Building Akooda has been an exhilarating and transformative journey, filled with passion, innovation, and the pursuit of reshaping how businesses harness the power of data-driven decision-making. And now, with a recent injection of $11M in funding from esteemed investors — we are taking a significant leap forward in empowering businesses with the power of AI.
This journey started with a revelation during my time as an engineer in very large companies and later as a management consultant. In this fast-paced business landscape, the combination of speed and access to information was the key factor in a company’s ability to outmaneuver even established industry players, emphasizing the need for swift decision-making.
Yet, as companies grow, they face a daunting challenge — information scattered across diverse platforms and teams spread across the globe. The sheer complexity slows down access to critical data and impedes operational efficiency. McKinsey revealed that nearly 20% of an employee’s workweek is wasted on searching for internal information or seeking collaboration from colleagues, hindering growth opportunities.
That’s where Akooda shines. Our first-of-its-kind Operations Intelligence platform leverages the power of AI to locate, access, and analyze a company’s internal information seamlessly. Imagine having instant access to your entire knowledge base, allowing you to make data-driven decisions at the speed of thought.
Beyond enhancing speed, Akooda addresses another crucial issue businesses face — data integration and access. As companies grow they grapple with disjointed information systems, and remote and disenfranchised employees, resulting in inefficiencies and missed opportunities. Akooda bridges this gap by providing a unified analysis of all data sources, from Slack discussions to Salesforce entries, Google Docs, and much more, using the power of AI and without the need for human intervention.
What makes me most proud are the transformative outcomes Akooda has brought to our more than 30 customers, including some of the globe’s most successful Fortune 500 companies.
A global Healthtech client faced challenges in determining the right support for their sales team, hindered by organizational disconnect across different teams. With Akooda, they began tracking interactions across 15 software tools and hundreds of employees, which revealed critical insights into the sales process over time. Management discovered that involving a sales engineer in the sales process within the first six weeks significantly increased their chances of closing a deal by an astounding 60%. The measurable ROI from this specific use case alone surpassed the annual contract cost, underlining the substantial benefits Akooda brings to businesses seeking remarkable wins and game-changing results.
I am immensely proud of what our incredible team has accomplished so far. With the support of our visionary investors, who share our vision and have guided us through key decisions, we are poised to take Operations Intelligence to new heights. Our platform’s ability to create a more efficient, agile, and proactive business landscape will transform the way businesses operate and make decisions.
This funding round opens up a world of possibilities for Akooda, and we’re eager to seize every opportunity to grow and make a lasting impact in the business world. Together, with our investors, customers, and dedicated team, we will chart an exciting path towards success, fueled by innovation, customer satisfaction, and global awareness of the Akooda platform. The future is bright, and we can’t wait to share it with you all.