Digital Lumens builds smart LED lighting systems that combine mobile connectivity and software-based controls to bring IoT-style intelligence to industrial spaces such as warehouses. The company positions its platform to deliver efficiency, insight, safety, and operational intelligence through enterprise-scale lighting networks. Digital Lumens claims to be the first to introduce smart lighting systems that can scale and reports coverage of more than 100 million square feet across 35 countries. Its leadership includes CEO Tom Pincince and founder/CTO Brian Chemel, who previously worked at Color Kinetics. The article notes LED lighting is typically more energy efficient and cheaper to run, a trend Digital Lumens is leveraging. The company plans to use investment to expand its technology and market reach globally. Financially, the round discussed brings total capital raised to just under $50 million. Digital Lumens offers intelligent LED lighting systems and service offerings for commercial and industrial customers. The Boston, MA-based company is led by Tom Pincince, President and CEO. It currently has more than 500 large-scale installations of its system across a range of commercial and industrial facilities worldwide. Digital Lumens is extending its product family to address a broad range of new environments. The company intends to use new capital to accelerate expansion into new segments and international markets and to further develop its product and service offerings. Digital Lumens is currently hiring as it scales. Digital Lumens produces LED-based, networked lighting fixtures and accompanying LightRules software that lets facility operators set automated behaviors based on occupancy and other factors. The company targets warehouses, cold-storage and broader industrial facilities, emphasizing energy efficiency and durability in demanding environments. Digital Lumens plans near-term expansion into Canada and Mexico and is exploring longer-term opportunities in European and Asian markets. The Series B proceeds will fund international growth and development of more granular LightRules features, including automated response to energy pricing. Customers such as Americold have reported substantial energy savings after replacing older systems with Digital Lumens LEDs. The company’s leadership, including CEO Tom Pincince and CFO Mike Rubino, has expressed hopes for an eventual U.S. public offering.

Total raised

$43M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2014