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[Funding News] NYC-based illumex Raises $13M led by Cardumen Capital

illumex, the Generative Semantic Fabric platform for structured enterprise data, announced that it has raised $13M in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and renowned angel investors.

illumex, the Generative Semantic Fabric platform for structured enterprise data, announced that it has raised $13M in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and renowned angel investors.

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illumex empowers organizations to overcome data challenges that hinder generative AI (GenAI) initiatives by automating the creation of a semantic layer that unifies data silos and adds business context, as well as generating a consistent vocabulary of domain-specific terminology. The company already has large enterprises, like Teva and Carson, leveraging illumex for their data AI readiness and has forged partnerships with Microsoft, Google Cloud, and AWS.

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illumex analyzes metadata — without accessing the underlying sensitive information — to create a unified semantic knowledge graph. This graph acts as a single source of truth that aligns all data with consistent business terminology and context. By automatically constructing a domain-specific ontology, which formally defines the entities, properties, and relationships that represent an organization’s knowledge structure, illumex enables consistent, contextually relevant data interactions across the enterprise. This serves as a foundation that enables LLMs to reliably map user questions to the relevant data points that should be retrieved in order to deliver accurate results while ensuring proper governance.

Inna Tokarev Sela, Founder and CEO of illumex said, ״The key to enterprise generative AI success lies in solving the fundamental data challenges that have caused so many projects to fail,” said Inna Tokarev Sela, Founder and CEO of illumex. “Our Generative Semantic Fabric aligns organizational data with business meaning and domain-specific context, allowing organizations to finally trust the results of their AI initiatives. By enabling business users to interact reliably with data using natural language, without teaching them the precise technical definitions, we’re democratizing AI and empowering enterprises to make better decisions.”

“For enterprises in complex and regulated industries, adopting generative AI isn’t just a nice-to-have; it’s an existential imperative,” said Gonzalo Martinez de Azagra, Founder and GP at Cardumen Capital. “However, they face the unique challenge of needing to balance AI-powered innovation with strict data governance and security requirements. illumex perfectly bridges this gap, enabling enterprises to maximize the GenAI opportunity while ensuring the integrity, lineage, and trustworthiness of the data fueling these applications. illumex plays a crucial role in both reassuring organizational data AI-readiness and enabling contextual and governed GenAI interactions. “

About illumex

illumex empowers organizations to unlock the full value of their enterprise data through its Generative Semantic Fabric. The company’s turnkey platform automates the complex process of mapping data semantics and resolving terminological inconsistencies across business silos – a critical step for achieving AI and GenAI readiness. By enabling transparent and governed data interactions with LLMs, illumex opens up transformative enterprise use cases for generative AI.

The company was founded by Inna Tokarev Sela, former AVP & Head of AI at Sisense and Senior Director of Machine Learning at SAP, who brings two decades of experience leading large-scale initiatives to leverage data for AI.

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