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§ Private Profile · Cambridge, MA, USA
No-code AI platform for businesses and agencies, automating workflows and providing predictive analytics without data science expertise.
Based in Cambridge, Massachusetts, Akkio provides a no-code artificial intelligence platform that enables businesses to build predictive models and automate data workflows. The software-as-a-service company operates with a workforce of approximately 32 employees and generates just under $5 million in estimated annual revenue. Akkio has raised $18 million in total venture capital funding, including a $15 million Series A round and a $3 million seed round led by Bain Capital Ventures. The software platform primarily serves marketing agencies and mid-sized enterprises, securing enterprise contracts with organizations such as MarketOne International, Angiodynamics, and Standard Industries. Corporate users can connect various internal data sources to perform anomaly detection, generate natural language visualizations, and execute predictive analytics without requiring specialized data science expertise or extensive coding knowledge. The technology company was founded in 2019 by Abraham Parangi and Jonathon Reilly.
Akkio has raised $18.0M across 2 funding rounds.
Akkio has raised $18.0M in total across 2 funding rounds.
Akkio has raised $18.0M across 2 funding rounds. Most recently, it raised $15.0M Series A in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2023 | $15M Series A | Bain Capital Ventures, Pandome | Kima Ventures, Liquid 2 Ventures, Twenty TWO Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael MA, Peter Kazanjy | Announced |
| Sep 1, 2021 | $3M Seed | Bain Capital Ventures | Kima Ventures, Liquid 2 Ventures, Twenty TWO Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael MA, Peter Kazanjy | Announced |
Akkio is a Cambridge, MA-based AI platform founded in 2019 that builds no-code machine learning tools and AI agents tailored for media agencies, marketing teams, and small to medium businesses (SMBs), making advanced AI accessible without data science expertise.[1][2][4] It serves media companies, agencies like Horizon Media, and SMBs by solving the problem of turning complex data into actionable insights, automated reports, and optimized campaigns through intuitive interfaces and generative AI features like Generative Reports.[1][4] With $15 million in total funding, including from Bain Capital Partners, Akkio demonstrates strong growth momentum, powering workflows for clients to build audiences 150x faster and automate campaign lifecycles.[1][4][5]
Akkio was founded in May or June 2019 in Cambridge, Massachusetts (with some references to Boston), by a team backed by Bain Capital Partners and executives from HubSpot and Sonos, aiming to democratize AI by combining state-of-the-art machine learning with simple, intuitive platforms.[1][2][3] The idea emerged from recognizing that AI's transformative potential was limited to data scientists, prompting the creation of tools for non-experts in media, marketing, and business intelligence.[3][5] Early traction included securing $15 million in funding across one round and launching innovations like Generative Reports, which automate data-to-decision workflows for SMBs, alongside partnerships with major media firms like Horizon Media.[1][4]
Akkio rides the generative AI and no-code automation trend, capitalizing on the explosion of AI tools post-2023 that make business intelligence and marketing accessible beyond specialists.[1][4] Timing is ideal amid rising demand for AI in media and advertising, where agencies face data overload and tight SLAs, amplified by market forces like personalized campaigns and real-time optimization in a cookieless world.[4][5] It influences the ecosystem by partnering with leaders like Horizon Media to transform growth platforms, enabling faster workflows and competitive edges for SMBs and agencies, thus accelerating AI adoption in non-tech sectors.[1][4]
Akkio is poised to expand its AI agent ecosystem, deepening media agency integrations and potentially entering adjacent sectors like e-commerce analytics as no-code AI matures.[4][5] Trends like multimodal AI and edge computing will shape its journey, enhancing real-time campaign tools amid growing regulatory scrutiny on data privacy. Its influence could evolve from niche media enabler to broader workflow platform, driving outsized impact as AI democratizes for the next wave of businesses—echoing its founding mission to make AI easy enough for anyone.[1][2][3]
Akkio has raised $18.0M in total across 2 funding rounds.
Akkio's investors include Bain Capital Ventures, Pandome, Kima Ventures, Liquid 2 Ventures, Twenty Two Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael Ma, Peter Kazanjy.