Luminovo – an AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures.
Launched in 2020 and led by Munich-based Stanford alumni Sebastian Schaal and Timon Ruban, Luminovo is the world’s first end-to-end cloud-based software suite built to help fuel technological progress through the improvement of hardware development on a global scale.
Luminovo’s unified data model and modular software suite streamlines, accelerates and democratises the electronics development process which in turn helps reduce time to market, increase revenue, productivity and profitability, and fuels technological progress.
Luminovo will use this funding to accelerate product development and broaden its scope to encompass more of the value chain as well as grow its product engineering and revenue teams.
