Atomicwork secures an additional $3 million in seed funding from global tech leaders

Atomicwork Founders L to R - Kiran Darisi, Vijay Rayapati and Parasuram Vijaysankar

Atomicwork, a Business-to-Business (B2B) Software-as-a-Service (SaaS) startup, announced on September 24 that it has raised an additional $3 million in its seed funding round. This brings the total raised to approximately $14 million, with the latest investment led by a group of global chief technology officers (CTOs) and chief information officers (CIOs).

While there were no new VC investments in the round, global leaders including Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, veteran CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray.ai have participated in the round.

The firm's existing investors like  Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund have also participated in the round.

The new funding will be utilised for enterprise AI agents technology, and fuel the firm's GTM team expansion in the United States over the next 3 years, Vijay Rayapati, cofounder and CEO told Moneycontrol. 

“This strategic round not only brings us the financial resources we need to grow but also invaluable insights and expertise from some of the brightest minds in enterprise IT. We are excited about what the future holds as we continue to innovate and deliver value to our customers,” Rayapati said.

In September 2023, the firm raised $11 million in its seed funding round led by Matrix Partners and Blume Ventures.

Founded in 2022 by Rayapati, Kiran Darisi and Parsuram Vijayasankar, Atomicwork is an employee success solution that brings employees, IT systems, and HR operations together to drive business impact across any organisation.

Rayapati was the founder of SaaS firm Minjar in Bengaluru, which was acquired in 2018 by US-based Nutanix for an undisclosed amount. Darisi and Vijayasankar come from the Freshworks' founding team where Darisi was the VP and engineering and Vijayasankar was the cofounder of Freshworks.

The funding comes at a time when India's startup ecosystem is signaling that the funding winter is finally thawing, with investors opening their wallets to back promising startups.

On the same day, three startups, M2P Fintech, Nurix AI, and Atlys, have secured substantial investments, totalling millions of dollars.

Atomicwork has also made some recent appointments of Lenin Gali as Chief Business Officer and Vandana Rao as Head of Customer Growth.

"This strategic round adds established and experienced enterprise IT, business and technology leaders to Atomicwork's advisory board, and strengthens the company's modern service management vision," Rayapati added.