Lumi AI, a Dubai, UAE-based cutting-edge AI startup re-imagining business intelligence for organizations with physical supply chains, raised a first round of funding.
The investment was from New York-based B2B SaaS investors Forum Ventures, UAE-based Annex Investments, and angels.
The funding will allow Lumi AI to invest in its product development and grow its team as it gears up for a full-scale platform launch later this year.
"Lumi AI is born out of an understanding that SQL and Python skills should not be a barrier to data-driven decision making. We've engineered Lumi to seamlessly convert plain language into invaluable business insights, democratizing access to data and enabling a future where everyone can make informed, strategic decisions," stated Ibrahim Ashqar, CEO of Lumi AI.
Lumi AI's core technology comprises proprietary algorithms and workflows capable of understanding enterprise operational systems and transforming vague user prompts into high-quality, AI-friendly instructions.
The company is on a mission to help democratize access to data, insights, and predictive analytics.
Company: Lumi AI, Inc.
Raised: Undisclosed
Round: Unknown
Funding Month: August 2023
Lead Investors: Forum Ventures, UAE-based Annex Investments, and angels
Additional Investors:
Company Website: https://www.lumi-ai.com/
Software Category: Data Analyst AI Software
About the Company: Founded in April 2023 by Ibrahim Ashqar and Tudor Boiangiu, Lumi AI is a business intelligence technology company that developed data analyst AI software designed for end business users working in retail and supply chains. Lumi enables retail businesses to make use of AI generative models to digitize their supply chain, enabling them to generate custom reports and run statistical models using plain language.
Source: https://www.wamda.com/2023/08/generative-ai-lumi-raises-round-funding-ahead-launch