Global Big Data Conference

Cloud artificial intelligence startup Akkio Inc. announced today that it has raised a $3 million seed round led by Bain Capital Ventures to build out its AI and machine learning platform Founded in 2019 by former employees of Sonos Inc. and Markforged Inc., the Akkio platform is pitched as offering AI for people who aren't data scientists. Offering a no-code platform, Akkio is designed for teams without dedicated data science or developer resources. The average training time on a model can be as little as one minute, and the company claims the process is as easy as uploading an Excel spreadsheet to the cloud. That compares with more than an hour using services from Google LLC, Amazon Web Services Inc., or Microsoft Corp., Akkio claims. It also says that even with short training time, their models typically outperform the cloud giants.