Actable AI

Actable AI is a London-based company that operates a no-code advanced analytics platform designed to make data science accessible to a broader business audience. Founded in 2020 by CEO Dr. Trung Huynh and Dr. Armen Poghosyan, the company aims to address the gap between the vast number of spreadsheet users and the limited availability of data scientists. Dr. Huynh has a background working with prominent technology companies like Google, Palantir, and Goldman Sachs.

The company's core business revolves around providing a platform that allows users to perform complex data analysis without needing programming skills or deep knowledge of statistics. It targets the one billion global spreadsheet users, including small to medium-sized enterprises and business professionals who rely on tools like Google Sheets and Excel for their data tasks. Actable AI's business model is structured around its software, which is accessible as a stand-alone web application and through plugins for Google Sheets and Excel. The platform is offered with a free tier that includes paid features, suggesting a freemium or subscription-based revenue model.

The product offers a suite of AI-driven analytical capabilities. These include predictive analytics for classification and regression, time series forecasting, causal inference to understand cause-and-effect relationships, and counterfactual predictions for 'what-if' scenarios. Additional features encompass sentiment analysis, customer segmentation, data cleaning, and correlation analysis. Actable AI leverages technologies like AutoML for automated model selection, deep learning for complex pattern recognition, and Causal AI to provide fairer, unbiased predictions. The platform is designed to be integrable with third-party tools via a RESTful API, allowing businesses to incorporate the trained models into their own applications. For datasets too large for conventional spreadsheets, the company provides a more powerful web-based application.

In February 2022, Actable AI announced a pre-seed funding round of $1.2 million (€1 million). The investment was led by Begin Capital, with participation from Charlotte Street Capital, Malta Enterprise, and several angel investors, aimed at launching its solution and expanding its user base.

Keywords: no-code analytics, data science platform, spreadsheet analytics, business intelligence, predictive analytics, causal inference, time series forecasting, sentiment analysis, customer segmentation, AutoML, Explainable AI, Causal AI, Google Sheets add-on, Excel plugin, data analysis tools, machine learning, AI-powered analytics, decision intelligence, data visualization, freemium SaaS