What is Ackcio?
Ackcio's core innovation lies in its proprietary long-range, mesh-based, wireless data collection protocol. This technology is engineered for reliability in the most challenging environments, enabling the monitoring of geotechnical and structural instruments. The company's flagship product suite, Ackcio Beam, is specifically tailored for the construction industry, providing critical data for infrastructure projects. This focus positions Ackcio as a key player in the growing market for smart construction and IoT-based monitoring solutions.
How much funding has Ackcio raised?
Ackcio has raised a total of $4M across 1 funding round:
Series A
$4M
Series A (2021): $4M with participation from Wavemaker Partners, Enterprise Singapore, Atlas Ventures, and Aletra Capital Partners
Key Investors in Ackcio
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors, with a strong presence in Southeast Asia. They focus on companies addressing significant regional challenges and driving positive social impact.
Enterprise Singapore
Enterprise Singapore is the government agency dedicated to championing enterprise development in Singapore, aiming to foster a vibrant economy with globally competitive Singaporean enterprises.
Atlas Ventures
Atlas Ventures is an early-stage venture fund based in Singapore, providing crucial backing to emerging companies.
What's next for Ackcio?
The substantial enterprise-level funding and strategic investment signal a pivotal growth phase for Ackcio. This capital infusion is expected to accelerate product development, expand market reach, and enhance operational capabilities. The company is likely to leverage this backing to further solidify its position in the construction sector and potentially explore applications in other industries requiring robust wireless data acquisition. The strategic nature of the recent financing suggests strong alignment with investors who see long-term value in Ackcio's unique technological approach to data collection in demanding conditions.
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