Lumachain

Assembly Line

Lumachain Raises US$19.5M in Series A Funding Led by Bessemer Venture Partners

Date:

Topics: Funding Event

Organizations: Lumachain, Bessemer Venture Partners

Lumachain, an end-to-end solution for food supply chains, today announced it has raised US$19.5 million in Series A funding, led by Bessemer Venture Partners with participation from existing investor Main Sequence. The company has also announced its first U.S. headquarters in Denver.

This investment will allow the company to accelerate the roll out of its world-first computer vision-based artificial intelligence platform at meat and food processing plants across the U.S. and globally. In addition, Lumachain will significantly scale up its team of computer vision and software engineers, and delivery and product experts from the meat industry.

Read more at Globe Newswire