# AKUA

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

- Industry: Software
- Headquarters: Baltimore, US
- Website: www.akua-llc.com
- Total disclosed funding: $3M
- Latest round: Series A (Jan 16, 2020)
- Investors on record: 4

## About

AKUA, LLC provides an advanced subscription-based data service specializing in actionable cargo tracking and security solutions, leveraging a sophisticated Internet of Things (IoT) platform to enhance shipment transparency.AKUA, LLC is based in Baltimore, US, and was founded in 2015. The company focuses on offering innovative cargo tracking and security solutions. Neil Furukawa serves as the founder, and Jean-Pierre Stamm is the CEO. AKUA raised a total of USD 3.00 mn during its Series A funding round on January 16, 2020, led by Crosslink Capital, with additional participation from Enterprise Security Syndicate and Talis Capital. The company has completed a total of 2 deals since its inception.AKUA specializes in providing a subscription-based data service that focuses on actionable cargo tracking and security solutions through a sophisticated Internet of Things (IoT) platform. The core offering includes advanced tracking devices combined with tamper-resistant and tamper-evident multi-layer security features, enhancing the transparency and security of intermodal cargo shipments across global markets. The platform operates by delivering real-time positional data and environmental monitoring, which allows users to optimize the condition and value of their cargo while minimizing losses due to spoilage. AKUA's solutions cater to a diverse client base comprising logistics providers, freight forwarders, and industries that transport sensitive goods, enabling them to maintain in-transit visibility from the initial point of dispatch to the final delivery. The geographical markets served include North America, Europe, and parts of Asia, where demand for enhanced cargo tracking and security measures is growing.AKUA generates revenue primarily through a subscription model, offering clients access to its robust tracking and analytics platform on a recurring basis. Business transactions typically involve clients subscribing to different service tiers that provide varying levels of tracking capabilities and environmental monitoring, tailored to meet specific operational needs. These subscriptions may include flagship offerings, which combine premium tracking devices with comprehensive analytics reports on cargo conditions and security status. The pricing structure is designed to accommodate businesses of varying sizes, from small logistics firms to large enterprises, ensuring they can leverage AKUA's services effectively. Partnerships with industry stakeholders further enhance revenue opportunities by integrating AKUA's solutions into broader supply chain management practices.AKUA plans to leverage the recent funding raised in January 2020 to enhance its product offerings and expand into new markets. The company aims to develop additional products that incorporate advanced tracking technologies and to release these new solutions within the next 12 to 24 months. Furthermore, AKUA is targeting expansion into additional regions in Asia and South America by the end of 2023 to meet the increasing demand for cargo tracking and security solutions.

## Funding rounds

- Series A, Jan 16, 2020 — Momenta Ventures
- Series A, May 15, 2017, $3M — Crosslink Capital, Talis Capital, Enterprise Security Syndicate

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A
- Talis Capital (https://capitalatlas.ai/funds/talis-capital) — Series A
- Enterprise Security Syndicate (https://capitalatlas.ai/funds/enterprise-security-syndicate) — Series A
- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Series A