TLDR:
Key Points:
- illumex, a NYC-based company, raised $13M in funding.
- The round of funding was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures.
Inna Tokarev Sela founded illumex, which provides organizations with a generative semantic fabric platform for structured enterprise data. The platform automates the process of mapping data semantics and resolving terminological inconsistencies across business silos, crucial for achieving AI readiness. It acts as an intermediate layer, reconciling data silos and adding context to data, enabling transparent AI initiatives. Illumex has partnerships with Microsoft, Google Cloud, and AWS, and large enterprises like Teva and Carson are already using the platform for their data AI readiness. The company plans to use the funding to expand operations and development efforts.
