Lumachain Raises Us$19.5M In Series A Funding Led By Bessemer Venture Partners

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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. Over the next 12 months, the company expects to increase its U.S. team to approximately 30 personnel, as part of a global team of more than 100. The Lumachain technology platform transforms how meat and food processing plants operate to improve food safety and employee safety, as well as increasing yields and quality. The Lumachain platform offers customers five core modules: safety, yield, quality, efficiency, and traceability. Lumachain also enables ranchers and other producers to be rewarded for producing high quality meat and embracing sustainable practices. Lumachain currently has contracts with customers across the U.S., Australia, Europe and Asia. Lumachain is a key part of our efforts, and helps support some of the biggest challenges at our production facilities by using computer vision and artificial intelligence to drive efficiencies, create a safer work environment, improve the consistency and quality of our products and enable a more sustainable environment,” said Hans Kabat, president for Cargill’s North American protein business.