Illumex, a Tel Aviv, Israel-based generative semantic fabric platform designed to optimize structured enterprise data for generative AI (GenAI) applications, has secured $13 million in seed funding.
Investors
The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with additional support from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginnosar Ventures, ICON Fund, Today Ventures, and notable angel investors.
Cardumen Capital is an early-stage venture capital firm that invests in visionary founders transforming the world through technology. Cardumen Capital supports world-class entrepreneurs to reach their potential by proactively providing services, connections, and capital.
Founded in 2018, Amdocs Ventures is a corporate venture arm of Amdocs headquartered in Tel Aviv, Israel. The firm seeks to invest in the technology sector.
Samsung Venture Investment is a corporate venture capital arm of Samsung Electronics based in Seoul, South Korea. Founded in 1999, the firm invests in startup companies focused on semiconductors, IT, software, internet services, biotechnology, and more.
About Illumex
Founded by Inna Tokarev Sela, Illumex provides a generative semantic fabric platform that optimizes structured enterprise data for generative AI (GenAI) applications. It automates the creation of a semantic layer, unifying data silos, incorporating business context, and generating a consistent domain-specific vocabulary. The platform creates a unified semantic knowledge graph from metadata, serving as a single source of truth for data interactions, crucial for data governance and effective AI applications. Large enterprises like Teva and Carson use Illumex, and it has partnerships with Microsoft, Google Cloud, and AWS.
Funding Details
Company: Illumex Technologies Inc.
Raised: $13.0M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Cardumen Capital, Amdocs Ventures, Samsung Ventures
Additional Investors: ICI Fund, Jibe Ventures, Iron Nation Fund, Ginnosar Ventures, ICON Fund, Today Ventures, Angel investors
Company Website: https://illumex.ai/
Software Category: Generative Semantic Fabric Platform
Source: Ronny Hassid