Wednesday, April 17, 2024
HomeRecent ArticlesLumian Secures $3.2 Mn Pre-Seed Funding

Lumian Secures $3.2 Mn Pre-Seed Funding

Turkish AI-based SaaS startup Lumian has secured $3.2 Mn Pre-Seed Funding from DOMiNO Ventures and Ismail Ferhat Özlü. With the funding, Lumian intends to grow its presence in the market for AI-driven energy management solutions and boost sales volume in Germany and Turkey.

Turkish AI-based SaaS startup Lumian has secured $3.2 Mn Pre-Seed Funding from DOMiNO Ventures and Ismail Ferhat Özlü.

Read also – Global Radiotherapeutics Company Full-Life Technologies Secures USD $47.3 Mn Series B Funding

With the funding, Lumian intends to grow its presence in the market for AI-driven energy management solutions and boost sales volume in Germany and Turkey.

Read also – Khazanah and CGC Digital Announce Strategic Investment in Funding Societies

Lumian co-founder Batu Balkır said: “The strategic pre-seed investment will play a crucial role in executing Lumian’s growth strategies. Our energy efficiency solutions are versatile, suitable for a wide range of applications from industrial facilities to commercial organisations and poised to significantly contribute to sustainability.”

Read also – Aqua Security Closes $60M Additional Funding at a Valuation Above $1B

About Lumian

Founded by Emre Birol and Batu Balkır in 2023, Lumian provide companies with information about their energy consumption, bills and sustainability goals to transform the way people work and what they can create.

Read also – Cloud Security Platform Orca Security lays off 15% of workforce

As a pioneer in Smart Energy Management solutions, Lumian uses purpose-built AI trained by industry experts to help customers precisely calculate energy consumption, increase efficiency and reduce CO2 emissions. Lumian’s customers typically see a 2 to 8x return on investment within a few months.

Read also – Robin AI Raises $26M Series B Funding led by Temasek

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular