Lumana, a Los Gatos, CA-based provider of a video security platform, raised $24M in Seed funding.
Backers included Norwest and S Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Sagi Ben Moshe, Lumana provides organizations with a video security platform that leverages artificial intelligence (AI) and distributed hybrid cloud architecture to understand and exploit the value of their visual data. Its video security solution analyzes video in real time with near-human-like perception to provide visibility when critical events occur.
The platform is currently being used by customers to analyze over a million data points every second, including people, vehicles, faces, object attributes and activities, and identify trends. With Lumana, customers receive alerts and relevant insights in less than a second, improving data analysis and incident response time compared to other video security systems.
Commenting on the news, Sagi Ben Moshe said: “Visual AI enhances our ability to extract data and make smarter decisions. Historically, getting useful information from video has been time-consuming, cost-prohibitive and manual.”
Founded in 2021, Lumana is based in Los Gatos, Calif., with offices in Tel Aviv.
FinSMEs
06/04/2024