illumex Secures $13M Seed Funding for AI Platform

illumex Raises $13M to Propel Generative AI with Semantic Data Fabric
illumex, a platform specializing in Generative Semantic Fabric for structured enterprise data, has secured $13 million in seed funding. The investment round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, among others. illumex aims to address data challenges in generative AI (GenAI) by creating a semantic layer that unifies data silos and adds business context, thus generating a consistent vocabulary of domain-specific terminology. The platform is already being utilized by large enterprises like Teva and Carson and has partnerships with tech giants such as Microsoft, Google Cloud, and AWS.
Generative AI adoption has surged, with significant contributions to business value, but issues like data inaccuracy and risks persist. illumex’s solution involves using generative AI to create a unified semantic knowledge graph from structured data, ensuring consistent and accurate AI interactions. This graph acts as a single source of truth, aligning data with business terminology and context, which is crucial for the reliability and governance of AI initiatives.
Founder and CEO Inna Tokarev Sela emphasizes that solving fundamental data challenges is key to successful enterprise AI projects. illumex democratizes AI by allowing business users to interact with data using natural language, thus enhancing decision-making. Cardumen Capital’s Gonzalo Martínez de Azagra highlights that illumex enables enterprises to balance AI innovation with stringent data governance, making it essential for industries with complex regulatory requirements.