Startup · $28.3m raised · AI
AI company in a whitespace industry
Sydney, NSW
Every investor coverage indicates participated in a round Lumachain raised.
| Investor | Rounds | Invested |
|---|---|---|
| Main Sequence Ventures | Series A | - |
| Bessemer Venture Partners | Series A | - |
Companies Lumachain acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Jamila Gordon | CEO · Founder | Startup Daily, TechCrunch Australia, SmartCompany |
Stories naming Lumachain. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Main Sequence sets out its investment thesis for physical AI, describing portfolio companies across robotics, vision, connectivity, compute and simulation, and recalling over $100 million invested since inception.
Main Sequence's blog post announces it led robotics software startup Breaker's pre-seed round, citing the founders' defence and robotics backgrounds and plans to expand the team and US presence.
Main Sequence explains how it judges which AI startups build lasting value, setting out focus areas in neglected industries, efficient computing and robotics, and citing several firms from its portfolio.
Main Sequence opens a three-part series explaining its AI investment thesis, the market shifts behind it, and where it sees long-term value, citing several portfolio companies.
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
Sydney-based Lumachain raised a $19.5 million Series A led by Bessemer Venture Partners with Main Sequence participating, to scale its computer vision AI platform for meat plants globally.
Main Sequence's blog post sets out why the fund led RIOS's US$28 million Series A, highlighting the robotics firm's automated workcells, usage-based pricing, and fit with Australia's manufacturing strategy.
Satirical awards column recalling 2021 business failures and wins: Hosking's Redbubble share sale, Greensill's collapse, GetSwift's downfall, Better.com's layoffs and funding, Moviepass's sale, and Digital World's Trump SPAC deal.