matrix partners india: Atomicwork raises $11 million in funding led by Matrix Partners India, Blume Ventures
Other investors in the round include Storm Ventures, Neon Fund and angel investors, per a statement. The startup will invest in product development, engineering and marketing activities in the coming months, the statement added.
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The company provides software that automates workflows under the information and technology (IT), human resources (HR), finance and other business functions.
Atomicwork sits on top of collaboration tools such as Slack and Microsoft Teams and uses conversational intelligence to automate support, service delivery and operations at scale.
“Businesses implement too many point solutions and complex processes, leading to productivity loss and unnecessary friction. Our goal with Atomicwork is to offer a solution to streamline internal operations through great employee experience and good efficiency,” said founder and CEO Vijay Rayapati.
Atom, Atomicwork’s artificial intelligence (AI)-powered assistant, learns from internal documentation and conversations to assist employees with their questions and requests without human intervention.
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Beyond San Francisco and Bengaluru, the startup also houses offices in Singapore and Chennai.Atomicwork was founded in September 2022 by Rayapati, Kiran Darisi and Parsuram Vijayasankar. Rayapati’s previous startup, Minjar, was acquired in 2018 by Nutanix, where he served as vice president and general manager before leaving to start Atomicwork. Darisi and Vijayasankar were both part of the founding team of Freshworks.
“Blume’s relationship with this special group of entrepreneurs began many years ago, thanks to a prior fund. We’re very excited to invest in this transformative space and support Atomicwork as they reshape the future of employee experience and success,” said Sanjay Nath, partner at Blume Ventures.
Pranay Desai, principal at Matrix Partners India, added that the problem of employee support and experience has been crying out for innovation and that Atomicwork’s approach is modern and user-led.
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