Travis Kalanick and a16z: $1.7B for a New Stage in Robotics

Friends, here is a notable update from the technology and industrial sectors. Travis Kalanick’s company, Atoms, has raised $1.7 billion in a round led by Andreessen Horowitz.

Ben Horowitz will join the board of directors. The deal also included Bain Capital, Fifth Wall, and Uber, which is especially notable given Kalanick’s return to the company he founded.

Atoms grew out of CloudKitchens and, according to Kalanick, is set to become a platform for robotics and the automation of the physical world.

Why this matters: major capital is once again backing robots and automation in the real economy.

How do you assess this shift for the robotics market? #robotics #AI #startups #investment