Digital Lumens, the leader in intelligent LED lighting, has announced $23 million in funding from new investors Nokia Growth Partners, Aster Capital, and Goldman Sachs, and current investors, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures. According to the company, the funds will be used to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint.
Digital Lumens' Intelligent LED Lighting System leverages the Internet of Things to bring building and energy intelligence to enterprises worldwide promising energy savings of up to 90%, bringing the concrete value of the Internet of Things (IoT) to business operations. The company plans to cover more than 100 million square feet of space across 35 countries.
Tom Pincince, President and CEO of Digital Lumens
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.
Upal Basu, Partner at Nokia Growth Partners
Digital Lumens enables the connected enterprise by bringing physical objects to life through intelligence and connectivity. 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.
