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SaaS Firm Atomicwork Raises $25 Mn Funding In Series A Round

Atomicwork, a provider of agentic service management solutions for enterprise IT, has raised $25 million in a Series A funding round led by Silicon Valley-based Khosla Ventures and Z47 (formerly Matrix Partners India).

By Jitendra Das
New Update
SaaS Firm Atomicwork Raises $25 Mn Funding In Series A  Round

Atomicwork, a provider of agentic service management solutions for enterprise IT, has raised $25 million in a Series A funding round led by Silicon Valley-based Khosla Ventures and Z47 (formerly Matrix Partners India).

The funding round also saw participation from Battery Ventures, Blume Ventures and Peak XV Partners.

The company plans to use the funds to help achieve its goal of transforming IT service management with its AI-powered platform, which will help businesses update their operations and grow.

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Vijay Rayapati, cofounder and chief executive of Atomicwork, said, "We are pioneering agentic service management to transform how companies manage their IT workflows and enterprise services. This investment is a significant milestone, validating our vision of a future where smarter IT teams drive business growth and companies are empowered by technology, not bogged down by it."

“Atomicwork’s AI agents can autonomously handle everyday IT services, and employees can then focus on actually growing the business,” said Kanu Gulati of Khosla Ventures.

Pranay Desai, Managing Director at Z47, said, “Atomicwork has built a remarkable team and proven technology, and we’ve witnessed firsthand how they’re transforming IT service management for global businesses. Their potential is immense to redefine the future of enterprise IT with Agentic AI. Having been part of their journey since the seed round, we’re thrilled to continue our partnership and support their next phase of growth.”

About Atomicwork 

Atomicwork was founded in 2022 by Vijay Rayapati, Kiran Darisi and Parsuram Vijayasankar. The company has offices in Singapore and India. Atomicwork offers software that automates tasks in areas like IT, human resources (HR), finance and other business functions.

Before starting Atomicwork Rayapati founded Minjar, which was acquired by Nutanix in 2018 where he worked as VP and GM. Darisi and Vijayasankar played key roles in growing Freshworks from a startup to a publicly traded company.

The startup helps businesses lower IT service costs and boost productivity with its service management platform. By automating IT tasks, it says it can cut resolution times by 90%.

Several global companies, including Zuora and Pepper Money, already use Atomicwork’s platform for smooth service, smart automation and valuable insights, which improve productivity and the digital workplace experience.

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