Akkio Closes $15 Million in Series A

by Kay Aloha Villamor in August 2nd, 2023

Akkio, a Cambridge, MA-based AI company delivering generative analytics and machine learning to businesses, closed a $15 million Series A funding round.

Investors in the round include Bain Capital Ventures (BCV) and Pandome, Inc. The funding will be used to accelerate the commercialization of Akkio's user-friendly and cost-effective AI platform.

The company’s product strategy focuses on ease of use, allowing customers to leverage GPT-4 to generate insights, visualizations, and dashboards from their preferred spreadsheet tools or live business data sources like Google Big Query, Hubspot, Salesforce, and Snowflake.

The platform enables analysts to build predictive models for any business priority and deploy these models for real-time decision-making within minutes, all without the need for coding. Moreover, Akkio is committed to affordability, with plans starting at $49, making it an accessible option for small and medium-sized businesses to become more competitive and efficient.

“Akkio’s customers rely on data and want to leverage the latest in generative AI and ML capabilities, but lack the tools, technical expertise, or data science experience to do it,” said Abe Parangi, Co-Founder & CEO, of Akkio Inc.“This investment allows us to scale and advance our platform so business analysts can leverage AI technologies to work faster, unlock new insights, and make a bigger impact for their organization.”

Company: Akkio, Inc.

Raised: $15.0M

Round: Series A

Funding Month: August 2023

Lead Investors: 

Additional Investors: Bain Capital Ventures (BCV) and Pandome, Inc.

Company Website: https://www.akkio.com/

Software Category: Analytics and Predictive Modeling Platform

About the Company: Founded in 2019, Founded in 2019, Akkio is a technology company offering a generative AI for analytics and predictive modeling platform that gives any size business a competitive edge with rapid insights and visionary predictions for everyday operations. Akkio has hundreds of customers that chat with their data, generate live dashboards, and use machine learning to predict future outcomes across their operations, such as lead scoring, forecasting, content optimization, and more.

Source: https://www.businesswire.com/news/home/20230801675710/en/Akkio-Raises-15-Million-Series-A-to-Scale-Generative-Analytics-and-Predictive-AI-Platform-for-Businesses

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