Agtech Startup, Lumo Raises $2.1 Million to Tackle the Global Water Insecurity Crisis
- Wine Industry Advisor
A new Agtech company focused on water sustainability, announced today that it has raised $2.1 million in pre-seed funding and plans to allocate funds toward commercialization of its irrigation technology. The system offers a first of its kind wireless, cloud-managed water valve network that will enable growers to optimize water usage to improve crop quality and reduce overhead costs. Presently a number of Lumo’s irrigation systems are being tested in vineyards and orchards in Sonoma County, California.