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Luminovo raises money to reduce waste in electronics manufacturing



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For the $5 trillion electronics industry, electronics manufacturers, Munuch-based Luminovo builds a SaaS solution that brings together the full material and production costing process. The company is aiming to upend an industry that’s been mired in the previous millennium for a long time. Replacing manual parts of the process with automated tools, it enables the folks creating products to focus on what they do best, rather than running an error-prone endless tennis match of Excel documents.
One of the big shifts in electronics has been the global supply chain, which is still limping along since 2020. Without live insights and projections for what is about to happen, electronic engineers are fumbling in the …

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