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Luminovo in a nutshell

Hi! We are a software company founded in Munich and, by now, spread all over from Europe to Africa. As a driven and diverse team we want to make an impact and picked electronics as our objective. Our roots are deep in the AI solutions business, though. Find out about the major steps of our journey from AI consulting to SaaS below.
Timon Ruban
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Highlights of Our Journey
Founding Luminovo
December 2017

Having met at Stanford, Timon and Seba decide to return home and join forces to build an AI solutions company that should bring the Silicon Valley spirit to corporate Germany.

One Year of Intensive AI Solution-Building
December 2018

Our projects are ramping up and we manage to scale better by narrowing our focus to image- and text-based workflows, automating complex systems and developing internal tooling.

Exploring Productization
June 2019

Despite successful AI projects, our team wants to have a bigger impact with their very own product, so we start exploring productization opportunities in parallel.

30 Projects With 20 Clients
November 2019

We successfully delivered 30 projects incl. computer vision applications, natural language processing solutions, and time-series analyses to over a dozen DAX corporations.

Luminovo Goes Electronics
January 2020

After weeks of various industry exploration, we kick off our transition away from boutique AI solutions towards a product-oriented company in the electronics industry.

20+ Employees
March 2020

We have happily onboarded 20+ Luminerds consisting of rock star engineers and incredible business talents.

Pre-Seed Funding
April 2020

We raise over 2 million euros pre-seed funding from our top investors La Famiglia VC and Cherry Ventures to develop the leading electronics software suite.

First EMS Co-Development
May 2020

Lacon Electronic GmbH joins us as the first EMS to co-develop a solution for their challenging RfQ process with us.

LumiQuote Launch
February 2021

We launch LumiQuote, the next generation EMS RfQ software as the first puzzle piece to our electronics software suite.

Remote-First
July 2021

We decide to keep an office space, but also open ourselves up to the worldwide pool of incredible talent and decided to build a hybrid, remote-first culture.

First Acquisition
October 2021

We acquire Electronic Fellows to accelerate existing processes, as well as seize new opportunities to push the interconnection of the electronics industry together.

30+ Companies
January 2022

More than 30 companies and 350+ individuals are using our software solutions by now.

Seed Funding
July 2022

To fuel our strong growth, we receive €11 million in seed funding from our first-tier investors Chalfen Ventures, Tencent, Verve Venture, Cherry Ventures and La Famiglia VC.

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The Beginning

Luminovo is the brainchild of our two founders Timon Ruban and Sebastian Schaal. After their undergraduate studies in electrical engineering at TUM and ETH, they went to Stanford for their graduate studies to discover their passion for building software products, fueled with artificial intelligence. This is where they met.

They quickly became friends and started living together on campus, where they spent most of their time nerding out about machine learning. Being in the force field of the next AI revolution, they dedicated their graduate studies, research, and consecutive work experiences to the field of deep learning.

Armed with this new skill set, they decided to also join forces in the professional arena and use their talents back home, to help German companies solve business problems with user-friendly and intelligent software. To kick-off this agenda, they founded Luminovo, initially as an AI solution company.

The Beginning

Luminovo is the brainchild of our two founders Timon Ruban and Sebastian Schaal. After their undergraduate studies in electrical engineering at TUM and ETH, they went to Stanford for their graduate studies to discover their passion for building software products, fueled with artificial intelligence. This is where they met.

They quickly became friends and started living together on campus, where they spent most of their time nerding out about machine learning. Being in the force field of the next AI revolution, they dedicated their graduate studies, research, and consecutive work experiences to the field of deep learning.

Armed with this new skill set, they decided to also join forces in the professional arena and use their talents back home, to help German companies solve business problems with user-friendly and intelligent software. To kick-off this agenda, they founded Luminovo, initially as an AI solution company.

Flashback to Our AI Topics of Expertise

From computer vision applications and natural language processing solutions to time-series analyses - with our former service-oriented business endeavor we covered all the facets of deep learning. We even developed our very own hybrid technology enabling seamless collaboration between humans and artificial intelligence, leveraging the best of two worlds.
document processing artificial intelligence

Document Processing

Handling and processing scanned or digital documents is part of every corporate workflow. To reduce repetitive work we developed models that automatically classify documents, route documents given their intent, and extract relevant data points.
image processing automatic classification and detection

Image Processing

From security to manufacturing, image-based processes are present in many industries. We built models that automatically classify images and detect objects in videos.
complex systems artificial intelligence

Complex Systems

Industrial applications are often built around complex systems. We implemented models that run time series prediction tasks all the way to optimizing the control units and simulations.
More AI Topics in Our Blog

Some of Our AI Customers

Infineon - EMS Quoting Tool logo
Linde - EMS Quoting System logo
Audi - Electronics Manufacturing Software logo
ProSieben - Electronics Manufacturing Quotation Logo
Daimler - Electronics Manufacturing Quotation Tool
Munich RE - Electronics Manufacturing Quotation System
Volkswagen Electronics Manufacturing Quotation Software
T Mobile Electronics Manufacturing Quotation logo
Bertelsmann Electronics Manufacturing Quotation Tool
Arvato - Electronics Manufacturing Quotation System Logo
IDnow Electronics Manufacturing Quotation Software logo
Mahag Electronics Manufacturing Quotation Tool logo
Scoor Electronics Manufacturing Quotation System Tool
Infineon Client Logo
linde client logo
audi client logo
ProSiebenSat.1 Media SE Client Logo
daimler client logo
Munich RE Client Logo
vw client logo
T-Mobile Client Logo
Bertelsmann Client Logo
Arvato client logo
IDnow client logo
MAHAG client logo
tier mobility client logo
IDEAL Versicherung client logo
DataGuard client logo

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