Lumi AI, a rising innovator in the enterprise analytics space, has announced the successful close of a $3.7 million seed funding round. The investment was led by AgFunder, with additional backing from Forum Ventures, ADQ, Annex Investments, Qora71 syndicate, and a range of angel investors. The funding marks a major milestone in Lumi AI’s journey as it continues to reimagine how businesses extract insights from complex data.
The company, co-founded by Ibrahim Ashqar and Tudor Mihailescu, is tackling one of the persistent pain points in enterprise analytics: the inefficiency and complexity of traditional business intelligence (BI) tools. While BI platforms have long promised self-serve analytics, Lumi’s founders argue that the reality has consistently fallen short.
“More dashboards don’t lead to more insights,” Ashqar noted in a recent LinkedIn post. “The real issue isn’t a lack of centralised reporting—it’s a fundamental misunderstanding of what BI tools are meant to do. Dashboards aren’t a catch-all solution for decision-making.”
Lumi AI sets itself apart by enabling users—particularly within consumer packaged goods (CPG), third-party logistics (3PL), and Fortune 100 (F10) retail sectors—to query enterprise data using plain language. This natural language interface removes the need for coding or technical expertise, empowering teams across sales, inventory, and procurement functions to surface actionable insights in real time. The platform has already helped uncover millions in hidden value for its clients, underscoring the demand for a more intuitive, intelligent analytics solution.
With this latest injection of capital, Lumi AI plans to accelerate product development, enhance customer support, and roll out new features to better serve its growing user base. “Looking ahead, we have no plans of slowing down,” the team shared in a company announcement. “More features, better support—we’re just getting started.”
The enthusiasm from the investment community reflects growing interest in the next generation of analytics tools that prioritise usability, agility, and real business impact. AgFunder, known for backing transformative technology companies, led the round, with other B2B SaaS-focused investors signalling confidence in Lumi AI’s long-term potential.
In thanking their team, customers, and investors, Lumi AI acknowledged the collective effort behind their rapid growth. “We wouldn’t be here without you,” Ashqar said, praising the company’s relentless builders and the valuable feedback from early adopters that has shaped the product’s evolution.
As businesses continue to grapple with ever-growing volumes of data, Lumi AI’s approach—centred on simplicity, speed, and strategic insight—positions it as a powerful alternative to legacy BI platforms. The company’s mission to make enterprise analytics genuinely accessible appears well on track, supported by a strong foundation of funding and a clear vision for the future.
For more information, visit lumi-ai.com.
