Munich-based AI company Luminovo has raised over €2 million in a pre-seed financing round with support from venture capital firms including Cherry Ventures and La Famiglia. The startup aims to redefine how electronic circuit boards are brought from an idea to market.
The team is also joined by Hanno Renner (CEO and co-founder of Personio) as a business angel and Sebastian Schuon (founder of Alasco and Stylight), who has supported Luminovo since its early days. The funds will primarily go towards product development and hiring.