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§ Private Profile · Boston, MA, USA
Lumo is a technology company.
Lumo develops advanced agricultural technology, notably a smart irrigation valve system, enabling growers to precisely control and measure water application to crops. This core product significantly reduces excess water usage and eliminates irrigation guesswork, optimizing resource deployment for efficient and effective water management.
The company was founded by Devon Wright. His insight emerged around 2017 after he personally experienced irrigation inefficiencies on his own orchard. Wright recognized a critical gap where modern technology was absent in agricultural water management, leaving many growers reliant on manual, wasteful, and uncertain methods.
Lumo's solutions serve growers intent on modernizing their water management practices. The company’s vision is to empower agricultural producers to tackle pressing water challenges, helping them conserve time, money, and water. Lumo aims for precision and efficiency, fostering a more sustainable future in agriculture.
Lumo has raised $25.1M across 4 funding rounds.
Lumo has raised $25.1M in total across 4 funding rounds.
Lumo has raised $25.1M in total across 4 funding rounds.
Lumo's investors include Mike Winterfield, Libby Spalding, Active Impact Investments, Buoyant Ventures, Energy Impact Partners, Powerhouse Ventures, Fall Line Capital, Catapult Capital, ENIAC Ventures, Fifth Wall.
# High-Level Overview
Lumo is an agricultural technology company that develops smart irrigation systems for precision farming.[2][4] The company builds automated irrigation valves with built-in connectivity and sensors that allow growers to remotely control, monitor, and optimize water delivery across their fields. Lumo solves a critical problem in agriculture: the inefficiency and labor intensity of manual irrigation management, which consumes significant water resources and requires constant manual oversight.
The company serves commercial growers—particularly in viticulture and specialty crops—who need to balance water conservation with yield optimization. Lumo's platform automates up to 90% of irrigation labor while providing real-time data visualization that helps growers detect system faults, monitor flow rates, and maintain accountability for water usage.[2][4] Founded in 2021 and based in Santa Rosa, California, Lumo has gained traction with established agricultural operations seeking to modernize their irrigation infrastructure.
Lumo operates within the precision agriculture movement, which leverages IoT sensors, automation, and data analytics to optimize farm operations amid growing pressures around water scarcity and climate variability. The timing is critical: water stress is intensifying across major agricultural regions, regulatory scrutiny on water usage is increasing, and labor costs continue to rise. These forces create strong tailwinds for companies that can reduce water consumption while lowering operational burden.
Lumo's approach reflects a broader shift in agriculture toward accountability-driven automation—growers no longer want black-box systems; they want transparency, control, and documented proof of efficient resource use. This aligns with emerging ESG expectations and regulatory frameworks that demand measurable water stewardship. By embedding compliance into the product itself, Lumo positions irrigation automation as a governance tool, not just an efficiency play.
Lumo is well-positioned to capture market share in a fragmented irrigation automation sector where incumbents have failed to deliver on promises of ease and reliability. The company's focus on user experience—simplicity, transparency, and accountability—addresses the primary pain point that has limited adoption of prior-generation systems.
Looking ahead, Lumo's growth will likely depend on expanding beyond viticulture into broader commodity and specialty crop segments, scaling its support infrastructure, and potentially developing integrations with broader farm management platforms. As water regulations tighten globally and growers face mounting pressure to prove sustainable practices, demand for systems like Lumo's should accelerate. The company's early traction with established growers suggests it has found product-market fit; the question is whether it can scale operations and capital efficiently to capture the broader market opportunity in precision irrigation.
Lumo has raised $25.1M across 4 funding rounds. Most recently, it raised $7.0M Other Equity in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 14, 2024 | $7M Venture Round | Mike Winterfield, Libby Spalding | — | Announced |
| May 1, 2024 | $14M Seed | — | Active Impact Investments, Buoyant Ventures, Energy Impact Partners, Powerhouse Ventures | Announced |
| Jul 21, 2022 | $2.1M Pre Seed | Fall Line Capital | — | Announced |
| Apr 1, 2018 | $2M Seed | — | Catapult Capital, Eniac Ventures, Fifth Wall | Announced |