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Aditya Hadi Pratama · · 1 min readWavemaker-backed industrial tech firm bags $3m series A money
Ackcio, a Singapore-based startup that builds wireless monitoring solutions for industrial projects, raised S$4 million (around US$3 million) in its latest funding round.
More funding details
- Lead investor: Atlas Ventures
- Existing investor: Wavemaker Partners, Aletra Capital Partners, and AccelerAsia Ventures
- Other investors: Enterprise Singapore and Seasight Holdings
- Stage: Series A
More company updates
- Ackcio will use the fresh funds to set up shop in more markets and scale up its research and development efforts.
- In the past year, the startup has expanded to 22 countries and serves various industrial sectors, such as construction, infrastructure, mining, and rail. It plans to enter asset-heavy industries such as oil and gas, energy, and power infrastructure.
- The funding comes around a year after Ackcio raised an undisclosed amount of pre-series A funding co-led by Wavemaker Partners and Michael Gryseels, president of digital transformation enabler True Digital Group.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
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