# Akash Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akash-systems

- Industry: Electronics
- Headquarters: San Francisco, US
- Website: www.akashsystem.com
- Total disclosed funding: $13M
- Latest round: Series A (Jul 10, 2019)
- Investors on record: 8

## About

Based in the US, Akash Systems, Inc. develops advanced technology solutions that enhance operational efficiencies in telecommunications and logistics, addressing issues like data latency and reliability.Founded in 2016 in San Francisco, US, Akash Systems, Inc. specializes in innovative technology solutions. The company has conducted 8 deals, with its most recent funding round being a Grant of USD 18.20 mn from the U.S. Department of Commerce on November 13, 2024, raising the total amount to USD 10.00 mn. The company was co-founded by Adil Zharmukhambetov, Felix Ejeckam, and Ty Mitchell, with Felix Ejeckam serving as the CEO.Akash Systems specializes in technology solutions that improve operational efficiencies across various sectors. Its core offerings include advanced systems for data processing and transmission, primarily serving the telecommunications and logistics industries. The company's solutions tackle challenges such as data latency, network reliability, and real-time communication, benefiting a diverse clientele including large enterprises, small to medium-sized businesses, and government agencies in North America and Europe.Akash Systems generates revenue primarily through direct sales and subscription services. Clients enter contracts for ongoing access to proprietary software and hardware solutions, with tailored service packages based on individual needs. Their pricing structures cater to both enterprise-level clients and smaller firms, enabling the establishment of long-term partnerships within the telecommunications sector.In November 2024, Akash Systems, Inc. raised USD 18.2 million in grant funding from the U.S. Department of Commerce. The company plans to utilize these funds to develop a 40,000-square-foot cleanroom facility for semiconductor production, which will enhance its product offerings and operational capacity. Akash Systems aims to expand its reach into new markets and regions, focusing on opportunities in both North America and Europe.

## Funding rounds

- Series A, Jul 10, 2019, $10M — Founders Fund, Khosla Ventures, Correlation Ventures, ACME Capital
- Seed, Jan 30, 2018, $3.1M — Khosla Ventures, Social Capital, DCVC, Ruvento Ventures, Backstage Capital

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed
- Ruvento Ventures (https://capitalatlas.ai/funds/ruvento-ventures) — Seed
- Backstage Capital (https://capitalatlas.ai/funds/backstage-capital) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series A