Romanian assistive tech startup Lumen, known for its smart glasses that improve mobility for the visually impaired, has secured €5 million in funding. This includes a record-breaking €1 million raised in a single day on the SeedBlink platform.
Lumen's glasses for the blind use Pedestrian Autonomous Driving (PAD AI) technology to mimic the functionalities of a guide dog.
CEO Cornel Amariei expressed his gratitude:
“This record round on SeedBlink is a testament to the potential for innovation in Romania. Despite being ranked as the least innovative country in the EU, we believe Romania can deliver life-changing innovations to the world.”
Ionut Patrahau, Managing Partner at SeedBlink, shared:
“Supporting startups like .lumen is a powerful act of faith in innovation and the entrepreneurial spirit. Their work empowers blind individuals with mobility and independence, transforming lives and building a legacy of progress and inclusivity.”
Key co-investors, including the European Innovation Council and Venture to Future Fund, contributed €4 million to the €5 million funding round.
The funds will support .lumen's strategic roadmap, including a limited-series launch in Q4 2024 and entry into the USA market in Q4 2025. The company aims to sell 10,000 units by the end of 2026, enhancing the independence and safety of visually impaired individuals worldwide.
Lead image: Lumen CEO Cornel Amariei. Photo: uncredited.
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