About Accern
Accern is a company based in New York (United States) founded in 2014.. Accern has raised $36.64 million across 6 funding rounds from investors including IBM, Deutsche Bank and Credit Suisse. The company has 15 employees as of March 21, 2024. Accern operates in a competitive market with competitors including Pico, Two Sigma Investments, BlueMatrix, Quant Insight and BMLL, among others.
- Headquarter New York, United States
- Employees 15 as on 21 Mar, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Accernai Software Solutions India Private Limited
- Date of Incorporation 24 Jan, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.07 M (USD)4.9as on Mar 31, 2023
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Net Profit
$32.13 K (USD)-71.86as on Mar 31, 2023
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EBITDA
$76.21 K (USD)-58.75as on Mar 31, 2023
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Total Equity Funding
$36.64 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Series B
May 02, 2022
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Investors
IBM
& 23 more
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Employee Count
15
as on Mar 21, 2024
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Funding Insights of Accern
Accern has successfully raised a total of $36.64M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $20.0M
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First Round
First Round
(06 Jun 2017)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Accern | Valuation | Mighty Capital , Fusion Fund | |
| Dec, 2020 | Amount | Grant - Accern | Valuation |
investors |
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| Mar, 2020 | Amount | Series A - Accern | Valuation | Fusion Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accern
Accern has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IBM, Deutsche Bank and Credit Suisse. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by Mighty Capital to innovators.
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Founded Year | Domain | Location | |
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Investment in early-stage startups focusing on healthcare, AI, and industrial technology.
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Founded Year | Domain | Location | |
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Investments are made in global seed and early-stage startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accern
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Accern
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accern Comparisons
Competitors of Accern
Accern operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pico, Two Sigma Investments, BlueMatrix, Quant Insight and BMLL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial market data is tracked and analyzed via specialized tools.
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| domain | founded_year | HQ Location |
Offers AI-based, data-driven insights for investment management and decision-making.
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| domain | founded_year | HQ Location |
Online investment research is delivered to wealth managers and firms.
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| domain | founded_year | HQ Location |
Quantitative analytics for financial securities are delivered.
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| domain | founded_year | HQ Location |
Cloud-based AI analytics platform for traded securities data is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accern
Frequently Asked Questions about Accern
When was Accern founded?
Accern was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Accern located?
Accern is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Accern a funded company?
Accern is a funded company, having raised a total of $36.64M across 6 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Jun 06, 2017.
How many employees does Accern have?
As of Mar 21, 2024, the latest employee count at Accern is 15.
What is the annual revenue of Accern?
Annual revenue of Accern is $1.07M as on Mar 31, 2023.
What does Accern do?
Accern was founded in 2014 in New York, United States, as an AI-driven platform focused on data analytics for the financial sector. Natural language processing tools are utilized to extract insights from stock data, filter sources, and provide ratings. Predictive analytics are applied to support decisions on equity markets, ROI, and investment risks. Alerts for major events are also delivered to government agencies.
Who are the top competitors of Accern?
Accern's top competitors include Pico, Quant Insight and BMLL.
Who are Accern's investors?
Accern has 24 investors. Key investors include IBM, Deutsche Bank, Credit Suisse, Tribe Capital, and Gener8tor.
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