- Lumi AI raised $3.7 million in seed funding, led by AgFunder, with participation from other key investors.
- The platform enables retail businesses to analyze supply chain data using AI-powered conversational analytics.
- Lumi AI plans to expand its team, enhance features, and cater to a growing global client base.
UAE-based artificial intelligence startup Lumi AI has successfully raised $3.7 million in a seed funding round. The investment was led by AgFunder, with participation from Forum Ventures, Abu Dhabi sovereign wealth fund ADQ, Qora71 syndicate, and other angel investors.
Transforming Retail Supply Chains with AI
Founded in April 2023 by Ibrahim Ashqar and Tudor Boiangiu, Lumi AI aims to revolutionize the retail industry by integrating generative AI into supply chain management. The company’s platform enables businesses to digitize their supply chains, generate custom reports, and run statistical models using plain language commands.
By addressing inefficiencies in business intelligence tools, Lumi AI offers a conversational analytics solution that allows businesses to access valuable insights in real time. Unlike traditional systems that require days to process analytics, Lumi AI’s platform enables instant data analysis without the need for coding expertise.
Expansion and Future Plans
With this latest investment, Lumi AI plans to expand its engineering and customer success teams. The company will focus on accelerating feature development and enhancing its analytics capabilities to support a growing global client base. Current customers include mid-sized consumer packaged goods (CPG) companies, third-party logistics (3PL) firms, and large enterprises such as an F10 retailer, one of North America’s largest meal kit providers, a top-four consulting firm, and the biggest luxury retailer in the MENA region.
Investor Confidence in Lumi AI’s Vision
Investors see Lumi AI as a game-changer in data analytics. Rob Leclerc, Managing Partner at AgFunder, highlighted the platform’s ability to make analytics accessible across industries such as retail, grocery, and manufacturing. He emphasized the strong demand for Lumi AI’s solution, reinforcing investor confidence in the company’s future growth.
CEO and co-founder Ibrahim Ashqar expressed excitement about the funding, stating, “We founded Lumi AI to break down the barriers between businesses and their data. With this funding, we’re accelerating our mission to democratize access to intelligence and transform decision-making at scale.”
Lumi AI’s proprietary analytics engine and enterprise-grade controls set it apart from traditional text-to-SQL solutions. The platform introduces a new category of multi-agent applications that streamline routine data tasks, providing deeper intelligence and enhancing operational efficiency.
As the demand for AI-driven data analytics grows, Lumi AI is well-positioned to become a leader in the field, helping businesses unlock the full potential of their data.
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