What is Ackcio?
Ackcio specializes in providing a robust wireless data collection protocol designed for harsh environments, primarily serving the construction industry. Their flagship product suite, Ackcio Beam, facilitates the monitoring of geotechnical and structural instruments, ensuring reliable data acquisition for critical infrastructure projects. The company's core technology leverages a long-range, mesh-based wireless system, enabling seamless data flow even in challenging conditions. This focus on reliable, long-range connectivity positions Ackcio as a key player in the industrial IoT and construction technology sectors.
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 leading early-stage venture capital firm in Southeast Asia, focusing on investments in Enterprise, Deep Tech, and Sustainability startups that address significant regional challenges. With over 200 companies in its portfolio and more than $500 million in assets under management, the firm aims to empower innovative solutions that contribute to the UN Sustainable Development Goals.
Enterprise Singapore
Enterprise Singapore is the government agency championing enterprise development. Their vision for Singapore is a vibrant economy with globally competitive Singapore enterprises. International Enterprise Singapore and SPRING came together on 1 April 2018 as a single agency to form Enterprise Singapore.
Atlas Ventures
Atlas Ventures is an early-stage venture fund based in Singapore.
What's next for Ackcio?
The recent Series A financing, characterized as a major strategic investment, signals Ackcio's readiness for accelerated scaling and market expansion. This capital infusion is expected to fuel further product development, enhance sales and marketing efforts, and potentially explore new industry verticals that require robust wireless monitoring solutions. The company's trajectory suggests a strong emphasis on solidifying its market position and leveraging its unique technology to address complex data collection challenges in enterprise-level applications.
See full Ackcio company page
