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Construction Tech Review | Sunday, January 17, 2021
Ackcio's technologies are being used in major infrastructure development projects across Europe, including the United Kingdom, Germany, Spain, and France.
FREMONT, CA: Ackcio, a deep-tech startup based in Singapore that develops wireless data capture technologies for industrial monitoring, has raised four million Singapore dollars in a Series A investment headed by venture capital firm Atlas Ventures. Ackcio plans to use the fresh funds to continue its rapid worldwide expansion, scale up its research and development efforts, and expand into new industry verticals.
Ackcio is a construction, infrastructure, rail, and mining firm that provides cutting-edge, long-range, mesh-based wireless monitoring solutions. The company's revenue increased dramatically last year as a result of client expansion into 22 regions across six continents.
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Dr. Nimantha Baranasuriya, Co-Founder and CEO, Ackcio, said, "The need for industries to digitalise is even more important than before, as companies adapt to new requirements posed by the COVID-19 pandemic, including ramping up of worker safety and increasing remote operations. This new round of funding will enable us to expand our offerings and continue supporting our customers to make industrial operations smarter and safer."
Ackcio's technologies are being used in major infrastructure development projects across Europe, including the United Kingdom, Germany, Spain, and France. The firm will invest in sophisticated resources to expand and closely assist its client base in the region's booming infrastructure business. Ackcio was also named in Forbes Asia's 100 to Watch list in August, a list that highlights rising small businesses and startups across a variety of industries in the Asia Pacific.
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