Lumi AI

Active

AI-powered business intelligence platform for retail and supply chain

Dubai, UAEHQ moved to Toronto, CanadaFounded 2023

SaaSAI & Machine Learning

Seed

Website

Reimagines business intelligence for organizations with physical supply chains.

Founders

Ibrahim Ashqar

Tudor Boiangiu

Funding Rounds

SeedMar 2025

$3.7M

Lead: AgFunder

Investors: AgFunder, Forum Ventures, ADQ, Qora71, angel investors (unnamed)

Founders Ibrahim Ashqar (CEO) and Tudor Boiangiu (CTO); founded April 2023. Qora71 is the Hub71-linked angel syndicate. Also: https://www.wamda.com/2025/03/lumi-ai-secures-3-7-million-seed-round https://finance.yahoo.com/news/lumi-ai-secures-3-7m-153000757.html https://www.finsmes.com/2025/03/lumi-ai-raises-3-7m-in-seed-funding.html https://agfundernews.com/lumi-ai-nets-3-7m-to-counter-dashboard-anarchy-and-unlock-supply-chain-insights-with-natural-language-prompts https://www.axios.com/pro/retail-deals/2025/03/25/data-analytics-startup-lumi-ai-raises-seed-funding Confidence: confirmed (round 13, Lumi AI).

Pre-SeedAug 2023

Investors: Forum Ventures, Annex Investments, strategic angels (unnamed)

Company calls this its 'first round of funding'; amount undisclosed. Typed pre_seed because the company's later $3.7M round is explicitly labelled seed. Forum Ventures is New York-based, Annex Investments is UAE-based. Confidence: confirmed (round 13, Lumi AI).

Something here wrong?

Every figure on this page is meant to have a source behind it. If one doesn't match reality, tell us and we'll fix it.