# Akoya

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

- Industry: Software
- Headquarters: Rosemont, US
- Website: www.akoyainc.com
- Total disclosed funding: $2.3M
- Latest round: Series A (Sep 6, 2005)
- Investors on record: 6

## About

Akoya Inc. is a specialized firm focusing on commercial pipe bursting, providing efficient trenchless technology solutions for aging infrastructure without extensive excavation.Akoya Inc. provides trenchless technology solutions, emphasizing the replacement of old piping systems efficiently. The company is headquartered in Rosemont, US, and has undergone a significant change, being acquired by I-Cubed in March 2014. The founder's specific history and prior ventures are not available. Akoya Inc. has secured a total of USD 1.50 mn through its latest funding round, a Series A led by investors including ARCH Development Partners and others, which also represents the total amount raised to date.Akoya Inc. specializes in commercial pipe bursting, a trenchless technology utilized for the replacement of old piping systems without extensive excavation. This innovative method allows for the installation of new pipes by fracturing existing ones, minimizing surface disruption and expediting the replacement process. The company aims to address challenges such as aging infrastructure and high costs associated with traditional pipe replacement. Its clients include municipal governments, construction companies, and utility providers across the United States and select regions in Canada. The core offerings are designed to improve efficiency, reduce environmental impact, and lower overall project costs in the infrastructure sector.Akoya Inc. generates revenue through contracts with municipalities and businesses for its commercial pipe bursting services. The company typically enters direct agreements to undertake specific projects based on the infrastructure needs of its clients. The revenue model is project-based, allowing for budget flexibility according to project scope and requirements. While specific pricing plans are not disclosed, services are commonly priced based on the pipe length and project complexity. Akoya Inc.'s revenue is supported by a solid reputation for delivering efficient services that meet diverse infrastructure demands.Akoya Inc. plans to utilize its recent funding from the Series A round to enhance its service offerings and expand its market presence. The company aims to develop new products that cater to emerging infrastructure needs, though specific product release dates have not been provided. Additionally, Akoya intends to target geographic expansion into new markets, particularly beyond its existing client base in the United States and Canada, to further increase its operational footprint. The recent acquisition by I-Cubed may also play a strategic role in facilitating these growth initiatives.

## Funding rounds

- Series A, Sep 6, 2005, $1.5M — ARCH Development Partners, Village Ventures, Spring Mill Venture Partners, Caterpillar Pension Plan, Marquette Golden Angels, The Tri County Venture Capital Fund
- Series A, Nov 8, 2004, $0.8M — ARCH Development Partners, Caterpillar Pension Plan, The Tri County Venture Capital Fund

## Investors

- ARCH Development Partners (https://capitalatlas.ai/funds/arch-development-partners) — Series A
- Caterpillar Pension Plan — Series A
- The Tri County Venture Capital Fund — Series A
- Village Ventures (https://capitalatlas.ai/funds/village-ventures) — Series A
- Spring Mill Venture Partners (https://capitalatlas.ai/funds/spring-mill-venture-partners) — Series A
- Marquette Golden Angels — Series A