In recent news, Lupa Technology, a Serbian-US data management platform, raised $1.8M in a funding round led by South Central Ventures with the participation of the World Bank/EU Commission. These new funds will be used to support global expansion for the company.
Lupa Technology was founded in 2021 and is a cloud-based SaaS designed specifically for the construction industry. The platform helps companies turn their data into an asset by mining and unifying data from other platforms, processing documents, offering construction-specific workflows, and using generative AI insights and reporting. Headquartered in New York and Belgrade, Lupa’s primary markets are in the USA, UK, EU, and GCC regions.
Vladimir Milovanovic, CEO of Lupa Technology, expressed excitement about the investment and highlighted the platform’s practical impact on businesses. The company’s platform has been gaining significant traction in the market and is helping clients make significant progress in their digital transformation efforts.
Goran Stevanovic, Partner at South Central Ventures, said that Lupa Technology’s innovative approach and deep understanding of construction challenges make them a key player in enhancing operational efficiencies in the industry. The investor is thrilled to support Lupa’s disruptive AI-driven solutions in the construction sector and is impressed with the quality and dedication of the Lupa team.
