LuminX Raises $5.5M in Seed Funding

SaaSSupply Chain
Written By Rick Watson

LuminX AI is an AI-driven company that specializes in providing AI-powered inventory automation and visibility solutions for warehouses and the logistics industry.

Inventory automation and visibility for warehouses startup, LuminX, has raised $5.5 million in seed funding, which will be invested in product development, hiring, and go-to-market efforts. LuminX uses AI-powered camera systems that can be placed on warehouse infrastructure or be used as a handheld for real-time insights and automation.

DC Velocity: Startup LuminX raises $5.5 million for AI that can “see” the DC

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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