About Digital Lumens
Digital Lumens is a company based in Boston (United States) founded in 2008 was acquired by Osram in August 2017.. Digital Lumens has raised $54.3 million across 5 funding rounds from investors including Goldman Sachs, Osram and Aster. The company has 50 employees as of December 31, 2021. Digital Lumens offers products and services including SiteWorx Software and Related Hardware. Digital Lumens operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Boston, United States
- Employees 50 as on 31 Dec, 2021
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Digital Lumens Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.3 M (USD)
in 5 rounds
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Latest Funding Round
$23 M (USD), Series C
Oct 30, 2014
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Investors
Goldman Sachs
& 5 more
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Employee Count
50
as on Dec 31, 2021
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Acquired by
Osram
(Aug 23, 2017)
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Products & Services of Digital Lumens
Digital Lumens offers a comprehensive portfolio of products and services, including SiteWorx Software and Related Hardware. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing lighting and monitoring resources globally
Hardware supporting lighting management systems and services
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Software Development Team
84 people
Sales and Marketing
71 people
Leadership Team
45 people
Product Management Team
43 people
Senior Team
28 people
Finance and Accounting
18 people
Principal Team
6 people
Global Team
5 people
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Funding Insights of Digital Lumens
Digital Lumens has successfully raised a total of $54.3M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $23 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $23.0M
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First Round
First Round
(08 May 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series C - Digital Lumens | Valuation | NGP Capital | |
| Jan, 2013 | Amount | Series B - Digital Lumens | Valuation |
investors |
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| Apr, 2011 | Amount | Series B - Digital Lumens | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digital Lumens
Digital Lumens has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Osram and Aster. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are funded by Flybridge Capital Partners.
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Founded Year | Domain | Location | |
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Black Coral Capital is focused on cleantech market investments.
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Founded Year | Domain | Location | |
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Aster is engaged in venture capital for deep tech and climate solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Digital Lumens
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Digital Lumens
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digital Lumens Comparisons
Competitors of Digital Lumens
Digital Lumens operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Digital Lumens
Frequently Asked Questions about Digital Lumens
When was Digital Lumens founded?
Digital Lumens was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Digital Lumens located?
Digital Lumens is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Digital Lumens a funded company?
Digital Lumens is a funded company, having raised a total of $54.3M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on May 08, 2009.
How many employees does Digital Lumens have?
As of Dec 31, 2021, the latest employee count at Digital Lumens is 50.
What does Digital Lumens do?
Digital Lumens was founded in 2008 in Boston, United States, and operates in the industrial LED lighting sector. High-efficiency LED fixtures, including high bay models with occupancy and daylight sensing, power metering, and onboard intelligence, are provided. Cloud-based Lightrules software enables control, analytics, scheduling, and integration across fixtures. Digital Light Agents are also offered to ensure compatibility with the management platform.
Who are the top competitors of Digital Lumens?
Digital Lumens's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Digital Lumens offer?
Digital Lumens offers SiteWorx Software and Related Hardware.
Who are Digital Lumens's investors?
Digital Lumens has 6 investors. Key investors include Goldman Sachs, Osram, Aster, Flybridge Capital Partners, and Black Coral Capital.