Akkio, a Cambridge, MA-based AI company delivering generative analytics and machine learning to businesses, closed a $15M Series A funding.
Backers included Bain Capital Ventures and Pandome.
The company intends to use the funds to accelerate the commercialization of its AI platform.
Founded in 2019 by Abe Parangi, CEO, and Jon Reilly, Akkio is utilizing artificial intelligence to enable anyone to use generative analytics and machine learning to chat with live data, automatically generate charts and dashboards, and precisely forecast key business outcomes with next-generation speed and accuracy. The platform empowers customers to use GPT-4 to generate insights, visualizations, and dashboards from their favorite spreadsheet tools or live business data sources and data warehouses such as Google Big Query, Hubspot, Salesforce, and Snowflake.
In 2023, the company has released a number of updates to the platform, including:
- Chat Data Prep – A feature that uses generative AI to automate the process of data cleaning and preparation through chat. Customers combine columns, summarize records, translate languages, convert formats, and perform complex calculations without needing to write formulas or code.
- Chat Explore – A chatbot with generative AI to securely explore data, identify patterns, find actionable insights, and report on business outcomes 10x faster than traditional methods.
- Forecasting – An ML model for easily creating forecasts to predict things like inventory availability, sales, and marketing performance. Customers use it to understand patterns, analyze influential factors, and effortlessly make forecasts with live data.
Akkio has hundreds of customers that chat with their data, generate live dashboards, and use machine learning to predict future outcomes across their operations, such as lead scoring, forecasting, content optimization, and more.
FinSMEs
01/08/2023