# Lumenuity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumenuity

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.lumenuityinc.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Oct 21, 2024)
- Investors on record: 1

## About

Based in the US, Lumenuity, Inc. specializes in advanced optical technologies, enhancing imaging capabilities for mobile devices, drones, and augmented reality applications through innovative product offerings.Lumenuity, Inc. was founded in 2020 in Los Angeles, US, focusing on developing advanced imaging technologies. The company has engaged in 1 deal with its most recent funding round occurring on October 21, 2024, which was a Seed round raising USD 1.2 mn from Vest Coast Capital. Edo Waks is the founder of the company, which aims to enhance the functionalities of imaging solutions in various applications.Lumenuity, Inc. specializes in advanced optical technologies designed to enhance imaging capabilities in mobile devices, drones, and augmented reality (AR) applications. The company’s core product offerings include the Light Unfolding™ technology, which allows multiple camera functionalities to be integrated into a single module without compromising performance. This technology is aimed at improving optical zoom capabilities—potentially doubling the resolution of zoom cameras while maintaining compact sizes ideal for next-generation smartphones. The company also develops thinner camera modules and chip-as-optics solutions, which provide significant advantages in terms of weight, efficiency, and design in AR headsets. Lumenuity’s products cater primarily to major phone manufacturers and AR device makers, targeting markets in North America, Europe, and Asia where the demand for innovative camera solutions and augmented reality applications is rapidly growing.Lumenuity operates primarily on a business-to-business (B2B) model, establishing partnerships with smartphone manufacturers and augmented reality companies to implement its technologies. Revenue generation occurs through licensing agreements and collaboration contracts, where clients utilize Lumenuity’s patented technologies within their products. The structure may involve upfront licensing fees, ongoing royalties based on sales, and potential revenue-sharing models depending on the partnership terms. Flagship offerings, such as the Light Unfolding™ technology and the 2-in-1 camera modules, serve as key revenue drivers, providing significant competitive advantages for clients in the smartphone and AR markets. Specific details regarding pricing plans and contractual terms are structured to meet the individual needs and scales of partnering companies, ensuring effective integration of Lumenuity’s innovations into their product lines.In October 2024, Lumenuity, Inc. raised USD 1.2 mn in Seed funding from Vest Coast Capital, aimed at supporting the optimization of its technology. The funding will facilitate the development of new products that enhance imaging capabilities and support expansion into new markets, particularly in North America, Europe, and Asia, in line with the growing demand for augmented reality applications and advanced imaging solutions.

## Funding rounds

- Seed, Oct 21, 2024, $1.2M — Vest Coast Capital

## Investors

- Vest Coast Capital (https://capitalatlas.ai/funds/vest-coast-capital) — Seed