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HomeFunding Madrid-based Luzia Secures €9.5 million Series A Round Funding

[Funding alert] Madrid-based Luzia Secures €9.5 million Series A Round Funding

Madrid-based Luzia secures series A funding of €9.5 Million. This operation has been led by notable investors like Khosla Ventures, Abstract Ventures, FJ Labs, Globo Ventures, and former basketball player Pau Gasol through Gasol16 Ventures.
Alvaro Martinez Higes – Co-Founder & CEO of Luzia

Madrid-based Luzia secures series A funding of €9.5 Million. This operation has been led by notable investors like Khosla Ventures, Abstract Ventures, FJ Labs, Globo Ventures, and former basketball player Pau Gasol through Gasol16 Ventures.

Read also – Germany-based Soluterials Secures Seven Figure in Seed Funding

The additional funding will make it easier for companies to add new features, improving customer satisfaction and service quality. Additionally, it will help Luzia maintain her position as the top AI assistant for Spanish- and Portuguese-speaking nations while helping the business’s expansion into new markets, talent sourcing, and other efforts. With this most recent investment, Luzia has received a total of €12.2 million.

Read also – Copenhagen-based Klimate.co Raises €3.5 million in Seed Funding

The goal of this innovative effort, according to Gasol, is to make artificial intelligence available to everybody. It is crucial that everyone get access to this breakthrough technology. Initiatives like this one stand for growth and the future.

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Luzia will concentrate on entering untapped markets and bolstering its development team based in Spain in order to assist growth. The organization does a variety of tasks, including as translating voice communications to text and creating graphics, and has dealt with a total of 880 million requests. Argentina, Mexico, Brazil, and Colombia are some of Luzia’s major export markets in addition to Spain.

Read also – Munich-based Lanes & Planes Secures $35 Million in Series B Round Funding

Luzia’s CEO Álvaro Higes added: “This investment represents a significant stride toward realizing Luzia’s mission: to democratize the power of artificial intelligence and bridge the technological divide. Our goal is to make Luzia the most user-friendly and efficient personal assistant globally.”

About Luzia

Notably, Luzia has an extensive selection of educational applications and might be a useful tool for learning languages and studying. The free service, that was established in 2023, carries out a variety of duties, such as answering questions, giving advice, writing texts, transcribing audio, creating images, and translating text, among other features.

Read also – UK-based Kao Data has Funding from Legal & General Capital and Infratil

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