Ones to watch: Akumina

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Intranet platform Akumina has announced a $7.5 million round to expand its software that helps mid-sized to large companies create modern intranet websites and boost employee productivity.

The US-based company describes itself as a “modern intranet platform that empowers global enterprises to quickly create personalised digital experiences that help every employee in every role work smarter, not harder”. The platform’s list of clients includes Red Sox, GlaxoSmithKline, Tata and Kronos.

Akumina has had a banner year, with 191 per cent year-over-year annual recurring revenue growth. The company’s bookings have increased 192 per cent year-over-year from Q3 2017, as its digital workplace platform continues to unify technology and drive employee engagement with large enterprises across a litany of verticals such as telecom, life sciences, retail and financial services. Akumina’s achievements recently earned it recognition as Intranet Choice for the Digital Workplace in ClearBox Consulting’s 2019 report.

“Stagnant workplace technology has been a huge drain on both productivity and employee satisfaction,” said David Maffei, president and CRO at Akumina. “Akumina was founded on a simple, yet powerful belief that empowering employees through technology will increase engagement and keep employees informed and productive. We’re excited to put this new funding to work as we deliver on that vision with cutting-edge solutions that enterprises can use to give employees the context and content they need to do amazing things.”