Intelligent LED lighting leader Digital Lumens has announced that it has secured $23 million in funding its investors to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint.
The new investors are Nokia Growth Partners, Aster Capital, and Goldman Sachs, while the current investors are Flybridge Capital Partners, Black Coral Capital, and Stata Ventures, the company revealed in a press release.
“From consumer to industrial markets, the connected world presents new opportunities for efficiency, insight, comfort, safety, and operational intelligence – all delivered via next-generation lighting systems. Our platform gives customers the most direct access to enterprise-scale building and energy intelligence – through the lens of their lighting network. With deep roots in traditional industrial infrastructure and strong commitments to the IoT, our investors see Digital Lumens as the embodiment of the connected enterprise, and are excellent partners for our continued technology and market expansion,” said Tom Pincince, President and CEO of Digital Lumens.
“Digital Lumens enables the connected enterprise by bringing physical objects to life through intelligence and connectivity,” said Upal Basu, Partner at Nokia Growth Partners.
Digital Lumens develops an enterprise-scale intelligent LED lighting solution that delivers operational visibility and dramatic energy efficiency to large commercial and industrial customers from all over the world.
The system guarantees up to 90% energy savings and leverages the Internet of Things (IoT) to bring building and energy intelligence to enterprises worldwide.
With the funding, the company will be able to accelerate the deployment of IoT among its growing global customer base.
“The company’s focus on sensor and wireless technology and NGP’s expertise across these sectors create strong synergies for both companies. We are delighted to support them as they bring intelligence and connectivity to the rapidly growing enterprise customer base. With its innovative technology and strong team, Digital Lumens has created a market-leading position in the commercial and industrial sectors,” said Julien Creuzé, Principal of Aster Capital, a VC firm sponsored by Alstom, Solvay, Schneider Electric and the European Investment Fund.
“Their Intelligent Lighting solution simultaneously saves customers significant amounts of energy and unlocks valuable operational data. It is transforming the lighting and building intelligence markets.”
