Funding round
Atom Computing Series A
Atom Computing, which works in quantum computer hardware manufacturing in Berkeley, raised $15M in a Series A round announced on 21 Jul 2021. 3 firms took part. It is Atom Computing's second venture round on record; the one before was a Seed in Jan 2017.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Atom Computing did not disclose a valuation in this round. It came 54 months after Atom Computing's Seed. It is 3.1% of the $480M Atom Computing has raised in the venture rounds on record. Atom Computing raised again 6 months later: a Series B round of $60M in Jan 2022.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Venrock backs 93 venture-backed companies new investor
- Innovation Endeavors backs 110 venture-backed companies new investor
- backs 62 venture-backed companies new investor
Joined the board: Rob Hays and Bill Jeffrey.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
17 Series A rounds in Device Manufacturing within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median. The closest in time, other companies' Series A rounds in Device Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Device Manufacturing | 26 May 2021 | $19M | not disclosed | not named |
| Device Manufacturing | 12 Sep 2021 | $5.9M | not disclosed | zVentures |
| Device Manufacturing | 1 Oct 2021 | $8.7M | not disclosed | not named |
| Device Manufacturing | 19 Oct 2021 | $6.0M | not disclosed | Brick & Mortar Ventures |
| Device Manufacturing | 18 Mar 2021 | $3.5M | not disclosed | not named |
| Device Manufacturing | 27 Jan 2022 | $18M | not disclosed | Spark Capital |
| Device Manufacturing | 11 Jan 2021 | $15M | not disclosed | GGV纪源资本 |
| Device Manufacturing | 25 Jan 2022 | $15M | not disclosed | Capital TEN |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Atom Computing raise in its Series A round?
Atom Computing raised $15M in its Series A round, announced in Jul 2021.
Which investors took part in Atom Computing's Series A round?
Venrock, Innovation Endeavors and Prelude Ventures.
What was Atom Computing's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Device Manufacturing?
17 Series A rounds in Device Manufacturing within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median.
Did Atom Computing raise again after this round?
Yes: a Series B round in Jan 2022 of $60M.