Travis Kalanick's Atoms Raises $1.7 Billion in Funding Round

Travis Kalanick's robotics company Atoms has completed a $1.7 billion funding round led by Andreessen Horowitz, with Ben Horowitz set to join the board. According to ChainCatcher, the round also included equity investment from Bain Capital, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel, Alpha Square Group, and Uber. Horowitz said his investment thesis focuses on specialized robots rather than humanoid robots, arguing that in heavy industry, specialized robots are better suited to perform most tasks.