Wikipedia

Akeneo

Akeneo is a technology company that develops product information management (PIM) and product data intelligence software to scale business and improve customer experience.[1][2] Akeneo is headquartered in Nantes, France and has offices in the United States, United Kingdom, Germany, Italy, the Netherlands and Australia with more than 400 employees.[3][4] It has worked with customers including Shop.com, Fossil, Midland Scientific, Air Liquide, Rexel, Babolat, LVMH and Auchan.[5]

Akeneo
GenreProduct information management
Founded2013
FoundersFrédéric de Gombert, Benoit Jacquemont, Nicolas Dupont and Yoav Kutner
Headquarters
Nantes, France
,
Area served
Worldwide
Key people
Romain Fouache, CEO
Number of employees
400+
Websiteakeneo.com

History

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Before founding Akeneo, Frédéric de Gombert, Benoit Jacquemont and Nicolas Dupont had worked together at the open source company, Smile. They began developing a single product database to compete with Excel and brought Yoav Kutner onboard in founding Akeneo.[6][7] The name comes from the Greek word akene, like the achenes' fruits that contains all the fruits' information and spread them along the winds. The company started producing a system for managing product information for use across distribution channels.[5] The first public beta of Akeneo PIM was released in September 2013.[8]

Akeneo was a co-founder and partner of the Open Source School created by Smile and the École privée des sciences informatiques.[9] The company also opened offices in Düsseldorf, Germany and Boston, Massachusetts during early 2016.[10]

Akeneo expanded into Israel after acquiring Sigmento, product data automation startup company. The acquisition worked to merge Sigmento's technology with Akeneo's products for data enrichment automation.[11] The company also opened offices in Spain, Poland and the United Kingdom during early 2018.[1] By late 2018, Akeneo had partnered with Magento to integrate its PIM software with the e-commerce system.[12]

In March 2019, the company expanded into Italy and later announced that it would be opening an office in Australia in 2020.[13]

In September 2023, it was announced Akeneo had acquired the AI data collection, cleansing, categorisation and enrichment platform, Unifai.[14]

In October 2024, Romain Fouache was announced as the company's next chief executive officer. He was previously the chief operating officer and chief revenue officer at Dataiku, an artificial intelligence and machine learning company. Fouache assumed the role in November 2024 and stated that the company would develop new products through AI to optimize its customers' product experience.[15][16]

In February 2026, Akeneo partnered with Stripe, Inc. to activate product data for agentic commerce.[17]

Funding

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KIMA Venture and Nestadio Capital contributed €350,000 to the company in 2013.[18] In September 2014, Akeneo received initial funding of $2.3 million led by Alven Capital.[19] The company raised a Series B funding round of $13 million led by Partech Ventures in March 2017.[20] Salesforce Ventures made a strategic investment in the company as it continued to expand in North America.[21] It completed a $46 million Series C funding round in September 2019 led by Summit Partners.[22]

A $135 million Series D funding was completed in March 2022, led by Summit Partners.[23]

Products

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Akeneo's products include two versions of its open-source PIM software: a free community edition (CE) as well as an enterprise software as a service (SaaS).[5] Akeneo PIM open source software is built under license OSL 3.0 and written in PHP.[24][25]

In February 2020, the company released PIM 4.0 that included features such an asset manager, data quality insights, product attribute mapping and connection management by using API-based integration.[2][26]

It released Akeneo Product Cloud, a SaaS platform that uses generative AI to organize and manage product information, in 2022.[27]

References

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  1. 1 2 Maffei, Lucia (12 September 2020). "European software firm Akeneo to grow Boston headcount with $46M round". Boston Business Journal.
  2. 1 2 Marius, Stéphanie (6 February 2020). "La plateforme de gestion de l'expérience produit Akeneo lance sa nouvelle version". Ecommerce (in French).
  3. ↑ Stoler, Tofi (18 January 2018). "France's Akeneo Acquires Israel-based E-Commerce Data Automation Startup Sigmento". Calcalist.
  4. ↑ Sermondadaz, Sarah (21 September 2015). "Les 100 du digital retail : Akeneo, solution open-source de diffusion des catalogues produits". L'Usine Digitale (in French).
  5. 1 2 3 Dillet, Romain (12 September 2019). "Akeneo raises $46 million for its product information management service". TechCrunch.
  6. ↑ Bercault, Florian (6 November 2019). "Akeneo, Le Pari Réussi De L'Open Source". Forbes (in French).
  7. ↑ Lafond, Maëlle (28 September 2017). "Akeneo, cette startup française qui compte bien détrôner Excel". Maddyness (in French).
  8. ↑ Patzer, Alice (18 February 2014). "Akeneo: Das Open-Source-PIM-System im Kurztest". t3n Magazin (in German).
  9. ↑ Armand, Johann (3 February 2016). "Smile lance une école supérieure dédiée aux technologies open source". ChannelNews (in French).
  10. ↑ "Akeneo grabs $13 million to accelerate their international operations and to continue on the path to disrupt the PIM market - Alven". alven.co.
  11. ↑ Stoler, Tofi (18 January 2018). "France's Akeneo Acquires Israel-based E-Commerce Data Automation Startup Sigmento". Calcalist.
  12. ↑ "Akeneo devient Magento Premier Technology Partner". Ecommerce (in French). 17 October 2018.
  13. ↑ Maffei, Lucia (17 December 2019). "Speech analytics company raises 'biggest round yet' from Goldman Sachs". Boston Business Journal.
  14. ↑ Clark, Terry (2023-09-21). "Akeneo Acquires AI Platform Unifai, Creating World's First Intelligent Product Cloud - 365 RETAIL | The Latest Retail News". Retrieved 2023-09-21.
  15. ↑ Robillart, Olivier (7 November 2024). "Romain Fouache, AKENEO". Tech Talks (in French).
  16. ↑ "Akeneo Welcomes Romain Fouache as CEO to Elevate Innovation and Growth". www.summitpartners.com.
  17. ↑ Lucas, Peter. "Akeneo Taps Stripe's Agentic Commerce Suite; Funnel Processes Its First Rent Payment Using ChatGPT". Digital Transactions.
  18. ↑ "Les 100 du digital retail : Akeneo, solution open-source de diffusion des catalogues produits" (in French).
  19. ↑ "Akeneo : le PIM open source lève 1,8 million d'euros" (in French).
  20. ↑ "Akeneo grabs $13 million for its CRM of products".
  21. ↑ Akeneo. "Product Information Management Provider Akeneo Secures Strategic Funding Amid Growing U.S. Expansion". www.prnewswire.com. Retrieved 2019-03-04.
  22. ↑ "European software firm Akeneo to grow Boston headcount with $46M round".
  23. ↑ Rodriguez, Abel. "Akeneo Raises $135M for Its Product Experience Management Platform | Built In Boston". Built In.
  24. ↑ "Agence Dn'D - Premier partenaire Gold d'Akeneo PIM | Agence DnD". Agence Dn'D. Retrieved 2016-02-02.
  25. ↑ "StrikeTru Announces Market America". PRWeb. Retrieved 2016-01-05.
  26. ↑ Driscoll, Taylor (11 February 2020). "Akeneo rolls out newest version of PIM software". TechTarget.
  27. ↑ Clapaud, Alain. "« L'IA générative va bouleverser les comportements d'achat » (Romain Fouache, Akeneo)". LeMagIT (in French).
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