Agtech Startup, Lumo Raises $2.1M To Tackle The Global Water Insecurity Crisis
07/20/22, 12:02 PM
Location
santa rosa
Money raised
$2.1 million
Industry
software
Round Type
seed
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 Info
Location
santa rosa, california, united states
Additional Info
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.