Lumaril, which develops AI software for optimizing industrial production by connecting to existing control systems, raised a $66M Series A at a $400M valuation (Sarah Klearman/Wall Street Journal)
Lumaril is emerging from stealth with a pitch to increase factory output and reduce waste.
The company announced its launch alongside a $66 million Series A, at a $400 million valuation reported by The Wall Street Journal. Its AI software connects to existing industrial control systems to optimize production. Lumaril says it aims to help America’s existing factories run at their full capacity.
Techmeme's note
The company announced its launch alongside a $66 million Series A, at a $400 million valuation reported by The Wall Street Journal. Its AI software connects to existing industrial control systems to optimize production. Lumaril says it aims to help America’s existing factories run at their full capacity.
Techmeme's note
score 7