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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $93.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Accion Labs | Valuation | True North |
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| Mar, 2020 | Amount | Seed - Accion Labs | Valuation | TA |
| 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 |
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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. 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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Private equity is invested by True North in mid-market companies.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Tech and Life Sciences focused VC firm investing in the US and India
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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 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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Application development, maintenance and quality assurance services
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2010 | ||||
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IT operations and hybrid cloud management solutions are provided.
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2008 | ||||
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Offers IT services including product engineering, testing, and cloud solutions to businesses.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Accion Labs
| 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 |
Accion Labs Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
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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| 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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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 Accion Labs
Frequently Asked Questions about Accion Labs
When was Accion Labs founded?
Accion Labs was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is Accion Labs located?
Accion Labs is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Accion Labs?
Kinesh Doshi is the current CEO of Accion Labs. They have also founded this company.
Is Accion Labs a funded company?
Accion Labs is a funded company, having raised a total of $93M across 2 funding rounds to date.
How many employees does Accion Labs have?
As of Apr 10, 2024, the latest employee count at Accion Labs is 1,483.
What is the annual revenue of Accion Labs?
Annual revenue of Accion Labs is $24.97M as on Mar 31, 2020.
What does Accion Labs do?
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.
Who are the top competitors of Accion Labs?
Accion Labs's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Accion Labs offer?
Accion Labs offers Product Engineering, Data Analytics, Automation, and Cloud Services.
How many acquisitions has Accion Labs made?
Accion Labs has made 3 acquisitions, including Parinati Solutions, SM NETSERVProtected Tweets, and Serviceberry.
Who are Accion Labs's investors?
Accion Labs has 3 investors. Key investors include True North, TA Associates, and Basil Partners.
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