#CoronaUpdate with Luminovo: “In a Process of Transformation”

Corona met up with Luminovo in a conflicting situation: On the one hand, the Munich startup was able to complete a round of financing right before the onset of the crisis. On the other hand, the company is currently in a radical process of transformation. In #CoronaUpdate, co-founder Sebastian Schaal shares how Luminovo has experienced the crisis up to now and how his startup is trying to view the situation as an opportunity.

Founded in 2017 by Timon Ruban and Sebastian Schaal, the company Luminovo helps its customers use artificial intelligence. The startup just recently shifted its focus to the electronics industry. The goal is to become the leading operating system for electronics development. In #CoronaUpdate, co-founder Sebastian Schaal says about his startup:

“At Luminovo, our goal is to get technical innovations on the market earlier and faster because we think that’s necessary to solve the biggest problems of our time.”

Just before the crisis began, the startup collected two million euros in a pre-seed financing round. Nonetheless, the corona crisis hit the Munich startup at an inopportune time in its corporate development:

“Here at Luminovo, we’re currently in a process of transformation from the AI engineering company that we were for the last two years to a product-based company with a focus on electronics.”

Luminovo is relying on virtual team events

Project business has been hit particularly hard by the crisis. As Schaal reported from his home office, his company still managed to quickly adapt to the new situation — which also includes virtual team events, such as pub quizzes.

The company wants to make use of the time during the crisis to work on product development and then get started as soon as industry customers are ready.

In #CoronaUpdate, Sebastian Schaal talks about how the crisis has affected Luminovo and the opportunities he currently sees for his company:

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