The CEO of Tray, Rich Waldron, together with Abhinav Dhar, the former CIO of TransUnion, Prasad Ramakrishnan, the CIO and technology leader, and Avanish Sahai, the former ecosystem leader at Salesforce, ServiceNow, and Google Cloud, contributed an additional $3 million to the seed round of funding for B2B SaaS startup Atomicwork.
The round also included participation from the company’s current investors, including Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund.
This is the company’s second seed round tranche. Atomicwork raised $11 million in September of last year, with the help of Blume Ventures and Matrix Partners India. This brings the startup’s total funding to $14 million.
According to a press release from the company, the money raised will be utilized for enterprise AI agent technology and to support the GTM team’s growth in the US over the next three years.
Founded in September 2022 by Parsuram Vijayasankar, Kiran Darisi, and Vijay Rayapati, Atomicwork offers software that streamlines processes related to finance, human resources (HR), IT, and information technology (IT). By gathering tribal knowledge from throughout the company and storing it in documents, wikis, information systems, email threads, and chat conversations, it enables businesses to provide immediate assistance to their employees.
Before Nutanix, a publicly traded cloud infrastructure company in the US, bought Minjar for roughly $50 million, Rayapati had founded the latter, raising $2 million. In Minjar’s first funding round, Blume also made an investment. The founding group of SaaS unicorn Freshworks included Darisi and Vijayasankar.
