Home Insight FUNDING NEWS- Newly Funded Startups 2024 HRtech Platform Atomicwork Raises Additional $3 Mn Seed Funding

[Funding News] HRtech Platform Atomicwork Raises Additional $3 Mn Seed Funding

[Funding News] HRtech Platform Atomicwork Raises Additional $3 Mn Seed Funding
[Funding News] HRtech Platform Atomicwork Raises Additional $3 Mn Seed Funding
[Funding News] HRtech Platform Atomicwork Raises Additional $3 Mn Seed Funding
Kiran Darisi, Vijay Rayapati, and Parsuram Vijayasankar, Atomicwork founders

HRtech platform Atomicwork secures a new $3+ million strategic funding round backed by 40+ global CIOs, CTOs, and industry veterans. With this, the total amount raised has reached over $14 million.

Leading executives worldwide including Abhinav Dhar, the former CIO of TransUnion, Prasad Ramakrishnan, the seasoned CIO and technology leader, Avanish Sahai, the former ecosystem leader at Salesforce, ServiceNow, and Google Cloud, and Rich Waldron, the CEO of Tray.ai, participated in the round even though there were no new venture capital investments.

“We are thrilled to have the support of such an esteemed group of CIOs, CTOs and CXOs. This strategic round not only brings us the additional financial resources to support our next 3 years growth but also invaluable expertise from some of the brightest minds in enterprise IT and business technology. We are excited about what the future holds as we continue to innovate and deliver value to our customers,” Vijay Rayapati, co-founder and CEO of Atomicwork added.

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This investment will support Atomicwork’s GTM team expansion in the US over the next three years and further accelerate the company’s journey toward investing in enterprise AI agents technology. With this strategic round, Atomicwork’s advisory board now includes seasoned and seasoned professionals in enterprise IT, business, and technology, further solidifying the company’s modern service management strategy.

Abhinav Dhar, former CIO of TransUnion, now an investor in Atomicwork, said, “Today’s enterprises are often trapped in a maze of fragmented information, disjointed business applications, and inefficient workflows. This fragmentation isn’t just a productivity drain; it stifles collaboration and innovation across the board. In this AI era, it’s clear that a modern approach to service management is essential. Atomicwork is pioneering a solution to this challenge, offering a platform that seamlessly unifies these disparate systems in an intuitive and engaging user experience that employees will love.

Storm Ventures, Blume Ventures, Z47 (previously Matrix Partners), and Neon Fund are among the current investors in Atomicwork. They have all taken part in this new cycle.

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Jay Ashok Modh, the CEO of Intuitive Cloud, also agrees on the challenge of fragmentation. “As a digital advisor to enterprises, every day we deal with the fragmentation of applications and workflows. At Intuitive Cloud, we are very excited to invest in Atomicwork on this journey and partner with them to deliver modern service management platform to global businesses.”

Sanjay Nath, co-founder and partner at Blume Ventures, remarks “Atomicwork has been seeing strong early momentum from global customers across industries, who are looking for a modern alternative to legacy, clunky and outdated service management solutions. The team has built a world-class product and this is further validated by this investment round by leading global CIOs and CXOs who want to be part of the Atomic journey. We are elated to continue supporting Atomicwork as they re-imagine and build the modern service management platform of the future,” he said.

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“Enterprises in the US have welcomed Atomicwork and are already upgrading from old tools to its modern service management stack. Seeing so many enterprise CIOs in the US now place their trust by directly investing in Atomicwork is a testimonial to the team and their vision for the domain”, Siddharth Ahluwalia, Managing partner of Neon Fund said.

About Atomicwork

Atomicwork is the leading provider of modern service management software, empowering IT teams to automate employee support and service delivery through AI.

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