In a major development for Lupa Technology, a Serbian-US data management platform, the company recently secured $1.8 million in funding during a recent investment round led by South Central Ventures. The funds will be utilized for global expansion, allowing Lupa to expand its reach into new markets and continue providing innovative solutions to businesses worldwide.
Lupa was founded in 2021 and is a cloud-based SaaS startup that targets the construction industry with its platform. Key features of the platform include data mining and unification from other platforms, document processing, offering construction-specific workflows, and utilizing generative AI insights and reporting. Based in New York and Belgrade, Lupa’s primary markets include the USA, UK, EU, and GCC regions, with sales strategies focused on both direct and partnership-driven approaches.
Lupa Technology’s CEO, Vladimir Milovanovic, expressed excitement about the significant investment led by South Central Ventures and joined by Katapult Accelerator. He highlighted the platform’s mature impact on businesses in the construction industry and how it has helped clients take bold steps towards their digital transformation. Goran Stevanovic from South Central Ventures praised Lupa Technology for redefining data management standards in the construction industry with its innovative approach and deep understanding of construction challenges. This investment is expected to drive adoption of Lupa’s technology among industry leaders and disrupt the construction industry with transformative AI-driven solutions.
Overall, this investment round marks a major milestone for Lupa Technology as it continues to grow its presence globally while providing valuable solutions to businesses operating within the construction sector.
