INSUBCONTINENT EXCLUSIVE:
LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding
Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture.Others participating include
Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins)
The SaaS integrates with other enterprise software such as G Suite, Microsoft Office 365 and Microsoft SharePoint, to centralize access to
corporate content, business applications and social features under a single platform
Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, Logitech, Toto, and Japan Airlines, and the company claims to have
Austin, San Francisco, and Tokyo
Armed with additional funding, the company will continue adding significant headcount, hiring across engineering, product, sales and
personal assistant powered by AI
bring to a social intranet, Ricard says the vision is to make LumApps a personal assistant for all communications and workflows in the
Applying AI to prompt authors with suggested content, flagging important items that demand attention, and auto-archiving old content, are a
possible with the goal of reducing or eliminating administrative tasks that keep employees from more productive tasks, including team
