Atomicwork, a startup focused on improving the employee experience at work, has emerged from stealth mode with an $11 million seed funding round. Blume Ventures and Matrix Partners spearheaded the funding round, backed by Storm Ventures, Neon Fund, and notable angel investors.
For those who are not familiar with the startup scene, ‘stealth mode’ means that a startup company is launched with a certain level of confidentiality. Certain information about the business or products are usually kept confidential from competitors.
Leverages AI to enhance employee experience
In a world where remote and office work coexist, Atomicwork deploys artificial intelligence (AI) to streamline employee interactions with various daily tools. The platform seamlessly integrates with platforms like Slack and Microsoft Teams. It also utilise conversational intelligence to automate support, service delivery, and operations on a large scale.
Atomicwork’s AI assistant, Atom, uses company processes and shared knowledge to help employees without human intervention. It aims to make things smoother for both employees and companies.
During their stealth phase, the Atomicwork team conducted a survey of leaders from mid-market businesses and large corporations. They found that 80% of the bosses were dissatisfied with their company’s worker experience. This has negatively impacting employee morale and productivity.
According to Atomicwork, this aligns with the 2022 industry studies from Willis Towers Watson (also known as WTW). The WTW study reveals that 92% of employers across sectors expressed intentions to invest in their employee experience over the next 3 years.
Aims to improve efficiency and productivity
Vijay Rayapati, CEO and Co-Founder of Atomicwork, highlighted that the company wants to help businesses provide a better employee experience with efficiency. Businesses can shift from just supporting employees to making them successful, aligning their productivity with business goals.
Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork boasts a team with a strong track record in the tech industry. Vijay, a SaaS veteran, previously led Minjar before its acquisition by Nutanix. On the other hand, Kiran and Parsuram played pivotal roles in taking Freshworks from startup to a publicly traded company in just over a decade.