# Acklio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acklio

- Industry: Software
- Headquarters: Rennes, France
- Website: www.ackl.io
- Total disclosed funding: $1.7M
- Latest round: Series B (Aug 14, 2018)
- Investors on record: 3

## About

Acklio is a technology company focused on delivering innovative Internet of Things (IoT) solutions that enhance secure and efficient communication across various network technologies.Founded in 2016 in Rennes, France, Acklio specializes in IoT solutions. The company is led by CEO Alexander Pelov and was established under the guidance of founder Laurent Toutain. Acklio has completed one deal, with its most recent funding round being a Series B in August 2018, raising EUR 1.5 mn from investors including Credit Agricole Group, Innovacom, and StarQuest. The total amount raised by the company now stands at EUR 1.5 mn, valuing it at EUR 4.43 mn.Acklio provides innovative solutions for the Internet of Things (IoT), particularly focusing on secure and efficient communication across network technologies. Their flagship product, SCHC (Static Context Header Compression), acts as an adaptation layer that enables the use of Internet Protocol (IP) stacks over Low Power Wide Area Networks (LPWAN) such as LoRaWAN and NB-IoT. By compressing data transmissions, SCHC improves communication efficiency, allowing devices to operate longer on battery power and enhancing network utilization. Acklio's solutions are targeted at sectors like utilities, including water, gas, and electricity metering, adapting existing Device Language Message Specification (DLMS) meters for seamless integration with connectivity options including LoRaWAN. The company serves utility companies and end-users globally, with deployments across Europe, North America, and Asia.Acklio generates revenue through direct sales and partnerships with utility companies and IoT service providers. Operating on a B2B model, the company offers its SCHC technology and related services through software licenses or subscriptions, ensuring continuous access to technology and support. Their pricing structure accommodates varying client needs based on deployment scale and complexity, with key products including adaptations for DLMS and communication modules integrated with SCHC technology, crucial for smart grid applications.Acklio plans to utilize its recent funding to expand its team and consolidate its technological lead while accelerating the marketing of its solutions. The company is focused on launching new products designed to enhance its IoT offerings and is aiming to expand into additional markets, although specific regions and timelines have not been disclosed. The funding received in February 2019, amounting to EUR 499,999.82, will support these strategic initiatives.

## Funding rounds

- Series B, Aug 14, 2018, $1.7M — Innovacom, StarQuest, Credit Agricole Group

## Investors

- Innovacom (https://capitalatlas.ai/funds/innovacom) — Series B
- StarQuest (https://capitalatlas.ai/funds/starquest) — Series B
- Credit Agricole Group — Series B