About Accion Labs
Accion Labs is a company based in Pittsburgh (United States) founded in 2011 by Tony Kernan and Kinesh Doshi. Accion Labs has raised $93 million across 2 funding rounds from investors including True North, TA Associates and Basil Partners. The company has 1,483 employees as of April 10, 2024. Accion Labs has completed 3 acquisitions, including Parinati Solutions, SM NETSERVProtected Tweets and Serviceberry. Accion Labs offers products and services including Product Engineering, Data Analytics, Automation, and Cloud Services. Accion Labs operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Pittsburgh, United States
- Employees 1483 as on 10 Apr, 2024
- Founders Tony Kernan, Kinesh Doshi
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Accion Labs India Private Limited
- Date of Incorporation 10 Dec, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$24.97 M (USD)33.83as on Mar 31, 2020
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Net Profit
$2.45 M (USD)118.18as on Mar 31, 2020
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EBITDA
$3.32 M (USD)91.74as on Mar 31, 2020
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Total Equity Funding
$93 M (USD)
in 2 rounds
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Latest Funding Round
$93 M (USD), Series A
Sep 28, 2022
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Investors
True North
& 2 more
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Employee Count
1483
as on Apr 10, 2024
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Investments & Acquisitions
Parinati Solutions
& 2 more
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Products & Services of Accion Labs
Accion Labs offers a comprehensive portfolio of products and services, including Product Engineering, Data Analytics, Automation, and Cloud Services.
Facilitates digital transformation with customized products
Provides insights through big data and analytics tools
Integrates RPA and automation for operational efficiency
Offers migration and management on AWS and Azure
People of Accion Labs
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Software Development Team
55 people
Leadership Team
22 people
Human Resources and Administration
16 people
Sales and Marketing
11 people
Senior Team
11 people
Finance and Accounting
8 people
Client Team
7 people
Delivery Team
4 people
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Funding Insights of Accion Labs
Accion Labs has successfully raised a total of $93M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $93 million completed in September 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.
Investors in Accion Labs
Accion Labs has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include True North, TA Associates and Basil Partners.
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Private equity is invested by True North in mid-market companies.
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Multiple sectors are invested in by private equity firm TA.
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Tech and Life Sciences focused VC firm investing in the US and India
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Investor details for Accion Labs
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Investments & Acquisitions by Accion Labs
Accion Labs has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Parinati Solutions, SM NETSERVProtected Tweets and Serviceberry.
Investment portfolio details for Accion Labs
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Application development, maintenance and quality assurance services
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IT operations and hybrid cloud management solutions are provided.
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Offers IT services including product engineering, testing, and cloud solutions to businesses.
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Complete acquisition details for Accion Labs
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Financial Statements - Accion Labs
Detailed financials for Accion Labs
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Accion Labs Comparisons
Peer comparison for Accion Labs
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Competitors of Accion Labs
Accion Labs 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
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High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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Detailed competitors of Accion Labs
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Latest news on Accion Labs
Complete news archive for Accion Labs
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Frequently Asked Questions about Accion Labs
Accion Labs was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Accion Labs is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Kinesh Doshi is the current CEO of Accion Labs. They have also founded this company.
Accion Labs is a funded company, having raised a total of $93M across 2 funding rounds to date.
As of Apr 10, 2024, the latest employee count at Accion Labs is 1,483.
Annual revenue of Accion Labs is $24.97M as on Mar 31, 2020.
Accion Labs is a technology services firm. Depending on the size of companies, they help agencies conceptualize, design, develop and deploy commercial software products using technologies such as Web 2.0, SaaS, Cloud, Open-source, BIDW, Mobile and Big Data. Their clients include consumer product firms, enterprise software firms, SaaS firms and e-business organizations. Through its time-tested flexible agile and white-box engagement model, the Collaborative Product Delivery (CPD) model, we help our clients deliver software products faster, better and cheaper. They also offer a range of engagement models such as strategic consulting, value-added staffing, turn-key projects offshore leveraged extended-delivery models and a number of outcome-oriented collaborative development models. It is Delaware-based with headquarters in Pittsburgh and offices in multiple locations in the US, India and Singapore.
Accion Labs's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
Accion Labs offers Product Engineering, Data Analytics, Automation, and Cloud Services.
Accion Labs has made 3 acquisitions, including Parinati Solutions, SM NETSERVProtected Tweets, and Serviceberry.
Accion Labs has 3 investors. Key investors include True North, TA Associates, and Basil Partners.