illumex, a NYC-based provider of a generative semantic fabric platform for structured enterprise data, raised $13M in funding.
The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and angel investor.
The company intends to use the funds to expand operations and its development efforts.
Founded by Inna Tokarev Sela, illumex provides organizations with a generative semantic fabric platform, which automates the process of mapping data semantics and resolving terminological inconsistencies across business silos – a critical step for achieving AI and GenAI readiness. The platform acts as an intermediate layer that reconciles data silos and automatically adds context and meaning to data, enabling transparent AI initiatives. By enabling transparent and governed data interactions with LLMs, it opens up transformative enterprise use cases for generative AI.
The company already has large enterprises, like Teva and Carson, using the platform for their data AI readiness and has signed partnerships with Microsoft, Google Cloud, and AWS.
illumex is an alumni of the Intel Ignite and ICON programs.
FinSMEs
27/06/2024