All Updates

All Updates

icon
Filter
Funding
Illumex raises USD 13 million in seed funding for product and AI enhancement
Data Infrastructure & Analytics
Jun 27, 2024
Last week:
Product updates
Eve Air Mobility unveils unmanned eVTOL prototype
Passenger eVTOL Aircraft
Yesterday
Product updates
Lilium advances POWER-ON, providing solutions with leading digital innovators
Passenger eVTOL Aircraft
Yesterday
Industry news
New South Korean space agency provides rundown of plans
Space Travel and Exploration Tech
Jul 20, 2024
Regulation/policy
Airwallex secures license to expand retail investment offerings in Australia
FinTech Infrastructure
Jul 19, 2024
Partnerships
EHang collaborates with KC Smart Mobility to expand EH216-S sales and operations in China
Passenger eVTOL Aircraft
Jul 19, 2024
Industry news
China launches Gaofen-11 high-resolution intelligence satellite
Satellite Management
Jul 19, 2024
Industry news
France funds miniature satellite capture and inspection mission
Satellite Management
Jul 19, 2024
Partnerships
Funding
MyFloraDNA launches crowdfunding campaign to address peanut allergies using CRISPR technology
Crop Biotech
Jul 19, 2024
Partnerships
Ecobloom Technologies partners with Harvest Today to enhance global farming practices
Smart Farming
Jul 19, 2024
Funding
Hyzon Motors announces registered direct offering to raise USD 4.5 million
Truck Industry Tech
Jul 19, 2024
Data Infrastructure & Analytics

Data Infrastructure & Analytics

Jun 27, 2024

Illumex raises USD 13 million in seed funding for product and AI enhancement

Funding

  • Israeli startup Illumex, which provides a GenAI platform for structured enterprise data, raised USD 13 million in a seed funding round led by Cardumen Capital, Samsung Ventures, and Amdocs Ventures, with participation from ICI Fund, Iron Nation Fund,  ICON Fund, Jibe Ventures, Ginossar Ventures, Today Ventures, and other angel investors.

  • The company plans to use the funds to advance its "Generative Semantic Fabric" platform that aims to make structured data easier for LLMs to utilize by automating the addition of a semantic layer, unifying data silos, and adding context to facilitate more reliable and relevant AI interactions.

  • Founded in 2021, Illumex combines GenAI, graph databases, and relational databases to create a unified semantic knowledge graph that serves as a single source of truth, aligning all data with consistent business terminology and context. The startup has onboarded several large enterprise customers, including Carson and Teva, and partnered with tech giants like Microsoft, AWS, and Google Cloud.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.