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Agtech Startup, Lumo Raises $2.1M To Tackle The Global Water Insecurity Crisis

Jul 20, 2022•almost 3 years ago

Amount Raised

$2.1 Million

Round Type

seed

Santa RosaSoftware

Description

Lumo [lumo.ag], a new Agtech company focused on water sustainability, announced today that it has raised $2.1 million in pre-seed funding and plans to allocate funds toward commercialization of its irrigation technology. The system offers a first of its kind wireless, cloud-managed water valve network that will enable growers to optimize water usage to improve crop quality and reduce overhead costs. Presently a number of Lumo's irrigation systems are being tested in vineyards and orchards in Sonoma County, California.

Company Information

Company

Lumo

Location

Santa Rosa, California, United States

About

Lumo is a smart irrigation system that helps growers save water, improve crop quality and reduce costs. Smart valves with built in flow meters provide automation, control and advanced reporting that closes the loop between planned and actual water consumption - no complicated scheduling, logging or manual configuration is required. Since Lumo is cloud-managed, it can be controlled and monitored from anywhere, reducing the number of required site visits and time spent on-site, thereby reducing labor costs. Finally, growers can easily irrigate with precision, so they can achieve profitability with every drop.

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