LuminX, an AI-based company advancing inventory automation and visibility, announced the closing of its $5.5 million seed funding round. The seed funding round was supported by a multitude of investors, including 1Sharpe, GTMFund, 9Yards, Chingona Ventures, and the Bond Fund. Plus, significant participation in the funding round also came from previous investors in Voxel and customers.
LuminX addresses critical inefficiencies in supply chain and warehouse management, which lead to significant operational costs and errors. And the company is at the forefront of solving these issues by developing and deploying its Vision Language Models (VLMs) directly onto low-cost mobile hardware within the warehouse – an approach that makes advanced AI accessible and practical for a broader range of operations.
LuminX systems integrate sophisticated visual understanding with powerful GenAI capabilities, enabling their cameras to see and interpret complex and dynamic warehouse environments in real-time. This allows them to recognize products, various labels, assess package conditions, and track movement. These devices can be deployed anywhere in the warehouse, such as on docks, conveyors, forklifts, or as handheld units. LuminX’s system processes this visual information to automate intricate operational tasks, eliminate manual work, and provide actionable data for drastically reducing discrepancies and optimizing overall workflow.
LuminX is headed by founder and CEO Alex Kaveh Senemar, a seasoned entrepreneur with a proven track record of building and scaling successful AI companies across several industries. And he previously founded and led Voxel (voxelai.com), a pioneering AI company in warehouse safety and operations, and before that, founded Sherbit, which was successfully acquired by Huma (huma.com) in 2019. He is also joined by co-founder & CTO Reza (Mamrez) Javanmardi, Ph.D. in Computer Science and former Head of AI Research at Voxel, whose career spans impactful R&D in machine learning and computer vision across startups and research institutions.
The LuminX team has a wealth of knowledge and expertise in AI, particularly in Vision Language Models, computer vision, and robotics, with many members having ties to leading research institutions, including Carnegie Mellon University. The team’s established track record and vision have garnered strong support.
How the funding will be used: The newly acquired funds will be strategically invested in driving LuminX’s core research and development in Vision Language Models for logistics, optimizing them for edge deployment, expanding its specialized engineering talent, and scaling go-to-market activities. And this funding round will also advance the development and deployment of its solutions for the logistics and warehousing industry.
KEY QUOTES:
“This pivotal funding allows us to scale our next-generation AI models, transforming how warehouses operate. Our edge based vision language models represent a massive step forward, acting as an intelligent core for warehouse operations. They deliver new levels of automation and insight, helping to turn previously opaque processes into transparent highly efficient systems.”
Alex Kaveh Senemar
“LuminX’s technology is set to revolutionize our warehouse productivity and operations. It’s allowing us to automate critical tasks, significantly enhance quality, and reduce claims.” He added, “In my entire career, I have yet to encounter a product that so effectively improves efficiency while simultaneously boosting quality and reliability.”
Robert Bascom, COO of Vertical Cold Storage
“Edge-deployed vision-language models are breaking the two toughest bottlenecks in logistics—labor scarcity and data blindness. By turning a low-cost camera into a perceptive co-worker that sees, understands, and acts in real time, LuminX is unlocking a step-change in operational intelligence and efficiency for every pallet, conveyer, and forklift.”
Kat Collins of 1Sharpe Capital, a key investor
