Accion Labs, a Pittsburgh, PA-based digital-focused software product engineering company specializing in emerging technologies, received a growth investment from TA Associates.
The financial terms of the deal were not disclosed.
With it, TA Associates joined Basil Technology Partners as an investor in Accion Labs.
The company intends to use the funds to further grow organically and through acquisitions, with a particular focus on the U.S. and European markets.
Founded in in 2011 by Kinesh Doshi, CEO, Accion provides technology companies and enterprises with solutions and services to deploy emerging technologies. The company’s expertise ranges across advanced UX, artificial intelligence and machine learning, big-data/analytics, migration to cloud/SaaS and re-engineering of legacy platforms, process automation, mobility, augmented reality and IOT. Clients include software product companies, e-SaaS firms, e-business organizations and enterprises undergoing a digital transformation across a range of industries such as healthcare, financial services, technology and fintech.
Accion has more than 2,600 engineers across 14 offices within the U.S., Canada, the UK and Asia-Pacific.