LUMIQ operates LiteCone, a platform that deploys AI agents which read files, apply an institution's guidelines, and make end-to-end regulated decisions with full reasoning and audit trails. The company reports agents are live in production at leading banks, insurers, and capital markets firms across India, the US, and Southeast Asia and processes millions of decisions annually. LUMIQ cites a leading life-insurer deployment where its LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and cut turnaround from days to under eight minutes. The firm employs over 350 AI and data specialists and has offices in New Jersey, Singapore, and Delhi NCR. LUMIQ plans to deepen decisioning capabilities, expand the range of roles its agents handle, and embed LiteCone via partnerships with cloud hyperscalers, AI labs, and core banking and insurance platforms.

Total raised

$13M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2026