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427 Lumai secures more than €9.2 million to slash AI processing costs and boost performance

EU-Startups
David Cendon Garcia @ EU-Startups · 04/02/2025 11:52 EDT

Lumai secures more than €9.2 million to slash AI processing costs and boost performance

Oxford-based Lumai, an AI accelerator startup using optics to address global computational challenges, today announced that it has secured more than €9.2 million to help AI data centres reduce costs and boost performance – while minimising energy consumption. The round was led by VC investor Constructor Capital, with participation from existing investor IP Group, alongside ...

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