Akkio, a Cambridge-based startup that offers generative AI and machine learning tools to businesses, announced Tuesday it raised $15 million in Series A funding. Bain Capital Ventures and Pandome participated in the round, which will be used to speed up the commercialization of Akkio’s platform.
The Akkio platform enables businesses to use GPT-4, a large language model developed by AI giant OpenAI, to automatically generate insights, visualizations and dashboards from their data. Analysts can also use Akkio to build predictive models and deploy them for real-time decision-making in just a few minutes — all without having to write a single line of code.
In just the last year, Akkio has made several additions and updates to its platform. This includes a feature that uses generative AI to automate the process of data cleaning and preparation, a chatbot that helps users to explore and query their data more easily, and a machine learning model for predicting things like inventory availability, sales and marketing performance. Going forward, this fresh funding will allow Akkio to continue scaling and advancing its platform.
