Lumian Energy of Things Platform is an IoT-based, hardware-agnostic solution that collects and visualizes real-time energy consumption data while employing machine learning for analysis and optimization. The platform enables businesses to reduce energy costs and carbon emissions by integrating with existing systems and providing actionable insights without requiring additional hardware investment.
Funding
$3.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DVFounders
Product
Problem
Many businesses lack comprehensive, real-time visibility into their energy consumption patterns, hindering their ability to identify inefficiencies and reduce costs. Traditional energy management often requires significant upfront investment in new hardware and complex system integrations. Furthermore, understanding and optimizing energy tariffs and staying updated with regulatory changes can be challenging and time-consuming.
Solution
Lumian's Energy of Things (EoT) platform provides a hardware-agnostic, IoT-based solution for real-time energy monitoring, analysis, and optimization. The platform integrates with existing infrastructure to collect and visualize energy consumption data at both overall and device levels. Machine learning algorithms analyze this data to identify root causes of inefficiencies, forecast consumption, and suggest optimal energy tariffs. Lumian also delivers real-time notifications to prevent unexpected energy spikes and provides actionable insights, including regulatory updates and energy efficiency recommendations, enabling businesses to reduce energy costs and carbon emissions without additional hardware investments.
Target Audience
Lumian's primary customers are businesses across various industries looking to reduce energy costs, improve energy efficiency, and decrease their carbon footprint through data-driven insights and optimization.
Features
- Real-time monitoring of overall and device-level energy consumption
- AI-powered analytics for identifying energy waste and optimizing usage
- Automated bill management for verifying invoices, forecasting costs, and identifying optimal tariffs
- Customizable alarms and reports for proactive management of energy consumption
- Energy insights, including regulatory updates and efficiency recommendations
- Integration with existing systems without requiring new hardware
- User-friendly dashboard for visualizing energy data and trends