Scaling our impact — Akido announces $25 million in total funding
The life expectancy of a person experiencing homelessness in the U.S. is just 47, compared with 78 for the population as a whole. And despite hundreds of billions spent and the best of intentions, homelessness continues to rise, year after year.
We can’t simply manage society’s most intractable problems and expect to solve them, be it homelessness, chronic illness, or disease outbreaks.
We must address the social inequity creating these problems in order to prevent them in the first place.
Akido was created out of the USC D-Health Lab with the idea that empowering government, healthcare, and nonprofit services with great data could help usher in the new era of prevention focussed public health.
The doctors, social workers, and policy makers on the frontline of public health know what needs to be done, and have earned the trust of our most vulnerable communities. The challenge is that their data infrastructure is often fragmented and outdated — severely limiting their ability to proactively help societies most vulnerable.
Over the past six years, Akido has collaborated with a broad range of healthcare organizations, government agencies, and community members with lived experience.
These partnerships have supported Akido to create a variety of data-enabled programs to improve health and social outcomes, while also reducing costs.
A new generation of data-enabled programs
Protecting our most vulnerable from COVID-19
Powered by Akido technology, the Los Angeles County Department of Health Services (DHS) and the Los Angeles Homelessness Services Authority (LAHSA) created the Pandemic Relief Program — an LA-wide initiative to prevent COVID-19 outbreaks amongst people experiencing homelessness.
With Akido’s platform, clinical outreach workers can use previously inaccessible data to strategically track COVID-19 hotspots, rapidly test people at risk, and connect them to vaccination sites. This program resulted in testing more than 60,000 people and vaccinating more than half of the people experiencing homelessness across LA.
Real-time crisis services that reduce arrests and improve outcomes
Akido technology also powers the City of Santa Monica’s groundbreaking Alternative Response Program. This program drastically reduces encounters between law enforcement and people experiencing homelessness.
By leveraging Akido’s platform, the City enabled real-time data sharing so social workers would know when their clients were in a situation of extreme distress.
For instance, social workers are now notified if their client is taken to the emergency room, and can then de-escalate the situation and connect individuals with the appropriate support services.
During the pilot study, the program reduced arrests by 39%. This is just one of the many health, social and economic outcomes of enabling multidisciplinary social services teams to collaborate and proactively address client needs.
Targeted outreach for early cancer detection
Akido’s platform also enabled Moffitt Cancer Center’s Office of Community Outreach, Engagement & Equity (COEE) to launch a modernized outreach program. The program promotes life-saving early detection screenings for high-risk communities in Tampa Bay, Florida.
The technology supports large-scale and personalized outreach that dramatically increases the scale of COEE efforts.
Akido enabled COEE to reach a target population 25 times the size of the previous year’s efforts, and with much greater geographical precision.
Scaling Akido’s impact
We are proud to share that Akido has raised a total of $25 million in funding to scale our impact. Our latest financing was led by Future Communities Capital (FCC), who specializes in mission-driven companies disrupting legacy industries.
Rohit Gupta, Managing Director of FCC has also joined Akido’s board.
This funding will support Akido’s vision of building a future without the systemic inequities that so often lead to catastrophic healthcare and social consequences for our most vulnerable community members.
An important part of that work will be growing the team to help our partners scale the impactful programs they’ve built across the country. In addition to this Akido will be supporting the creation of new programs that help communities in need.
Akido is also working with organizations, such as the Milken Institute, to scale programs to support homelessness prevention, and the Quality Parenting Initiative to create new child welfare focussed initiatives.
Equally important is the continued investment in Akido’s care delivery platform.
Akido Co-Founder and CEO Prashant Samant said the company’s technology addresses one of the social safety nets toughest challenges.
“Our technology empowers healthcare organizations, government agencies, and social service providers to be more proactive rather than reactive,” he said.
“When it comes to health and wellbeing, being more proactive means being more impactful — especially for our most vulnerable communities who are already underserved by existing systems.”
Akido Co-Founder and CTO Jared Goodner said modernizing health and other public service infrastructure improves outcomes while reducing costs.
“Unfortunately, the technical infrastructure behind many public services limit the experiences they can provide in their programs,” Mr Goodner said.
“Our work represents a huge step towards bridging the gap between typical consumer expectations with regards to technology and their current interactions and experience with public services.”
Rohit Gupta said Akido is uniquely positioned to push the envelope when it comes to disrupting one of the country’s largest legacy industries.
“Akido has demonstrated the power of equipping frontline public-facing services with effective technology solutions,” he said.
“We’re excited to help them scale that work to communities across the country.”
Help Akido build the tech-enabled healthcare solutions of the future
If you’re a community activist, a policymaker, or a potential program partner, we’d love to meet — you can reach us at email@example.com.