LLUMO AI Raises $1 Million in Seed Round
LLUMO AI, a Noida, India-based AI optimization company, has raised $1 million (INR 8 crore) in seed funding.
LLUMO AI, a Noida, India-based AI optimization company, has raised $1 million (INR 8 crore) in seed funding.
Investors
The round was led by SenseAI Ventures, with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel Fund, and several prominent US-based angel investors.
Founded in 2018, SenseAI Ventures is a venture capital firm based in Gurgaon, India. The firm focuses on minority seed, early-stage, and later-stage investments in AI startups.
LLUMO AI Use of Funds
The company will use the funds to accelerate its expansion into the US market and enhance its advanced enterprise-grade platform, designed to seamlessly integrate with existing AI workflows.
About LLUMO AI
LLUMO AI was founded by Shivam Gupta with a clear mission: to democratize access to generative AI and help businesses unlock their true potential. LLUMO AI specializes in artificial intelligence cost optimization and performance enhancement. LLUMO AI is built to help high-growth SaaS businesses build powerful AI products by measuring their AI performance without requiring any coding. Its platform aims to reduce LLM costs, cut time to market, and deliver a significant annual return on investment (RoI).
Funding Details
Company: Instaminutes Private Limited
Raised: $1.0M
Round: Seed Round
Funding Date: August 2024
Lead Investor: SenseAI Ventures
Additional Investors: India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel Fund
Company Website: https://www.llumo.ai/
Software Category: AI Optimization
