Ackcio Company Profile

Background

Company Overview

Ackcio, established in 2016 and headquartered in Singapore, specializes in developing wireless monitoring solutions aimed at enhancing the safety and efficiency of industrial operations. The company's mission is to become the industry standard for reliable wireless industrial monitoring, with a vision to make industrial operations smarter and safer.

Industry Significance

By automating traditional monitoring processes, Ackcio addresses critical challenges in sectors such as construction, infrastructure, mining, and rail. Their solutions provide real-time data acquisition, enabling proactive risk management and improved operational efficiency.

Key Strategic Focus

Core Objectives

• Enhancing Safety: Implementing reliable monitoring systems to prevent industrial accidents.

• Risk Management: Providing real-time data to identify and mitigate potential hazards.

• Productivity Improvement: Automating data collection to streamline operations and reduce manual labor.

Areas of Specialization

Ackcio focuses on wireless data acquisition systems tailored for challenging environments, including:

• Construction Sites: Monitoring geotechnical and structural parameters.

• Mining Operations: Ensuring safety through continuous environmental monitoring.

• Rail Infrastructure: Overseeing structural integrity and environmental conditions.

Key Technologies Utilized

• Ackcio Beam: An end-to-end wireless monitoring system that integrates with various industrial sensors to transmit data securely.

• Ackcio Mesh: A patented long-range wireless mesh network enabling reliable data transmission in complex environments.

Primary Markets Targeted

Ackcio's solutions are deployed globally, with a presence in over 53 countries across six continents, serving industries such as construction, mining, infrastructure, and rail.

Financials and Funding

Funding History

• Seed Round (2018): Raised S$1.15 million led by Wavemaker Partners.

• Pre-Series A (2019): Secured S$1.35 million, again led by Wavemaker Partners.

• Pre-Series A (2020): Obtained S$1.11 million, continuing partnership with Wavemaker Partners.

• Series A (2021): Raised US$4 million led by Atlas Ventures, with participation from Enterprise Singapore, Wavemaker Partners, Aletra Capital Partners, AccelerAsia Ventures, Seasight Holdings, and angel investors.

Utilization of Capital

The funds have been allocated towards:

• Geographical Expansion: Strengthening sales teams across Asia, the Americas, and Europe.

• Research and Development: Enhancing product innovation and integration capabilities.

• Industry Diversification: Venturing into sectors like oil and gas, energy, and power infrastructure.

Pipeline Development

Product Evolution

Ackcio's flagship product, Ackcio Beam, has undergone continuous enhancements to meet the evolving needs of industrial monitoring. The company is actively working on expanding its product line to cater to additional industry verticals, including oil and gas, energy, and power infrastructure.

Anticipated Milestones

• Product Integration: Developing compatibility with a broader range of industrial sensors and software platforms.

• Market Penetration: Establishing a stronger foothold in the Americas and Europe through strategic partnerships and subsidiary establishments.

Technological Platform and Innovation

Proprietary Technologies

• Ackcio Beam: An end-to-end wireless monitoring system that automates data collection from various industrial sensors.

• Ackcio Mesh: A patented long-range wireless mesh network ensuring reliable data transmission in challenging environments.

Scientific Methodologies

Ackcio employs advanced wireless communication protocols and low-power networking techniques to ensure efficient and reliable data acquisition. Their systems are designed to operate seamlessly in environments with high interference, such as tunnels and mines.

Leadership Team

Executive Profiles

• Mobashir Mohammad (Co-founder and CEO): Holds a PhD in IoT and Wireless Networking from the National University of Singapore. He leads the overall business operations and R&D efforts.

• Kenny Wang (COO): An accomplished entrepreneur with experience in AI and IoT industries, recognized in Forbes 30 Under 30 for Enterprise Technology. He drives operational excellence and supports the company's growth.

Advisory Board

• Michael Gryseels (Board Chairman): With over 25 years of experience in transforming businesses with disruptive technologies, he advises on business and strategy.

• Nimantha Baranasuriya (Co-founder and Non-Executive Director): Holds a PhD from the National University of Singapore, contributing to the company's foundational research.

• Charles Cousins (Sales and Strategy Advisor): Brings over 30 years of experience in scaling sales operations internationally.

• Chan Mun Choon (Technical Advisor): An Associate Professor at the National University of Singapore, specializing in low-power wireless networking.

• Venkat Padmanabhan (Technical Advisor): Deputy Managing Director at Microsoft Research India and an expert in wireless networking technologies.