Digital Lumens cracks $23 M funding led by Nokia Growth

Digital Lumens, provider of intelligent LED lighting, has secured $23 million funding from Nokia Growth Partners, Aster Capital, and Goldman Sachs, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures, reports PCC.

According to the company, funds will be used to balance operations, expand product development, and increase sales and marketing as the company is strengthening its global footprint vastly.

Digital Lumens’ Intelligent LED Lighting System leverages the Internet of Things to bring building and energy intelligence to global enterprises.

The lighting solutions offer energy savings of up to 90 percent, bringing the real value of the Internet of Things (IoT) to business operations.

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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. This platform gives customers the most direct access to enterprise-scale building and energy intelligence through the lens of their lighting network, commented, Tom Pincince, president, CEO, Digital Lumens.

With deep roots in traditional industrial infrastructure and strong commitments to the IoT, the investors see Digital Lumens as the embodiment of the connected enterprise, and are excellent partners for continued technology and market expansion, added Pincince.

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, explained, Upal Basu, partner, Nokia Growth Partners.

 

Sabeena Wahid

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