Lumiq Raises $2 Million in Seed Round

by Kay Aloha Villamor in August 25th, 2021

Lumiq, a data, and analytics company that powers data-driven decision-making for financial enterprises announced it has raised $2 Million Seed round funding led by Info Edge Ventures. The round also saw participation from Redstart Labs and angel investor Parampreet Bhasin.

Lumiq plans to utilize the funds in the company’s sales growth, enhancing product offerings as well as expanding its global footprint.

Company: Lumiq 

Raised: $2.0M

Round: Seed Round

Funding Month: August 2021

Lead Investors: Edge Ventures

Additional Investors: Redstart Labs and angel investor Parampreet Bhasin

Company Website: https://www.lumiq.ai/

Software Category: a cloud-native AI data platform 

About the Company: Lumiq’s cloud-native AI data platform enhances the customer experience by 37% and business productivity by 23%. Lumiq is a group of data scientists, engineers, and consultants who bring in a highly customized set of applications and processes to data management and data-driven business transformation. Lumiq’s secret sauce is its step-by-step iterative approach integrating AI/ML with data modeling. Lumiq brings a team with deep technical expertise and years of consulting experience. Our exposure to multiple domains helps us to understand customer needs and discover the “deep smarts” that drive any industry.

Source: https://www.entrepreneur.com/article/381142

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