Operations Intelligence platform company Akooda recently announced $11 million in seed funding from NFX, Atlassian Ventures, Village Global, Founder Collective, and others. Akooda’s platform utilizes AI to effectively locate, access, and analyze critical data scattered across an organization and help solve business challenges in real-time. The company plans to use the funding to develop its product suite further and expand its customer base.
Companies have faced significant challenges in managing and understanding their vast amounts of data stored across disparate systems. And much of an employee’s workweek is wasted searching for internal information or tracking down colleagues who can help with specific tasks. These barriers prevent operational efficiency and waste company time and precious resources. In order to solve this, Akooda streamlines data discovery, analysis, and reporting – based on the tools already used today – to save time and drive better business results.
Akooda’s AI-driven solution utilizes advanced natural language processing, machine learning, and statistical modeling techniques to swiftly and accurately identify relevant data within an organization’s ecosystem. And Akooda’s engine breaks down every unit of work from the tools companies already use and connects the dots so that everyone across all business units and disciplines can speak the same language. And with just a few clicks, management can understand the status of any project, identify which KPIs drive profit, and focus on what truly moves the needle.
Akooda’s platform integrates with almost every major SaaS product, including Salesforce, Atlassian, Google Suite, Microsoft 365, Dropbox, Monday, Figma, Zendesk, Slack, Hubspot, Github, Hibob, Notion, Asana, Zoom, Intercom, Box, Okta, Linear, and more. And it employs a security and privacy-first mindset that is SOC-2 compliant and never stores any raw customer data.
KEY QUOTES:
“In this new era of AI, companies need to move FAST in order to survive. Akooda gives companies an unfair advantage by providing unique insights securely and privately based on their entire digital footprint in just a few seconds.”
— Pete Flint, General Partner of NFX
“Akooda’s biggest innovation is that – with minimal overhead – companies can now gain key insights to questions they ask every day, including resource allocation, trending topics, summarizing information from code, CRM, and customer interactions. This is the first time a company can get a complete view of all their core business elements, the processes, people, customers, and resources that ARE their business. We’re thrilled to partner with these incredible investors to bring our platform to more leading companies.”
— Yuval Gonczarowski, CEO and Founder of Akooda
“We’re impressed with Akooda’s engine and algorithms, especially because they are able to understand large amounts of unstructured data and create meaningful AI-powered insights, without storing anything locally. This makes it easier for everyone to find and focus on the ‘needle in the haystack’ when users have questions about what is happening across their organization. We are excited about how Akooda unlocks greater efficiency and transparency for Atlassian’s 200,000+ cloud customers.”
— Peter Lenke, Head of Atlassian Ventures
