Lumiq, a Data and Analytics company, raised USD 5.5m in Series A funding.
The round was led by Info Edge Ventures with participation from Season Two Ventures and RedStart Labs.
The company intends to use the funds to further develop its presence in international markets – US and SEA, and strengthen their FSI-focused product line.
Led by CEO Shoaib Mohammad, Lumiq is a Data and Analytics company with proven credentials in the Indian FSI space driving large-scale data transformation initiatives for some of the largest financial enterprises across banking, insurance, NBFCs, AMCs in India. The company has developed data stack products and AI ML solutions – across DataOps, E2E Observability, ML Risk Governance, Self-service analytics – for the FSI space. Its flagship product – empOWER FSI Data Platform – enables financial enterprises to manage, leverage, and monetize their data seamlessly.
The company has raised a total of $7.5m to date including a $2m seed round led by Info Edge Ventures in August last year. Since 2020, Lumiq has grown 2X YoY recently doubling in headcount to ~350 data professionals, with new offices in Noida, Chennai, Pune, and New Jersey.
FinSMEs
31/10/2022