Travis Kalanick’s Atoms raised USD 1700 million in an equity financing round led by Andreessen Horowitz, with Ben Horowitz joining the board. The round included Bain Capital, Fifth Wall, Chemistry, K5 Global, Abstract, SV Angel, Alpha Square Group, and Uber as equity participants, while Bank of America, Goldman Sachs, Wells Fargo, JP Morgan, and Barclays were listed as debt partners; the size of any debt facility was not disclosed. The financing supports Atoms’ move out of stealth and into a more public operating profile as it builds physical AI and industrial robotics businesses. The company has described its focus as the “digitization of the physical world,” spanning industrial robotics, autonomous mining, and transportation. Atoms’ post-money valuation was not disclosed in the available reporting. Atoms is Travis Kalanick’s rebranded holding entity, formerly City Storage Systems, and the company says it is expanding from its prior food-delivery infrastructure orientation into industrial automation and robotics. Earlier company history in the results shows Atoms had previously raised USD 31 million across Series A and Series A+ rounds led by Ant Group and Cathay Innovation.
Nov 2021Undisclosed stageMicrosoft; King Street Capital Management$850M$15BCloudKitchens is a ghost kitchen infrastructure platform that rents kitchen space and provides software to restaurant brands and food operators. Founded in 2016 and acquired by Uber founder Travis Kalanick in 2018, the company operates a vertically integrated model combining real estate, point-of-sale software, and marketing services across hundreds of locations globally. In November 2021, CloudKitchens closed an $850 million funding round (a mix of debt and equity) that valued the company at $15 billion, tripling its valuation from $5 billion in 2019. Major investors in the round included Microsoft and King Street Capital Management. The company had expanded significantly during the COVID-19 pandemic as food delivery demand surged, operating over 50 active US locations and dozens more internationally, with major customers including Chick-fil-A, Applebee's, Wendy's, and Taco Bell. Based on an unverified revenue estimate of $1.1 billion LTM at the time of the round, the $15 billion valuation represented a 13.6x revenue multiple. CloudKitchens had invested heavily in real estate, acquiring approximately 40 properties across 24 cities with expenditures exceeding $130 million, and employed over 4,000 people worldwide.
Jan 2019Undisclosed stageSaudi Arabia's Public Investment Fund (lead)$400M$5BCloudKitchens, founded by former Uber CEO Travis Kalanick, operates shared kitchen spaces known as ghost kitchens, purchasing cheap real estate near city centers to build commissary kitchens rented to restaurants preparing food exclusively for delivery services like DoorDash and Grubhub. The company also runs its own delivery-only restaurants and provides additional services including maintenance, logistics support, and software tools for managing online orders. In January 2019, Saudi Arabia's Public Investment Fund (PIF) invested $400 million in CloudKitchens, a deal reportedly in discussion since spring 2018, valuing the company at about $5 billion post-investment. This marked one of PIF's first major Silicon Valley investments following the Jamal Khashoggi incident and reunited Kalanick with a former Uber backer that had invested $3.5 billion in Uber in 2016. Prior to the PIF round, Kalanick personally funded CloudKitchens with $200 million from Uber share sale proceeds, followed by another $100 million in January 2019, bringing total funding to at least $700 million. The investment supported global expansion into markets including multiple U.S. cities, China, India, and the United Kingdom, alongside acquisitions of about 10 companies and over 100 properties worldwide. PIF governor Yasir al-Rumayyan, who oversees the fund and sits on Uber's board alongside Kalanick, facilitated the deal initially discussed at the Future Investment Initiative conference in Riyadh. CloudKitchens competes in the growing ghost kitchen sector with players like Reef Technology, backed by SoftBank (including PIF capital), and Kitchen United, supported by Google Ventures. The model faces questions on profitability amid restaurant industry saturation and parallels to overvalued concepts like WeWork. In the Middle East and North Africa, online food delivery revenues exceeded $2.8 billion in 2019, with significant operator reliance on delivery, though CloudKitchens later operated there as KitchenPark in UAE, Bahrain, Saudi Arabia, and Kuwait, exploring IPO plans paused as of recent reports.
Mar 2018Secondary10100 fund (lead)$150M-City Storage Systems is a Los Angeles-based real estate company focused on redeveloping distressed properties into infrastructure for cloud kitchens and cloud retail, enabling food operators to launch delivery-only locations. Travis Kalanick's 10100 fund invested $150 million on March 20, 2018, to acquire a controlling interest in the company, with Kalanick becoming CEO. The transaction marked the fund's first investment, supported by other Silicon Valley investors including Sky Dayton. This $150 million funding round represented the company's total funding to date, with no prior rounds identified. City Storage Systems operates businesses like CloudKitchens, which repurposes strip malls and parking lots into shared kitchen facilities, delivery services, and marketing support for food entrepreneurs.

Who has invested in Atoms?

14 investors have backed Atoms across its funding rounds, including Andreessen Horowitz, SV Angel, Bain Capital Ventures, Abstract, Microsoft and Fifth Wall.

Lead investors include Andreessen Horowitz, Saudi Arabia's Public Investment Fund and 10100 fund.


Atoms Investors

Investors in Atoms by funding rounds participated
InvestorHQRoundsRoleFirst check
K5 GlobalUnited StatesSan Francisco, CA1ParticipantJul 2026
SV AngelUnited StatesSan Francisco, CA1ParticipantJul 2026
MicrosoftUnited StatesSeattle, WA1ParticipantNov 2021
UberUnited StatesSan Francisco, CA1ParticipantJul 2026
King Street Capital ManagementUnited StatesUnited States1ParticipantNov 2021
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadJul 2026
Saudi Arabia's Public Investment FundSaudi ArabiaRiyadh1LeadJan 2019
Fifth WallUnited StatesLos Angeles, CA1ParticipantJul 2026
Bain Capital VenturesUnited StatesSan Francisco, CA1ParticipantJul 2026
Alpha Square GroupUnited StatesNew York City, NY1ParticipantJul 2026
AbstractUnited StatesSan Francisco, CA1ParticipantJul 2026
ChemistryUnited StatesSan Francisco, CA1ParticipantJul 2026

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Acquisitions by Atoms

Atoms has acquired 3 companies to date.

Last acquisition by Atoms was on April 5th 2026. Atoms acquired Pronto for undisclosed valuation.


Latest Acquisitions by Atoms

Pronto
Nano
FoodStars
Description
Pronto is a provider of autonomous haulage systems for off-road mining and industrial sites worldwide. Its electric driverless trucks navigate rugged terrains using LiDAR, radar, and AI pathfinding, integrated with fleet management software for 24/7 operations. Deployed in Australian quarries and North American construction projects, Pronto's vehicles handle payloads up to 50 tons with collision avoidance protocols.
Nano is a Mexico City-based startup operating a network of hubs for on-demand delivery in Latin America, supporting dark kitchens, dark stores, and virtual restaurants. The infrastructure enables last-mile logistics for food and grocery services. Launched to capitalize on e-commerce growth, Nano streamlines operations for delivery platforms across Mexico.
FoodStars is a network of shared commercial kitchens in London neighborhoods including Shoreditch, Vauxhall, Bermondsey, and Bethnal Green. Opened in Bethnal Green in November 2015, it provides hourly rentals equipped with combi ovens, blast chillers, and packaging lines. The facilities support 200 food startups annually, complying with EHO standards for scaling ghost kitchens and meal prep brands.
HQ CountryUnited StatesMexicoUnited Kingdom
HQ City
San Francisco, CA
Monterrey
London
Deal Date5 Apr 20261 Jul 20201 Apr 2019
Valuationundisclosed$20Mundisclosed
EV/Revenue
EV/EBITDA

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Atoms Competitors

Atoms competitors include listed companies like RoboTechnik, Siemens India, ABB India and Daifuku, and private ones like DJI and Hadrian.

Public and private companies comparable to Atoms
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RoboTechnikChinaChinaPublicly listed$142M$2M$15B64.3x
Siemens IndiaIndiaIndiaPublicly listed$2.6B$369M$14B5.9x
ABB IndiaIndiaIndiaPublicly listed$1.4B$214M$16B10.0x
DaifukuJapanJapanPublicly listed$4.2B$731M$13B2.5x
DJIChinaShenzhenPrivate$1B-$8B8.0x
HadrianUnited StatesNew York City, NYPrivate--$7.9B-

Atoms Public Comps

Atoms is still privately-owned, but its public comps include RoboTechnik, Siemens India, ABB India, Daifuku, Belimo, Fuji Electric Co., Moog, Advantech, Cognex and SUPCON Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RoboTechnik$142M$2M106.4x64.3x7460.5x330.6x
Siemens India$2.6B$369M5.4x5.9x37.6x55.8x
ABB India$1.4B$214M11.0x10.0x69.9x69.8x
Daifuku$4.2B$731M2.7x2.5x15.6x14.4x
Belimo$1.4B$319M9.0x7.8x38.5x31.3x
Fuji Electric Co.$7.8B$1.3B1.6x1.5x9.5x9.5x
Moog$3.9B$488M3.3x2.9x26.1x19.4x
Advantech$2.2B$430M8.4x6.2x43.4x30.9x

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Common questions about Atoms

When was Atoms founded?Atoms was founded in 2026.
Where is Atoms headquartered?Atoms is headquartered in Los Angeles, CA, United States.
Is Atoms publicly listed?No, Atoms is a private, VC-backed company.
What is Atoms' valuation?Atoms was last valued at $15B in its undisclosed-stage round in November 2021.
How much funding has Atoms raised?Atoms has raised $3B across 3 funding rounds.
What was Atoms' last funding round?Atoms' last funding round was a $1.7B undisclosed-stage round in July 2026, led by Andreessen Horowitz.
Who are Atoms' investors?Atoms' investors include K5 Global, SV Angel, Microsoft, Uber, King Street Capital Management, Andreessen Horowitz, Saudi Arabia's Public Investment Fund, Fifth Wall, Bain Capital Ventures, Alpha Square Group and 4 others.
Which companies are comparable to Atoms?Companies comparable to Atoms include RoboTechnik, Siemens India, ABB India, Daifuku, DJI and Hadrian.
How many companies has Atoms acquired?Atoms has acquired 3 companies, including Pronto, Nano and FoodStars.
What was the largest acquisition by Atoms?The $20M acquisition of Nano in July 2020 is the largest acquisition Atoms has made to date.

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