Atomic raises $12.5M to bring Tesla-grade supply chain AI to DoorDash
Atomic, a Boston startup founded by ex-Tesla engineers, raised $12.5M Series A led by Klass Capital and Madrona Venture Group. DoorDash uses its platform for 90% of purchasing.
Atomic, a Boston-based supply chain startup founded by former Tesla employees, has raised a $12.5 million Series A round led by Klass Capital and Madrona Venture Group. The new funding brings the company's total raised to just over $15 million.
Atomic's software simulates scenarios and recommends or automatically chooses inventory decisions. DoorDash, the food delivery giant, runs about 90% of its purchasing across hundreds of sites using Atomic's platform.
The startup's annual recurring revenue has quintupled since the beginning of this year, according to techcrunch.com. Atomic works with customers in food, CPG, mobility, and manufacturing industries.
Jeff Goodrich, a longtime Tesla planning director, joined Atomic as CTO and third co-founder. The founders built an early version of the system at Tesla during the 2018 Model 3 production ramp.
Quick answers
How much did Atomic raise in its Series A?
Atomic raised $12.5 million in a Series A round led by Klass Capital and Madrona Venture Group.
Who uses Atomic's supply chain platform?
DoorDash runs about 90% of its purchasing across hundreds of sites using Atomic's platform. Atomic also works with customers in food, CPG, mobility, and manufacturing.
Who founded Atomic?
Atomic was founded by former Tesla employees, including Jeff Goodrich, a longtime Tesla planning director who joined as CTO and third co-founder.