Lumana AI Inc., a pioneer in cloud-based security platforms with advanced image recognition capabilities, has emerged today with a significant boost of $24 million in seed funding. Led by founder and Chief Executive Officer Sagi Ben Moshe, formerly the Chief Incubation Officer at Intel Corp. post its acquisition of Invision Ltd., a 3D imaging company he founded, Lumana aims to revolutionize security surveillance.

Their cutting-edge technology promises to convert any standard security camera into an AI-driven device capable of discerning intricate events and potential risks. The core of their platform lies in a distributed hybrid cloud architecture, seamlessly integrating cloud and on-premises resources. This architecture dynamically optimizes processing options for superior performance. The embedded deep learning AI models continuously enhance over time, while customers have the liberty to define the types of events that should trigger alerts.

Lumana's flagship product, Lumana Core, encompasses an AI engine and video processor. This core component processes video footage and executes AI computations on the edge, ensuring heightened reliability and speed. Additionally, it interacts with the cloud to facilitate communication between Lumana devices and their video management application.

Citing Forbes Business Research, which forecasts a staggering quadrupling of the video analytics market from over $8 billion in the current year to nearly $38 billion by 2030, Lumana is poised to capitalize on this exponential growth.

Their comprehensive video security platform comprises the AI engine, video processor, video management software accessible through web browsers or mobile applications, and compatible security cameras. Administrators can efficiently manage an unlimited number of cameras and locations from a unified console, equipped with advanced user management, sharing capabilities, video playback, system health monitoring, and real-time alerting features.

Lumana excels in delivering natural language customized alerts in real-time, leveraging self-learning capabilities to minimize false alarms. The platform's versatility allows for tailored alerts, ranging from car break-ins to safety protocol violations on manufacturing lines.

Distinguishing itself with rapid search capabilities, Lumana enables users to scour millions of hours of video footage across multiple locations, with results returned within seconds. Its sophisticated AI algorithms empower users to specify multiple search parameters, facilitating the pinpointing of exact footage for complex scenarios.

The funding, spearheaded by Norwest Venture Partners LP and S Capital VC Management Ltd, signifies a vote of confidence in Lumana's innovative approach towards revolutionizing video surveillance. With its robust technology stack and visionary leadership, Lumana AI Inc. is poised to redefine the landscape of security analytics.