Lumana: Video Security Platform Company Raises $24 Million

By Amit Chowdhry ● Apr 9, 2024

Lumana has emerged from stealth with a next-generation video security platform that utilizes AI and distributed hybrid cloud architecture. With $24 million in seed funding from Norwest and S Capital and a talented leadership team experienced in computer vision and machine learning, Lumana transforms any security camera into an AI-powered device that can identify complex events and potential risks as they occur.

The company’s platform enables organizations to unlock the full potential of their visual data, enhance security and safety measures, boost operational efficiency, and streamline incident response. And with the ability to analyze millions of hours of video in real-time across disparate locations, Lumana optimizes proprietary AI models based on captured video to deliver meaningful insights and greater visibility of any environment.

Lumana’s platform was also built with a distributed hybrid cloud architecture. And this approach dynamically integrates cloud and on-premise resources for running computation where needed most, offering highly efficient AI processing / more accurate event detection capabilities. And self-learning AI models are deployed throughout the platform, enabling Lumana to continuously get smarter, more accurate and more predictive based on the environment. Lumana’s enterprise-grade AI enables organizations to analyze vast amounts of video instantly, accelerate response to specific activity, and use advanced video search functionality to locate footage quickly.

Lumana is ideal for applications across diverse sectors, including education, government, manufacturing, retail and hospitality. And the Lumana 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. Through Lumana, customers receive alerts and relevant insights in less than a second, improving data analysis and incident response time by over 15 times compared to other video security systems.

KEY QUOTES:

“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. Lumana democratizes visual intelligence, ensuring that organizations of any size — from school districts and cities to commercial businesses and even Fortune 500 companies — can access the latest and greatest AI technology to improve situational awareness and extract impactful insights. Our platform empowers every user with the ability to accurately analyze massive amounts of footage and concentrate on events that truly matter.”

– Sagi Ben Moshe, founder and CEO of Lumana, who previously served as chief incubation officer and GM of the Emerging Growth and Incubation Group at Intel following the acquisition of his 3D Imaging company in 2012

“Lumana’s AI technology has the potential to fundamentally change the video surveillance market, which is poised to more than triple in the next decade. Enterprises will shift from many meaningless security cameras and video feeds to highly accurate, easy-to-investigate, real-time incident alerts. This will enable enterprises to proactively protect their environments, as well as extract meaning and data from their video to drive smarter business decisions. With strong backgrounds in computer vision and machine learning, it’s no surprise to us that Sagi and his team have created a visual intelligence platform that goes beyond even the most sophisticated video security systems on the market today.”

– Norwest General Partner Dror Nahumi

 

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