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Atomic, an ex-Tesla supply chain startup, raises $12.5M Series A led by Klass Capital and Madrona Venture Group.
Atomic, a supply chain automation startup founded by former Tesla executives, has closed a $12.5 million Series A funding round. The round was led by growth equity firm Klass Capital and Seattle-based Madrona Venture Group, bringing total funding to over $15 million. The company uses AI and simulation to optimize inventory decisions for customers including DoorDash and HelloFresh. Atomic has also appointed Jeff Goodrich, a longtime Tesla planning director, as CTO and third co-founder.
Company Information
Company
Atomic
Location
Boston, Massachusetts, United States
About
Atomic is a supply chain optimization startup founded by ex-Tesla engineers that uses AI to automate inventory management and purchasing decisions. The company simulates scenarios and provides recommendations or autonomous decisions for how much inventory companies should have and where. Atomic serves enterprise customers including DoorDash and HelloFresh, helping reduce waste and spoilage while improving operational efficiency. The platform adapts to different industries including consumer packaged goods, mobility, and manufacturing.
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BostonSoftwareArtificial IntelligenceSupply Chain ManagementLogistics