Lumo Raises $7 Million from Active Impact and Fall Line Capital to Fund Research and Development and Rapid Go-to-Market Expansion
Summary
"Growers need to move quickly to take tighter control of their water management practices, irrigate with greater precision, get ahead of regulations, and eliminate waste from their operations. "With fast-paced customer adoption, an impressive founding team, and a truly differentiated solution, Lumo is well-positioned to become a market leader in irrigation automation and, in time, the worlds largest system of record for water use data. "As growers continue to contend with cost pressures and softening revenue, the need for a reliable and trustworthy way to automate irrigations has never been greater. "As Lumo expands both their product offering and geographic footprint, they will continue their relentless focus on providing farmers with world class support both online and in the field. Our team takes great pride in working to help growers conserve their most precious resources - time, money and water.