VC Fund Investments
Data analytics firm Lumiq raises $5.5 M in Series A led by Info Edge
Noida-based data analytics company Lumiq has raised INR 44.1 crore (USD 5.5 million) in a Series A round. Existing investor Info Edge led the round with INR 23.41 crore while Season Two Venture and RedStart Labs pumped in INR 19.51 crore and INR 1.2 crore respectively. Lumiq's flagship product ‘emPower' enables financial enterprises in the banking and insurance sectors to activate and monetize their data. The company claims to have developed over 70 ready-to-deploy AI/ML data models and is live on over 20 cloud data platforms. It also claims to have analyzed over a billion customer interactions. The company has raised a total of USD 7.5 million to date including a USD 2 million seed round led by Info Edge in August last year. Redstart Labs and angel investor Parampreet Bhasin also participated in the seed round.
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