Lumi AI, a platform that helps brands and retailers analyze their ERP data, has raised $3.7 million in seed funding.
The round was led by AgFunder, a venture capital firm that focuses on early-stage AI startups solving supply chain issues. Other investors include Forum Ventures, Abu Dhabi’s sovereign wealth fund ADQ, Qora71 syndicate, and angel investors.
Even though companies spend billions on business intelligence tools, many with supply chains still face slow and manual data analysis. This delay makes it hard for teams to get timely insights and leads to missed financial opportunities.
Lumi AI’s platform includes a chat feature that acts as a personal data analyst. Users can easily explore data, create visuals, and get customized insights using simple language—no coding required. This helps unlock hidden value, increases productivity, and allows the data team to focus on more important tasks.
Lumi AI is powered by a special analytics engine and advanced controls, offering more than basic text-to-SQL tools. It introduces a new type of application that makes routine data tasks more efficient.
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The platform can handle a wide range of questions—simple or complex—and provides deeper insights. It sets a new standard for conversational analytics and aims to help businesses take action and fully leverage their data in the future.
Ibrahim Ashqar, CEO and Co-Founder of Lumi AI said, “We founded Lumi AI to break down the barriers between businesses and their data. With this funding, we’re accelerating our mission to help companies democratise access to intelligence and transform decision-making at scale, AgFunder’s expertise in supply chain innovation makes them an ideal partner to help us empower businesses globally to unlock the full potential of their operational data.”
Lumi AI will use the funding to expand its engineering and customer support teams, speed up feature development, and assist a growing list of global customers with complex supply chain data.
Their clients include mid-sized consumer goods companies, third-party logistics businesses, and well-known brands like a top retailer, one of North America’s largest meal kit providers, a leading consulting firm, and the largest luxury retailer in the MENA region.
Rob Leclerc, Managing Partner at AgFunder said, “Lumi AI is transforming the way businesses operate by making analytics accessible to everyone, I haven’t seen that before – such incredible pull in demand across retail, grocery, manufacturing – any industry with complex supply chains. We’re excited to support their journey.”
About Lumi AI
Lumi’s platform makes it simple for data teams to set up conversational self-service analytics. This lets non-technical users get specific insights without needing skills in SQL or Python, and without relying on complex dashboards, allowing data teams to focus on more important tasks.
