Lumnion
Latest round
- Seed
Last raised
- Mar 2024
Total raised
- $1M
Investors
- 3
About Lumnion
Founded in 2019 by Aren Haddeler and others and based in München, Germany, Lumnion GmbH operates as a software platform that engages in developing an insurance pricing system using artificial intelligence. Some of the company’s customers include AKSigorta, Allianz, Cigna, Fibasigorta, HDI, Mailo, and others. The company’s offerings include its end-to-end platform, designed to streamline the entire pricing process, ensures accurate risk pricing, analysis, and rate engine operations through automation of data preparation using advanced machine learning techniques. The firm’s platform supports a wide range of machine learning algorithms including XGBoost, Random Forest, Decision Tree, GLM, and GAM, providing flexibility in risk modeling. Lumnion key feature is that clients can convert ML algorithm outcomes into base prices and coefficients, fostering trust and understanding in the pricing process. In addition, the company offers integration with core systems through APIs and cloud-enabled capabilities, ensuring implementation and operation. Furthermore, the firm offers a range of modules tailored to specific pricing needs, from automated data preparation to commercial price management scenario analysis.
Who invested in Lumnion
3 investors across 1 round
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Funding rounds
Seed
Mar 8, 2024
Amount
$1M
Investors
Questions about Lumnion
Who invested in Lumnion?
Lumnion has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lumnion raised?
Lumnion has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Lumnion last raise money?
Lumnion's most recent round on record is a Seed, in Mar 2024.
What does Lumnion do?
Founded in 2019 by Aren Haddeler and others and based in München, Germany, Lumnion GmbH operates as a software platform that engages in developing an insurance pricing system using artificial intelligence.
Where is Lumnion headquartered?
Lumnion is headquartered in Munchen, Germany.
Which VCs invest in companies like Lumnion?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Lumnion's stage. Their profiles are linked below.
VCs backing software startups at Seed
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