# Digital Lumens Incorporated

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-lumens

- Industry: Software
- Headquarters: Boston, US
- Website: www.digitallumens.com
- Total disclosed funding: $54M
- Latest round: Series C (Oct 30, 2014)
- Investors on record: 6

## About

Digital Lumens Incorporated is a technology firm that specializes in energy-efficient lighting management solutions, utilizing advanced software for real-time data analytics to optimize resource consumption across various sectors.Founded in 2008 and headquartered in Boston, US, Digital Lumens develops intelligent lighting systems designed to enhance energy efficiency. The company was acquired by Skyview Capital from OSRAM GmbH in September 2021, aiming to foster innovation and expand its service offerings. Colin Piepgras, the founder, has a history in technology development focused on energy solutions.Digital Lumens operates as a division of SiteWorx Software, offering advanced lighting management and resource monitoring solutions through its SiteWorx™ platform. This software integrates with various hardware components, providing real-time data analytics to optimize energy consumption for large commercial buildings, industrial facilities, and educational institutions. SiteWorx's products are available in North America, Europe, and Asia, addressing energy wastage and operational inefficiencies while expanding into emerging markets.The revenue model of SiteWorx Software is primarily based on subscription services and direct sales of its software and hardware solutions, fostering long-term partnerships with clients. The customized pricing plans are tailored to the deployment scale and customer needs, enhancing appeal across various sectors and ensuring consistent revenue streams through ongoing support and product upgrades.Following the acquisition by Skyview Capital on September 24, 2021, Digital Lumens is set to utilize the support from this deal to accelerate growth and innovation. The company plans to expand its geographic footprint and enhance its service offerings. Specific strategies include the design and launch of new products catering to a broader market by leveraging recent advancements and market trends.

## Funding rounds

- Series C, Oct 30, 2014, $23M — Stata Venture Partners, NGP Capital, Flybridge Capital Partners, Aster Capital, Black Coral Capital, Goldman Sachs Asset Management
- Series B, Dec 27, 2012, $10M — Stata Venture Partners, Flybridge Capital Partners, Black Coral Capital
- Series B, Mar 21, 2011, $10M — Stata Venture Partners, Flybridge Capital Partners, Black Coral Capital
- Series A, Dec 16, 2009, $5M — Stata Venture Partners, Flybridge Capital Partners, Black Coral Capital
- Series A, May 8, 2009, $6.3M — Stata Venture Partners, Flybridge Capital Partners

## Investors

- Stata Venture Partners (https://capitalatlas.ai/funds/stata-venture-partners) — Series A, Series B, Series C
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A, Series B, Series C
- Black Coral Capital (https://capitalatlas.ai/funds/black-coral-capital) — Series A, Series B, Series C
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C