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Luminovo
SaaS provider for the electronics industry
- 21-100 employees
- B2B
- Artificial Intelligence
- Manufacturing
- Deep Tech
- Subscription
- SaaS
- Procurement
- Maxvorstadt, Munich, BY
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Company mission
We want to bring innovations faster to everyone by reducing the time and resources needed to go from an idea to a market-ready electronic product.
Our take
Processes for electronic manufacturing services and original equipment manufacturers have not yet caught up with the pace of technological innovation experienced in other technological fields. Luminovo believes that the speed of progress can be catalysed with its electronic operating system.
Luminovo products allow manufacturers to cut down the time and money required to take ideas through to business-ready electronic products. Among its services is LumiQuote, empowering electronic manufacturing services to gain fully transparent quotes.
Luminovo aims to continue its expansion by focusing on growing into a deep-tech company with strong roots throughout Europe. Having received funding in 2020 and 2021 and by preparing a public launch of its RfQ product, Luminovo is on the way to realising this mission.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working hours – We don’t have a rigid 9 to 6 work schedule. Instead, we encourage Luminerds to work during the hours in which they perform their best.
- Remote-first, with retreats! – As part of our remote-first setup, all Luminerds can work remotely within +/-2 hours of CET, while always being welcomed in our Munich office. In addition to our online team events, we regularly organize in-person team retreats and an annual get together for our company-wide LumiWeek.
- Equity compensation – We value every Luminerd’s work and dedication right from the start. Hence, for investing their time and skills in Luminovo as well as trusting and contributing to our vision, all permanent employees receive a Virtual Employee Stock Option Plan (VESOP) as part of their compensation package.
- Home-office equipment – As part of our remote-first setup, all Luminerds have the option to work from home. Regardless of your work location, we will make sure you receive the necessary equipment. This could include a brand new MacBook, 4K monitor, mouse, keyboard, ergonomic chair, etc.
- You decide – We trust Luminerds to act in the best interest of Luminovo. This is why we apply a “you decide” approach to productivity-related decisions, particularly including expenses, devices and personal development. We believe that given a high talent density and our goal to innovate, allowing the people with the most relevant knowledge to call the shots will result in better outcomes. We want to lead with context, not control
- Mental health matters – Taking care of your mental health is just as important as managing your physical health. Therefore, we offer Luminerds access to a mental health platform, including tools designed to maintain a healthy work-life balance and excel both personally and professionally.
- Childcare benefits – Supporting Luminerds and their families is very important to us, which is why we offer financial support to all parents at Luminovo! If you are a parent and have incurred childcare expenses, you will receive a monthly tax-free subsidy from us.
- Psychological safety – At Luminovo, our objective is that every Luminerd feels safe to bring their whole self to work. Psychological safety is the foundation of our honest and respectful feedback culture, our no-rules approach, and how we collaborate as a team.
Company values
- Trust each other - Be honest. Be open. Be respectful. Value transparency and provide a safe zone where others can be vulnerable.
- Embrace feedback - Show appreciation and let others know what you think! Do not be afraid to make mistakes and learn from them.
- Have fun - Be yourself and enjoy the time together. If you did not laugh, it was a wasted day.
- Focus on impact - Begin with the end in mind and let measurable outcomes guide your actions. Put solutions over problems.
- Be proactive - Act if you see an opportunity to help. Take ownership of your work and earn autonomy.
- Keep learning - Be curious. Personal growth leads to company growth.
Funding (2 rounds)
Aug 2022
$11.6m
SEED
Apr 2020
$2.8m
SEED
Total funding: $14.4m
This company has top investors
Leadership
Timon Ruban
(Managing Director)Timon studied at Stanford before founding Deutscher KI-Verband e.V. in March 2018 and Luminovo in December 2017.
People progressing
Having taken a PhD at Cambridge, Tomas started at Luminovo as a Deep Learning Engineer in 2018, before being promoted to Technical Lead in August 2021.
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