# Lumo Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumo-analytics

- Industry: Industrial Machinery
- Headquarters: Helsinki, Finland
- Website: www.lumoanalytics.com
- Latest round: Seed (Feb 27, 2022)
- Investors on record: 1

## About

Based in Helsinki, Finland, and founded in 2021 by CEO Antti Kotanen and CTO Lasse Kangas, Lumo Analytics Ltd operates as a technology company that focuses on developing a rising laser-based scanning and analysis technology for the mineral exploration and mining business. In December 2025, GeologicAI, a portfolio company of Breakthrough Energy Ventures, Export Development Canada, BHP Ventures, Blue Earth Capital, and Rio Tinto Group acquired Lumo Analytics Ltd from Midinvest Management. 
The company provides analytical equipment and associated services for geoscientists and metallurgists to determine the elemental and mineral composition of rock samples. The technology allows geoscientists and metallurgists to explore ore in terms of mining and mineral processing. In addition, the firm offers online and near real-time analysis services for the mineral exploration and mining industry. Lumo Analytics Ltd generates revenue through sales of its LIBS-based drill-core scanning hardware, geological data analytics and mineralogical analysis services, and SaaS-driven geochemical insight solutions, supporting mining clients with real-time, high-resolution elemental and mineralogical data for exploration and operational optimization. In December 2025, GeologicAI, a portfolio company of Breakthrough Energy Ventures, Export Development Canada, BHP Ventures, Blue Earth Capital, and Rio Tinto Group acquired Lumo Analytics Ltd from Midinvest Management. The acquisition strengthens Lumo Analytics Ltd by expanding its LIBS technology into GeologicAI’s multi-sensor platform, enhancing product development, market reach, and customer value through integrated, real-time geological insights.

## Funding rounds

- Seed, Feb 27, 2022 — Midinvest Management

## Investors

- Midinvest Management (https://capitalatlas.ai/funds/midinvest-management) — Seed