Akermin

What Akermin does

Akermin is a privately held, venture-backed technology company headquartered in St. Louis, Missouri, founded in 2003. According to its firmographic profile, Akermin develops commercial applications in wireless sensor technology for military uses, positioning it at the intersection of defense electronics and industrial sensing. The company operates with a small team (11–50 employees) and maintains a minimal public web presence at akermin.com.

Between 2004 and 2013, Akermin raised approximately $25.5 million across nine disclosed funding rounds, attracting a specialized investor syndicate that includes Prolog Ventures, Malaysian Life Sciences Capital Fund, St. Louis Arch Angels, Chrysalix Venture Capital (energy-focused), Emerson Ventures (industrial automation), and OnPoint Technologies (defense-focused). The largest disclosed raise was a $10 million Series 2 in January 2010 led by Malaysian Life Sciences Capital Fund; subsequent activity tapered through 2013, with the most recent round being $3 million in October 2013. The mix of energy, industrial-automation, and defense investors implies a strategy that originally contemplated dual-use commercialization of wireless sensor technology across military and adjacent commercial verticals.

Publicly verifiable data on Akermin's current operations, customers, product portfolio, revenue, and post-2013 activity is limited or absent in the supplied input. No patents, trademarks, certifications, partnerships, leadership changes, acquisitions, product launches, or AI capabilities are disclosed. A large block of input data describing an unrelated Indonesian online gaming platform (GARUDA62) does not pertain to Akermin and is excluded from this analysis. As a result, any assessment of current revenue, growth trajectory, or strategic direction beyond the 2013 funding window relies on inference from a thin evidentiary base.

Name

Akermin

Website

https://akermin.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Akermin is a privately held St. Louis-based company founded in 2003 that develops commercial wireless sensor applications for military uses, having raised approximately $25.5 million from defense, energy, and industrial-focused venture investors between 2004 and 2013.

Ownership category

akta.pro rank

Product category

Military Wireless Sensors

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Electro-Optical/Infrared (EO/IR) Sensors & Targeting Systems (IMABAGAC)

Keywords

• Wireless sensor systems
• Military sensor applications
• Defense sensor technology
• Commercial sensor products
• Battlefield sensor solutions

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations

Revenue model

1. Online Lottery/Togel Wagering: Customers place bets on various lottery markets including international lotteries (Sydney, Singapore, Hongkong, Japan, Cambodia, China, Taiwan, Qatar, Malaysia, Thailand) and regional variations. Platform acts as intermediary aggregating customer wagers to official lottery pools.
2. Online Slot and Casino Gaming: Platform hosts slot games and live casino from third-party providers (Pragmatic Play, Playtech, Evolution, etc.) and earns revenue through house edge on player wagers. Features progressive jackpots and daily tournament promotions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Akermin develops commercial applications in wireless sensors for military uses. The company focuses on adapting and productizing wireless sensor technology into deployable solutions intended for defense customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Wireless Sensors for Military Applications

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and secondary.

• Pragmatic PlaycoreTechnology or IntegrationPragmatic Play is a leading game provider whose slot games, live casino, and sports betting products are integrated into the GARUDA62 platform. The platform features multiple Pragmatic Play titles including Gates of Olympus, Sweet Bonanza, and various tournament promotions.
• PlaytechcoreTechnology or IntegrationPlaytech provides slot games and live casino content to GARUDA62, including jackpot progressive games and Magic Mahjong. Platform features Playtech's game portfolio including various branded and original titles.
• Evolution GamingcoreTechnology or IntegrationEvolution provides live casino gaming content integrated into the GARUDA62 platform, offering live dealer games and casino entertainment.
• PG SoftcoreTechnology or IntegrationPG Soft provides mobile-first slot gaming content to the platform with various game titles available to players.
• MicrogamingcoreTechnology or IntegrationMicrogaming supplies casino and slot gaming content to the GARUDA62 platform as part of the integrated game provider network.
• SpadegamingsecondaryTechnology or IntegrationSpadegaming provides slot and fishing games with tournament promotions including Mancing Mania and Play and Win tournaments featured on the platform.
• NXT (Gaming Platform Provider)coreTechnology or IntegrationNXT provides the underlying gaming platform infrastructure powering GARUDA62, including platform technology, game aggregation, payment processing, and operational systems. The platform is explicitly 'Powered By NXT'.
• Indonesian Banks (BCA, Mandiri, BNI, BRI, CIMB, Danamon)coreOthersPartnership with major Indonesian banks enables deposit and withdrawal processing for customers using traditional banking channels.
• Digital Wallet Providers (GoPay, OVO, DANA, ShopeePay)coreOthersIntegration with Indonesian digital wallet services enables convenient mobile payment options for deposits and withdrawals on the platform.
• QRIS (Indonesian QR Payment Standard)coreOthersQRIS integration enables standardized QR code payments with advertised 5-second deposit processing time.

Recent moves6 records

Expansion highlights2 records

Direct peers

• Mercury Systems: Mercury Systems specializes in mission-critical defense electronics, RF and microwave subsystems, and sensor processing for aerospace and defense applications. It is a direct peer in the defense sensor and electronic subsystems niche, though significantly larger and publicly traded.
• Silvus Technologies: Silvus develops tactical wireless mesh network radios and sensor communications for defense and public safety. It is directly comparable to Akermin's wireless-sensors-for-military-use profile as a specialist defense wireless communications vendor.
• TrellisWare Technologies: TrellisWare provides tactical radio and wireless networking solutions (e.g., TSM waveform) used by U.S. DoD and allied forces. Comparable to Akermin in mission-focused wireless communications for military sensor networks.
• Persistent Systems (Persistent MPU5): Persistent Systems builds the MPU5 mobile ad-hoc networking radio and related wireless sensor network solutions for U.S. and allied military forces. Comparable to Akermin as a specialist wireless sensor/communications provider for defense end-users.

Broad incumbents

• L3Harris Technologies: L3Harris is a major defense prime producing a broad portfolio of tactical communications and sensor systems for military customers. It is comparable to Akermin as a defense electronics/sensor provider to U.S. and allied militaries, but at vastly larger scale and broader scope.
• Sierra Nevada Corporation: Sierra Nevada Corp builds integrated mission systems, ISR sensors, and tactical communications for DoD. Comparable as a privately-held defense electronics integrator with relevant sensor/wireless capability.
• Ultra Intelligence & Communications: Ultra I&C produces tactical communications, EW, and sensor solutions for military customers. Comparable as a defense-focused mid-tier electronics supplier with sensor and wireless communications overlap.
• Raytheon (RTX): Raytheon is a major defense prime producing integrated sensor, EW, and missile systems for the U.S. military. Comparable as a buyer/partner in defense electronics and sensors, though vastly broader and larger than Akermin.
• Kratos Defense & Security Solutions: Kratos produces unmanned systems, microwave electronics, and tactical communications for defense customers. Comparable as a mid-tier defense electronics/sensor specialist, though larger and publicly traded.

Emerging players

• Doodle Labs: Doodle Labs designs high-throughput mesh networking radios for robotics, UAVs, and defense applications. Comparable to Akermin as a smaller specialist in military wireless sensor/communications, with overlap in unmanned systems sensing.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/akermin

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds9 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akermin