# Acumen Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acumen-labs

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.acumen.io
- Total disclosed funding: $7M
- Latest round: Seed (Feb 24, 2021)
- Investors on record: 4

## About

Acumen Labs Ltd., based in Israel, provides innovative technology solutions aimed at enhancing operational efficiency through data analytics, machine learning, and automation across various sectors.Acumen Labs Ltd. specializes in technology solutions that optimize business operations. Founded in 2019 in Tel Aviv-Yafo, Israel, the company has secured a total of USD 7.0 mn through a SEED funding round on February 24, 2021, from investors including Hetz Ventures, 10D, Crescendo Venture Partners, and Jibe. The co-founders are Daniel Shir and Itamar Mula, with a focus on developing impactful solutions for a diverse clientele.The company specializes in offering innovative technology solutions designed to enhance operational efficiency across various industries. Their core product offerings include a comprehensive software platform that integrates data analytics, machine learning, and automation tools to facilitate data-driven decision-making. This platform is particularly beneficial for businesses looking to optimize their workflow processes, improve customer engagement, and reduce operational costs. The company's solutions have been effectively utilized in sectors such as healthcare, finance, and retail, targeting clients ranging from small enterprises to large multinational corporations. Geographically, their products are marketed primarily in North America and Europe, where they have established a robust client base that leverages these advanced technologies to drive growth and innovation.The company generates revenue through a multi-faceted transaction structure that includes subscription-based services and direct partnerships with enterprises. Clients typically engage in annual contracts that provide access to the software platform, with potential add-ons for premium features tailored to specific industry needs. Flagship products, known for their intuitive design and scalability, are priced according to the number of users and functionalities selected by the client. Such a pricing model ensures that businesses can customize their subscriptions based on unique requirements, fostering long-term relationships. The company's commitment to providing ongoing support and updates further enhances customer satisfaction and retention, thereby contributing to stable recurring revenue streams.In February 2021, Acumen Labs Ltd. raised USD 7.0 mn in SEED funding, which will be utilized to further develop their product offerings and bring them to market. The company plans to hire 10 additional employees by the end of 2021 to support growth initiatives. Nevo Alva will remain as CEO, as the company aims to expand its reach into new markets and enhance their technology solutions.

## Funding rounds

- Seed, Feb 24, 2021, $7M — Jibe, Crescendo Group, Hetz Ventures, 10D

## Investors

- Jibe — Seed
- Crescendo Group (https://capitalatlas.ai/funds/crescendo-group) — Seed
- Hetz Ventures (https://capitalatlas.ai/funds/hetz-ventures) — Seed
- 10D (https://capitalatlas.ai/funds/10d) — Seed