# Ackcio Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ackcio-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.ackcio.com
- Total disclosed funding: $6.8M
- Latest round: Series A (Sep 20, 2021)
- Investors on record: 10

## About

Ackcio Pte Ltd is a technology company specializing in advanced wireless monitoring systems, enhancing data acquisition and operational safety across industries such as construction, mining, and rail.Founded in 2016 and headquartered in Singapore, Ackcio Pte Ltd focuses on innovative monitoring solutions. The company was established by Mobashir Mohammad and Nimantha Baranasuriya, who has a background in tech entrepreneurship. Ackcio has successfully raised USD 5.88 mn in Series A funding as of September 20, 2021, led by Atlas Venture along with several other investors. The company has completed a total of 5 deals since its inception.Ackcio specializes in advanced wireless monitoring systems, with its flagship product suite, Ackcio Beam, designed to automate the monitoring of sensors across various industrial sectors, including construction, mining, and rail. The Ackcio Beam system integrates multiple components, such as Ackcio Nodes, Gateways, and Mesh technology, to facilitate real-time data acquisition efficiently. These systems enable both underground and above-ground monitoring, addressing critical operational challenges by providing seamless data collection. Their customer base encompasses industrial operators and project managers who require reliable monitoring solutions for infrastructure projects and geotechnical applications, with markets served across North America, Europe, and Asia.In the most recent year ending 2022, Ackcio generated revenue of USD 1.25 mn with an EBITDA of USD -1.28 mn, reflecting the company's investments in growth and expansion.Ackcio Pte Ltd aims to utilize its recent funding of SGD 4 mn from the Series A round to support rapid geographical expansion and enhance its research and development initiatives. The company plans to introduce new products aimed at improving its monitoring solutions while exploring additional industry verticals. Ackcio is targeting expansion into new markets in Asia and Europe by 2023, bolstering its presence in sectors that require sophisticated monitoring technologies.

## Funding rounds

- Series A, Sep 20, 2021, $5.9M — Atlas Venture, Wavemaker Partners, Entrepreneur First, P4I Partners, SGInnovate, SEEDS Capital, Aletra Capital Partners, Foundamental, Masik Enterprises Pte. Ltd., Seasight Holdings
- Seed, Mar 14, 2018, $0.9M — Wavemaker Partners, SEEDS Capital

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed, Series A
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Series A
- P4I Partners — Series A
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Series A
- Aletra Capital Partners (https://capitalatlas.ai/funds/aletra-capital-partners) — Series A
- Foundamental (https://capitalatlas.ai/funds/foundamental) — Series A
- Masik Enterprises Pte. Ltd. — Series A
- Seasight Holdings (https://capitalatlas.ai/funds/seasight-holdings) — Series A