Akridata Closes $15 Million in Series A   

by Kay Aloha Villamor in October 6th, 2021

Akridata, a Silicon Valley, California-based category-maker and pioneer in Data-Centric AI, closed $15 million in a Series A round.

The round was led by Venture Capital firms TeleSoft Partners, Accel, and Mobile Foundation Ventures (MFV) Partners. 

The funding support will be used to scale the organization with exceptional talent, especially in engineering and customer success roles, drive further product innovation, and advance Akridata's go-to-market initiatives to meet the market demand for Data-Centric AI solutions. 

Company: Akridata

Raised: $15.0M

Round: Series A 

Funding Month: October 2021

Lead Investors: Venture Capital firms TeleSoft Partners, Accel, and Mobile Foundation Ventures (MFV) Partners 

Additional Investors:

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

Software Category: Edge Data Platform

About the Company: Akridata enables Data-Centric AI by solving AI's Exascale-class data problem. The Akridata Edge Data Platform is the first solution spanning Edge-Core-Cloud resources. It provides a decentralized structure and scalable process to deliver curated, consistent, and relevant AI data sets. Akridata was founded in 2018 by some of Silicon Valley's most respected entrepreneurs, data scientists, and product engineers, who collectively hold nearly 200 patents and have a history of solving some of the world's most perplexing data challenges. Akri means "Edge" in Greek. Akridata introduced the world's first Edge Data Platform for Data-Centric Artificial Intelligence (AI). With the first AI infrastructure platform in the Data-Centric AI category, Akridata provides a decentralized structure and scalable process to deliver curated, consistent, and relevant AI data sets. 

Source: https://www.prnewswire.com/news-releases/akridata-closes-15-million-in-series-a-financing-round-301393215.html



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