Lumino Raises $2.8 Million in Pre-Seed Funding

Lumino Raises $2.8 Million in Pre-Seed Funding

Lumino, a San Francisco, CA-based AI infrastructure startup, has raised $2.8 million in pre-seed funding round.

The investors participating in this round include Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Founded in July 2023 by Eshan Chordia and Yogesh Darji, Lumino is building an integrated hardware and software compute protocol for AI workloads. It offers a decentralized computing platform that allows users to train AI models, with a particular emphasis on reducing machine learning training costs. The protocol uses economic incentives to bring compute resources together, blockchain to ensure models are being trained correctly, and an SDK for developers to get started instantly. Customers can start training their AI models in minutes with the Lumino SDK.

Funding Details

Company: Lumino Labs, Inc.

Raised: $2.8M

Round: Pre-Seed Round

Funding Month: March 2024

Investors: Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, Escape Velocity

Company Website: https://www.luminolabs.ai/

Software Category: Compute Platform