Lumnion: Funding, Investors & Team (Sep 2026)
Lumnion develops a state-of-the-art AI-driven pricing platform for P&C and Health Insurance With the use of Artificial Intelligence and Machine Learning, Lumnion provides a unique Lumnion offers a unique end to end platform that can connect to any core system, automating data preparation with more precise risk pricing, impact analysis, and dynamic pricing. Lumnion’s open platform allows the use of all widely accepted Machine Learning Algorithms, including XG Boost, Random Forest, Decision Tree, as well as GLM and GAM for risk modeling. Moreover, Lumnion has also developed its own methodology to make any black box machine learning algorithms transparent to become operationally usable. The results of any of the ML algorithms are opened up, showing variables to be used, their significance, and interactions with multiple dimensions. The ML based advisory module helps relieve actuaries from operational work and improves model results dramatically providing advice on the portfolio on a real time basis.With its integrated Pricing Engine, Lumnion can push any commercial price decision into the market instantly, allowing for faster time to market given today’s rapidly changing market conditions.
Lumnion has raised $5.7M across 2 funding rounds on record, the most recent a Seed of $1.2M announced in Feb 2024.
That round is below the $5.5M median round size for Artificial Intelligence companies tracked on FundedIQ over the last two years.
Lumnion Company Profile and Key Stats
Latest funding round on record: Feb 2024.
Lumnion Funding Rounds
Lumnion raised $4.5M in a Seed announced in Apr 2021.
2.8 years later, a Seed of $1.2M was announced in Feb 2024.
Lumnion Founders and Leadership Team
Contact details for the Lumnion team: 1 of 2 have an email address on file.
Start 14-day free trial →Lumnion Funding Compared to Other Artificial Intelligence Startups
Lumnion's latest round of $1.2M is below the median round in Artificial Intelligence. Medians cover the last 24 months of disclosed rounds.
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Lumnion Funding FAQs
What does Lumnion do?
Lumnion develops a state-of-the-art AI-driven pricing platform for P&C and Health Insurance With the use of Artificial Intelligence and Machine Learning, Lumnion provides a unique Lumnion offers a unique end to end platform that can connect to any core system, automating data preparation with more precise risk pricing, impact analysis, and dynamic pricing. Lumnion’s open platform allows the use of all widely accepted Machine Learning Algorithms, including XG Boost, Random Forest, Decision Tree, as well as GLM and GAM for risk modeling. Moreover, Lumnion has also developed its own methodology to make any black box machine learning algorithms transparent to become operationally usable. The results of any of the ML algorithms are opened up, showing variables to be used, their significance, and interactions with multiple dimensions. The ML based advisory module helps relieve actuaries from operational work and improves model results dramatically providing advice on the portfolio on a real time basis.With its integrated Pricing Engine, Lumnion can push any commercial price decision into the market instantly, allowing for faster time to market given today’s rapidly changing market conditions.
How much funding has Lumnion raised?
Lumnion has raised $5.7M across 2 rounds on record. The most recent is a Seed of $1.2M announced in Feb 2024.
When did Lumnion last raise funding?
Lumnion's most recent funding round on record is a Seed of $1.2M, announced in Feb 2024.
Who founded Lumnion?
FundedIQ lists Aren Haddeler (Founder) at Lumnion.
Who is the CEO of Lumnion?
Cenk Tabakoglu is listed as CEO at Lumnion.
Where is Lumnion headquartered?
Lumnion is based in München, Bayern, Germany.
How many employees does Lumnion have?
Lumnion is in the 11-50 employee band.
How does Lumnion's funding compare to other Artificial Intelligence startups?
Lumnion's latest round of $1.2M is below the $5.5M median round size for Artificial Intelligence companies on FundedIQ across 7,233 tracked companies over the last two years.
About FundedIQ's Lumnion Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Lumnion is left off this page rather than filled in.
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