Uber backs Travis Kalanick's Atoms in $1.7 billion robotics round

Atoms, Travis Kalanick’s robotics company, closed a $1.7 billion equity round on Wednesday. It had backing from Andreessen Horowitz.

The check is one of the largest so far in a physical AI funding boom that has already pulled in record capital in 2026.

Uber invests in the founder it once forced out

Andreessen Horowitz is the lead investor, and its general partner Ben Horowitz is getting a seat on the board. On the equity side, new investors include Bain Capital, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel and Alpha Square Group.

The round saw investment from Uber, a company Kalanick co-founded. It’s been about ten years since its board pushed him out as CEO in 2017. The ousting came after complaints of sexual harassment, discrimination and workplace culture.

But Kalanick saw the deal as a reconciliation, not just with Uber. He wrote on X that a collaboration with Marc Andreessen and Ben Horowitz almost happened back in 2011. “In 2017 Uber suffered the consequences of not having Marc on the board – iykyk,” he wrote.

The debt partners, including five banks, are listed separately from the equity round. The banks are Bank of America, Goldman Sachs, Wells Fargo, JP Morgan and Barclays. The size of any loan facility was not disclosed.

Atoms is a holding company. Kalanick has piled it on top of two businesses he built after leaving Uber. One is CloudKitchens, his ghost kitchen operation. The other is Pronto, a heavy-industry automation company, which he bought in March 2026 from former Uber colleague Anthony Levandowski.

The resulting company will be divided into three divisions, Atoms Food, Atoms Mining and Atoms Transport. The companies are aimed at food production, mining and heavy transport.

In his X post, Kalanick said Atoms is an OEM that makes “atoms-based computers.” He said the money was “fuel to complete the bits-to-atoms story arc we started at Uber, continued at CloudKitchens and will now finish at Atoms.”

Horowitz was more blunt. “Travis Is Back,” he wrote. Machines built for a purpose, not humanoids, were best suited for heavy industry, he explained. “The specialized ones are far better suited to most of those jobs,” he wrote. And he marketed the upside as productivity.

“To repeat the same thing Uber did for transportation, or that computers did for the digital world: to make everything and everyone more productive,” he said. That, he said, is the best use of AI and robotics.

Robotics funding hits a record while Atoms stays quiet on numbers

Money is pouring into robots that function in the real world. Global funding in robotics was $55.8 billion through early June of 2026, according to data from Dealroom. That’s almost double the prior full-year record.

The day before Atoms went public, UK startup Humanoid raised $152 million at a $1.35 billion valuation, Reuters said. On July 16, Grid Dynamics revealed a physical AI partnership with Doosan Robotics. The deal points to a shift in the sector from fundraising to deployment.

AI models also show the pace. Cryptopolitan reported that Mistral released Robostral Navigate on July 8. The 8-billion-parameter system steers a robot using a single camera and a plain language instruction. In simulation, the system achieved a 76.6% score on the R2R-CE unseen benchmark.

Kalanick’s X post laid out a vision. Atoms hasn’t disclosed a post money valuation. It has not released any number for debt. It has not provided any commercial traction figures for Food, Mining or Transport.

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