Elon Musk’s The Boring Company reportedly in talks for funding at nearly $20 Bn valuation

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July 25, 2026

Elon Musk’s tunnel construction startup, The Boring Company, is reportedly negotiating a new funding round that could value the company at approximately $20 billion, according to a report published.

The report stated that the company is seeking to raise around $4 billion through the proposed financing. However, the funding round has not yet been finalized, and the terms of the deal remain subject to change.

The Boring Company did not immediately respond to requests for comment outside regular business hours.

Founded by Elon Musk, whose business portfolio includes Tesla, SpaceX, and Neuralink, The Boring Company focuses on developing tunneling technology and transportation systems designed to move passenger pods through underground, low-pressure tubes connecting cities.

The startup last secured major funding in 2022, when it raised $675 million, resulting in a company valuation of $5.7 billion.

In the United States, The Boring Company operates the Vegas Loop in Las Vegas, Nevada, a transportation system that began carrying passengers in 2021. According to the company’s website, the network has transported more than 3 million passengers across its eight stations.

The Boring Company is pursuing a fresh funding round that could significantly increase its valuation to about $20 billion. While discussions to raise approximately $4 billion are ongoing, the deal has not yet closed, and the terms may still change. If completed, the fundraising would mark a substantial jump from the company’s $5.7 billion valuation achieved in 2022 while underscoring continued investor interest in its underground transportation technology.

Fractal reports 20% revenue growth in Q1 FY27 as net income rises 92%

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July 24, 2026

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Fractal Analytics Ltd has announced its consolidated financial results for the first quarter of FY27 ended June 30, 2026, reporting higher revenue, improved profitability and continued momentum across key industry verticals.

The company reported consolidated operating revenue of Rs 912.5 crore in Q1 FY27, representing a 20% year-on-year (YoY) increase.

The Healthcare and Life Sciences (HLS) segment led the company’s growth, recording 69% YoY growth during the quarter. Sustained expansion in HLS over the past several quarters has made it the second-largest industry in Fractal’s portfolio.

The Banking, Financial Services and Insurance (BFSI) segment also delivered strong performance, growing 36% YoY in Q1 FY27.

Meanwhile, Consumer Packaged Goods and Retail (CPGR), the company’s largest industry segment, maintained its growth momentum with a 19% YoY increase. In contrast, the Technology, Media and Telecommunications (TMT) segment declined 22% YoY during the quarter.

Fractal continued to strengthen customer relationships, with clients increasing their spending on the company’s services. This resulted in a Net Revenue Retention (NRR) of 117% in Q1 FY27. The company also reported a Net Promoter Score (NPS) of 77 during the period.

The company improved profitability across all key metrics during the quarter. Gross Margin stood at 46%, while Adjusted EBITDA Margin expanded by 189 basis points YoY to 17%. Net Income increased 92% YoY to Rs 72.3 crore.

Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said, “Enterprises are putting real transformation budgets behind AI now, and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing. As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”

Fractal’s Q1 FY27 performance reflects continued demand for AI-driven enterprise solutions, with strong growth in Healthcare and BFSI, expanding profit margins and rising customer engagement helping offset weakness in the TMT segment.

Elixiir Foods launches FreshTerra retail brand with first store in Gurugram

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July 24, 2026

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Elixiir Foods launches FreshTerra retail brand with first store in Gurugram — Arvind Mediratta and Ambuj Narayan, Founders, Elixiir Foods

Fresh grocery and gourmet foods platform Elixiir Foods has entered the offline retail segment with the launch of its first store under the FreshTerra brand, intensifying competition in India’s premium grocery market.

Arvind Mediratta and Ambuj Narayan, both retail veterans, founded Elixiir Foods after securing $9 million in seed funding led by 3one4 Capital, with participation from Incubate Fund Asia.

The first FreshTerra outlet is now operational in Gurugram, and the company plans to open 12-15 additional stores across the Delhi-NCR region by FY28.

Commenting on the company’s retail strategy, Arvind Mediratta, Founder and Chief Executive of Elixiir Foods, said, “We are applying a survival of the strictest standard across all categories – from live-milled flours and cold-pressed oils to certified organic staples and direct farm produce.”

India’s gourmet foods market continues to expand rapidly. IMARC Group valued India’s gourmet foods market at US $5.4 billion in 2025 and projected it to reach annual sales of US $24.5 billion by 2034. The research firm attributed the category’s significant growth to the expansion of boutique bakeries, premium dessert offerings, specialised retail networks, and e-commerce platforms.

Highlighting the company’s target customer base, Mediratta, who previously held leadership positions at Metro Cash & Carry and Walmart India, said, “We are reaching out to consumers who are health-conscious and willing to pay a premium for good quality food. Younger consumers too are very conscious about what they’re eating; they’re reading labels and researching ingredients – that’s where our focus is.”

Investor interest in the gourmet and fresh foods segment has also been increasing. Last month, gourmet retailer Foodstories raised Rs 50 crore from Zerodha co-founder Nikhil Kamath, with participation from existing investor Narotam Sekhsaria Family Office.

Speaking about the company’s operational approach, Ambuj Narayan, Co-founder of Elixiir Foods, who has previously held leadership roles at Titan, Metro Cash & Carry and Walmart India, said, “We’re designing our backend supply chain and app experience to ensure that shopping is transparent and seamless.”

The FreshTerra stores will be company-operated rather than franchised. The outlets will offer farm-sourced fruits and vegetables; antibiotic- and chemical-free meats, poultry and seafood; organic staples and condiments; along with private-label FreshTerra products at competitive prices.

The launch of FreshTerra marks Elixiir Foods’ entry into India’s fast-growing premium grocery retail segment, with the company focusing on quality, transparency and health-conscious food choices as it expands its footprint across Delhi-NCR.

Grovy India reports 74% growth in PAT at Rs 1.9 cr in Q1 FY27

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July 24, 2026

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New Delhi, July 24, 2026: BSE-listed Grovy India Limited announced its financial results for the first quarter of FY27. The company’s net profit jumped 74% YoY to Rs 1.9 crore in Q1 FY27.

The total revenue during this period also saw a substantial jump of 233% YoY at Rs 27.58 crore.

The South Delhi-headquartered company recorded an 114% jump in net profit and a 249% jump in total revenue on a QoQ basis. The robust numbers reflect strong project execution, improved profitability and disciplined capital allocation.

Ankur Jalan, Director, Grovy India Limited, said, “The strong numbers reflect our continued focus on operational efficiency, disciplined execution, and strategic growth.”

Jalan further added that South Delhi continues to witness strong demand, which remains a resilient premium residential market with strong long-term potential. Supported by sustained premium residential demand, we believe South Delhi is positioned for stronger growth compared to many other markets, reinforcing our positive outlook for the coming years.

“Further, with our running inventory in hand and our strategic collaboration with Golden Growth Fund, we believe the Company is well positioned to achieve a 2-3x increase in project development over the next few years.”

The company is currently executing 10 residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets, which are expected to be delivered between Q3 FY27 and Q3 FY28.

Grovy India during the quarter also acquired three new premium residential projects spanning approximately 50,000 sq. ft. in South Delhi.

The company said it aims to scale execution towards 20–25 projects annually over the next three years, subject to market conditions and project availability.

Over the next 3 years, subject to market conditions and regulatory approvals, the company aims to list on the National Stock Exchange (NSE) to enhance liquidity, broaden the investor base, and strengthen market visibility and institutional reach.

About Grovy India:

Grovy India Limited was established in the year 1985 with the purpose of developing extraordinary real estate properties. Equipped with a team of skilled and experienced engineers, architects, planners and designers, Grovy has established itself amongst the top developers in South Delhi.

RARE India adds Kara Heritage Hotel in Fort Kochi to its curated hospitality portfolio

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July 24, 2026

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RARE India has expanded its portfolio of experiential hospitality properties across South Asia by adding Kara, an eight-room heritage hotel located in Fort Kochi, Kerala, to its curated collection.

Set within a restored heritage building, Kara occupies a property that has served multiple historical roles over the centuries, including as a Portuguese mint, the Dutch East India Company headquarters, and later a colonial residence. The hotel has been developed by Maneesha Panicker, founder of Kayal Island Retreat.

The boutique property features eight guestrooms spread across heritage and contemporary wings, blending carefully restored architectural elements with modern design.

Guests staying at Kara can participate in a range of curated experiences, including heritage walks, art trails, culinary sessions, wellness activities, and visits to Kayal Island Retreat, offering an immersive introduction to the culture and heritage of Kerala.

Commenting on the addition, Shoba Rudra, Founder of RARE India, said, “Kara was always RARE. As another avatar, I’m so thrilled to have Maneesha with us; her vision for Kayal, which I saw a long time ago, was something I admired, and to have them both under The RARE Collection gives Kerala experiences a unique perspective.”

The addition of Kara further strengthens RARE India’s portfolio of distinctive hospitality destinations, bringing another heritage-led property to its curated collection while highlighting Fort Kochi’s rich architectural legacy and experiential travel offerings.

Fine Acers launches new Gurugram hub to boost hospitality-led real estate investments

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July 24, 2026

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Fine Acers has strengthened its presence in North India with the inauguration of a new office in Gurugram, Delhi-NCR, as part of its strategy to deepen investor engagement and expand its footprint in the region’s luxury real estate market.

Located at DLF Corporate Greens, the new office will serve as the company’s North India hub, enabling closer interaction with investors seeking hospitality-led real estate opportunities. The office was inaugurated by Rahool Macarius, Market Managing Director – Eurasia, Wyndham Hotels & Resorts, in the presence of investors, business leaders and industry stakeholders.

The latest expansion follows Fine Acers’ recent announcement of its London office and marks the company’s second long-term infrastructure investment. The company expects the Delhi-NCR market to contribute more than INR 100 crore in revenue.

Fine Acers specialises in branded luxury resort developments through a sale-and-leaseback model, allowing investors to own resort residences while leasing them back to a professional hospitality operator for end-to-end management. The model combines second-home ownership with professionally managed rental income, offering investors a hospitality-driven real estate investment opportunity.

Fine Acers launched the Gurugram office as demand for branded residences, managed holiday homes, and hospitality-led investment products continues to rise across India’s luxury real estate sector. Through its expanded presence in Delhi-NCR, Fine Acers aims to increase awareness of its investment model while strengthening relationships with investors across North India.

Commenting on the expansion, Dinesh Yadav, Founder & Managing Director, Fine Acers, said, “The launch of our Gurugram office marks an exciting new chapter for Fine Acers. Delhi-NCR has emerged as one of India’s strongest markets for luxury real estate investments, with growing demand for professionally managed, experience-led assets. Our sale-and-leaseback model offers investors the opportunity to own premium resort residences while benefiting from professionally managed hospitality operations and rental returns. Establishing a presence in Gurugram allows us to be closer to our investors and strengthen our presence in North India.”

He added, “This is our second long-term investment in infrastructure development post our new office announcement in London. We are expecting more than INR 100 crore revenue from the Delhi-NCR market.”

The inauguration of the Gurugram office represents another milestone in Fine Acers’ expansion strategy as the company continues to strengthen its presence in key investment markets. By enhancing accessibility for investors in North India and building on its hospitality-led real estate model, Fine Acers is positioning itself to capitalize on the growing demand for luxury real estate investment opportunities in the region.

AI insurance startup Corgi said to close new Series B extension weeks after $2.6 Bn valuation

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July 24, 2026

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Insurance technology startup Corgi has reportedly completed another funding round that comes just weeks after its previous capital raise and is expected to double the company’s valuation once again, according to sources.

The latest financing is reportedly the second extension of Corgi’s Series B round, commonly referred to as the B2 round, and has already been completed. The company announced its previous B1 round at the end of May, raising $106 million at a $2.6 billion valuation approximately eight weeks ago.

The rapid succession of fundraising rounds comes amid strong investor enthusiasm for artificial intelligence startups. While several AI companies have been securing back-to-back investments at increasingly higher valuations, Corgi’s fundraising pace has attracted particular attention.

The Y Combinator Summer 2024 graduate has moved through multiple financing rounds within a matter of months.

In January, Corgi raised a $108 million Series A round at an undisclosed valuation. PitchBook estimated the company’s post-money valuation at $630 million.

Four months later, in early May, the startup secured a $160 million Series B round at a $1.3 billion valuation.

Only three weeks afterward, Corgi announced its B1 funding round, stating that existing investors had invested $106 million at a $2.6 billion valuation.

Now, roughly eight weeks later, sources told Forbes that the company has completed a B2 extension. The publication did not disclose the amount raised, while Corgi declined to comment on the reported financing.

Corgi counts TCV and Kindred Ventures among its investors.

Following the previous funding announcement, Kindred Ventures’ Kanyi Maqubela said that the company’s momentum justified the sharp increase in valuation.

According to the report, the latest valuation increase is being supported by Corgi’s revenue trajectory.

When announcing its Series A round seven months ago, the founders said the company had already achieved a $40 million annualized revenue run rate. Sources now say the startup is on course to reach a $450 million annualized revenue run rate by the end of the year.

Corgi provides AI-powered insurance products designed to streamline coverage and claims processing.

Its artificial intelligence technology delivers rapid insurance quotes for prospective customers while helping accelerate claim payments.

The startup offers businesses several forms of liability insurance, including general liability coverage, protection against technology-related incidents, employment liability insurance, business renters’ insurance, and commercial auto insurance.

Insurance remains a capital-intensive business, and Corgi’s operating model further increases its capital requirements because it uses a Risk Retention Group (RRG) structure for portions of its business.

An RRG enables businesses operating within the same industry, or facing similar risks, to combine resources and collectively self-insure.

According to Corgi’s website, RRGs are not subject to the same state regulations that apply to traditional, rated, underwritten insurance carriers.

A company spokesperson said Corgi also uses different insurance structures depending on the policy. Alongside RRGs, some insurance products are issued through state-regulated carriers.

Under an RRG model, insurance claims are paid directly from the pooled funds. Large claims can reduce the amount available to pay future claims, while RRGs are not backed by state guarantee funds. If the pool cannot cover claims, participating members absorb the losses, and sufficiently large claims can potentially bankrupt the RRG.

The structure may explain why the company continues to strengthen its capital base through successive fundraising rounds.

Corgi has also diversified beyond its core insurance business.

The company now offers data room software, despite recently facing public criticism over how the software had been “vibe coded.”

In addition, Corgi operates two 24-hour coffee shops featuring drink names such as “Brexspresso,” some of which are sponsored.

The cafés currently operate in San Francisco and Atlanta, while the company says it plans to open five additional locations, including several in New York and one in London. Expanding a physical retail footprint also requires significant investment.

Alongside its rapid expansion, Corgi has developed a reputation within Silicon Valley for maintaining a demanding workplace culture after founder and CEO Nico Laqua said he expects employees to work seven days a week.

Corgi’s reported B2 funding extension marks another milestone in one of the fastest fundraising streaks seen among AI startups. Although the company has not commented on the reported financing, sources indicate its accelerating revenue growth, expanding product portfolio, and continued diversification into software and retail businesses are helping support its rising valuation.

5th edition Brand of the Year 2026–27 Celebrates Excellence in Building Enduring Brands

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BRL Editor

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July 23, 2026

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Team Marksmen Network successfully hosted the 5th Edition of Brand of the Year 2026–2027 in Mumbai, bringing together India’s foremost marketing leaders, business visionaries, policymakers, and brand custodians for a day dedicated to celebrating excellence in branding, customer experience, and business transformation.

Presented by Marksmen Daily in association with India Today and Media Partner Business Standard, the summit was curated around the theme “Intelligent by Design: Creating Experiences That Anticipate,” highlighting how brands are evolving from merely capturing consumer attention to building intelligent, predictive, and deeply human experiences that inspire lasting trust and loyalty.

The event witnessed participation from over 150 senior leaders, including CEOs, CMOs, founders, marketing heads, customer experience leaders, and business decision-makers representing some of India’s most respected organizations.

The day commenced with a welcome address by Rishi Kapoor, CEO & Director, Team Marksmen Network, setting the stage for conversations around the changing dynamics of consumer behaviour, AI-powered marketing, experience-led differentiation, and the future of brand leadership.

The keynote address, “After Attention: The Authority Code for Enduring Brands – Building Trust, Relevance and Leadership Clarity in an Algorithmic World,” was delivered by Shailja Saraswati, Founder Unstoppable Network, whose thought-provoking session explored how brands must move beyond algorithms and performance metrics to establish enduring authority through authenticity, trust, and purpose-driven leadership.

A high-impact Fireside Chat titled “Engineering Brand Desire: Designing Intelligent, Seamless Experiences That Shape the Next Decade of Consumer Engagement and Brand Leadership” brought together some of the country’s leading marketing professionals:

• K. Radhakrishnan, Co-Founder, IBEC India | Former Executive Leader, StarQuik, Future Group India & Reliance Retail

• Dolly Davda, Head of Marketing, BookMyShow

The session was expertly moderated by Karan Karayi, Editor-in-Chief, Team Marksmen Network.

The discussion explored how brands are leveraging artificial intelligence, predictive analytics, omnichannel engagement, customer intelligence, and human-centred design to create seamless experiences that strengthen customer loyalty and drive sustainable brand growth. Panelists emphasized that while technology continues to redefine marketing, trust, authenticity, and emotional relevance remain the strongest differentiators for enduring brands.

The event concluded with the prestigious Brand of the Year 2026–2027 felicitation ceremony, recognising brands that have demonstrated outstanding excellence in innovation, customer experience, brand leadership, market impact, and sustained consumer trust across diverse sectors.

Speaking on the occasion, Akash Tiwari, Co-Founder & Managing Director, Team Marksmen Network, said:

“Today’s brands are no longer defined solely by visibility or market share; they are defined by the trust they build, the experiences they create, and the purpose they stand for. Brand of the Year continues to celebrate organizations that are redefining leadership through innovation, customer obsession, and meaningful impact.”

Over the years, Brand of the Year has established itself as one of India’s most respected platforms for recognising excellence in branding and marketing while creating a vibrant community of leaders shaping the future of business. The platform continues to facilitate meaningful conversations on leadership, innovation, digital transformation, consumer behaviour, and brand excellence.

The event concluded with networking and celebrations as industry leaders exchanged ideas and strengthened collaborations, reaffirming the platform’s role in advancing India’s marketing and brand leadership ecosystem.

The Brand of the Year 2026–2027 honours were presented to distinguished brands across diverse sectors for creating meaningful consumer impact and setting new benchmarks in their respective industries, those included:

• AMBA SHAKTI SD TMT

• Aveeno Baby India

• Bajaj General Insurance

• BookMyShow

• Dunlop Tyres

• Episoft AC

• HDFC Life

• HP Lubricants

• Kissan

• Mahindra XUV 7XO

• Mahindra Electric Origin SUVs

• Mahindra Insurance Brokers Ltd.

• Mee Mee

• Mitsubishi Electric

• Mr.DIY India

• National Stock Exchange of India Ltd.

• Niconi (Tan Removal Category)

• Switch Mobility

• TATA MOTORS – INTRA GOLD PICKUPS

• ToneTag

• VIVA Composite Panel Private Limited

• UNIQLO

These recognitions reflected the diversity and strength of India’s brand ecosystem from legacy enterprises to emerging category leaders highlighting organizations that continue to build enduring consumer trust through innovation, quality, purpose-driven leadership, and exceptional customer experiences.

About Team Marksmen Network

Team Marksmen Network is one of India’s leading integrated knowledge platforms, bringing together business leaders, policymakers, innovators, industry experts, and organizations through high-impact conferences, leadership forums, research initiatives, recognition platforms, and strategic thought leadership.

With a strong presence across sectors, Team Marksmen continues to create meaningful conversations that inspire transformation and recognize excellence across India’s evolving business landscape.

For media queries or partnership opportunities, please write to contact@teammarksmen.com.

BusinessNext secures $40 Mn to expand private AI platform

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July 23, 2026

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BusinessNext secures $40 Mn to expand private AI platform — Nishant Singh, CEO, BusinessNext

BusinessNext, an autonomous operating platform serving the banking and financial services sector, has raised $40 million in a Series C funding round from ServiceNow, valuing the company at $700 million. The fresh capital will support the company’s next phase of growth as it expands its private AI capabilities and strengthens its presence across the Asia-Pacific region.

The company plans to use the investment to enhance its portfolio of private AI offerings while deepening its collaboration with ServiceNow to deliver advanced solutions for financial institutions across the region.

Commenting on the investment, Nishant Singh, CEO, BusinessNext, said, “Autonomous banking is not a vision we are chasing — it is a category we have been building for years. Today, as AI has matured, this investment will further accelerate our efforts to deliver Private AI solutions, meeting the unique needs of banking and financial services, helping ensure the highest level of security while meeting all regulatory governance frameworks and sovereignty aspects.”

As part of the partnership, BusinessNext will integrate its banking-focused customer relationship management (CRM) and digital lending platform with ServiceNow’s Financial Services Operations (FSO) platform. The combined offering is designed to support financial institutions by managing back-office functions, including case management, complaint resolution and AI-powered workflow automation.

Commenting on the partnership, Kulmeet Bawa, GVP & Managing Director, India & SAARC, ServiceNow, said, “India’s financial services sector is at an inflection point — institutions are moving from digital experimentation to full-scale AI-led operations. ServiceNow’s investment in BusinessNext is a direct bet on that transformation, bringing together deep banking intelligence and enterprise-grade AI orchestration to help Indian banks and insurers move faster.”

The latest funding marks a significant milestone for BusinessNext as it accelerates the development of AI-driven banking solutions while expanding its regional footprint. Backed by ServiceNow, the company is aiming to help banks and financial institutions adopt secure, compliant and AI-enabled operations that support the industry’s evolving digital transformation.

Travis Kalanick’s Atoms raises $1.7 Bn to accelerate industrial AI expansion

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July 23, 2026

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Physical AI company Atoms, founded by Travis Kalanick, has secured a $1.7 billion equity investment, marking one of the largest funding rounds in the industrial AI sector this year. The investment was led by Andreessen Horowitz, with General Partner Ben Horowitz joining the company’s board as part of the transaction.

The funding round attracted participation from Bain Capital, Fifth Wall, Chemistry, A, K5 Global, Abstract, SV Angel, Alpha Square Group, and Uber, the ride-hailing company Kalanick co-founded before exiting in 2017.

In addition to the equity investors, Bank of America, Goldman Sachs, Wells Fargo, JP Morgan, and Barclays have been named as debt partners. However, the company has not disclosed the size of any associated debt financing facility.

The latest investment comes as industrial AI and robotics continue to attract significant investor interest. Publicly traded companies supporting the robotics ecosystem have also benefited from growing optimism around the sector.

Atoms serves as the holding company built on CloudKitchens, Kalanick’s ghost kitchen business, and Pronto, the heavy-industry automation company previously led by Anthony Levandowski, which Kalanick acquired in March 2026.

Following the integration, the company now operates through three divisions—Atoms Food, Atoms Mining, and Atoms Transport.

In a post on X, Kalanick described Atoms as an original equipment manufacturer (OEM) building “atoms-based computers” for industrial sectors. He compared the company’s vision with how Uber digitized transportation and CloudKitchens transformed food production, writing, “Fuel to complete the bits-to-atoms story arc we started at Uber, continued at CloudKitchens and will now finish at Atoms.”

Ben Horowitz outlined the firm’s investment thesis in a post published on a16z.com, arguing that industry-specific robots offer greater practical value than humanoid robots.

“The specialised ones are far better suited to most of those jobs.”

He further added, “I think the most valuable thing someone could do with AI and robotics is to repeat the same thing Uber did for transportation, or that computers did for the digital world: to make everything and everyone more productive.”

Horowitz said the company’s three operating divisions are focused on what he described as “all trillion-dollar industries”—mining, heavy transport and food production.

The latest investment also carries personal significance for Kalanick. In his X post, he revealed that a partnership with Marc Andreessen and Ben Horowitz nearly materialised during Uber’s early years in 2011.

Reflecting on that missed opportunity, Kalanick wrote, “In 2017 Uber suffered the consequences of not having Marc on the board.”

Uber’s participation in the latest funding round adds another layer to the renewed relationship between the former CEO and the company he co-founded.

Atoms’ fundraising comes during a period of record investment in robotics and physical AI. According to Dealroom data cited by multiple outlets, global robotics funding reached $55.8 billion through early June 2026, nearly doubling the previous annual record.

Kalanick’s vision letter references Tesla’s “Amazing Abundance” thesis while positioning Atoms’ “Age of Atoms” as the industrial counterpart. Tesla reported negative free cash flow for Q2 2026 after AI and robotics investments exceeded $25 billion for the year, highlighting the significant capital requirements associated with large-scale AI and robotics development.

The $1.7 billion investment provides Atoms with substantial financial backing as it scales its industrial AI platform across food production, mining and transport. With support from Andreessen Horowitz, Uber and several leading investors, the company is positioning itself to capitalise on growing demand for specialised robotics and automation technologies in some of the world’s largest industrial sectors.

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