What Lumiq does

LUMIQ (legally Crisp Analytics Pvt. Ltd.) is an AI-native technology company exclusively focused on the financial services industry, headquartered in Noida, India with operational offices in New Jersey, New York, Singapore, and Delhi NCR. The company sells an integrated three-product platform: emPower Foundation for data ingestion and unification via pre-built FSI data connectors, emPower Pryzm for data observability and AI-driven anomaly detection, and LiteCone, an agentic AI workforce platform that autonomously executes regulated decisions such as insurance underwriting, claims adjudication, and credit underwriting. The flagship LEO agent is reported to autonomously decide 75-80% of underwriting cases with zero human intervention at a leading life insurer, compressing policy issuance from days to under 8 minutes and reducing policy issuance costs by approximately 25%.

LUMIQ serves large banks, insurers, asset management companies, and capital markets firms with a team of ~350 certified FSI architects and engineers and 40+ global implementations across India, the US, and Southeast Asia. Named and anonymized customers include HDFC Ergo, HDFC Life, CLIX, TVS Credit, a $9T+ AUM asset manager, a 15M+ customer general insurer, a 22M+ customer bank, and a "Leading Indian Life Insurance Organization" running a Gen AI underwriting engine processing 4M+ customers. The company holds ISO 27001, SOC 2 Type 2, HIPAA, CCPA, and GDPR-aligned compliance certifications and is an AWS Consulting Partner with Financial Services, Data & Analytics, Gen AI, ML, and DevOps competencies, plus Google Cloud and Microsoft Azure partnerships.

Revenue is generated through three streams: platform/SaaS licensing of emPower Foundation, emPower Pryzm, and LiteCone; managed services where LUMIQ builds and operates the data platform and use cases; and custom development engagements for new use cases including MLOps, Gen AI, and data modeling. Pricing is quote-based, scoped via discovery workshops, and structured around multi-year enterprise contracts with no public pricing tiers. Go-to-market is sales-led enterprise field sales targeting large FSI buyers, amplified by cloud hyperscaler partnerships (AWS, GCP, Azure) and co-marketed case studies. Total disclosed funding exceeds $13.4M across a 2021 seed, 2022 Series A (both led by Info Edge Ventures), and a June 2026 pre-Series B of approximately $5.9M led by Bajaj Finserv Ventures at a ~$53M post-money valuation.

Name

Lumiq

Legal name

Crisp Analytics Pvt. Ltd.

Website

https://lumiq.ai

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

LUMIQ is an AI-native data and analytics company exclusively serving the financial services industry, offering emPower Foundation (data ingestion), emPower Pryzm (data observability), and LiteCone (agentic AI for autonomous underwriting, claims, and credit decisions) to banks, insurers, and capital markets firms globally.

Ownership category

akta.pro rank

Product category

Financial Services AI Platform

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)

akta.pro secondary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Financial services AI
• Data analytics platform
• Agentic AI workforce
• Data observability platform
• AI underwriting engine

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform Licensing (SaaS): Licensing of proprietary AI and data platforms (emPower Foundation, emPower Pryzm, LiteCone) on a subscription or usage basis to financial services organizations. Platforms are cloud-hosted with 99.9% uptime on Azure and AWS.
2. Managed Services: Managed Services model where LUMIQ builds and manages data platforms and use cases for clients, providing ongoing operational support.
3. Custom Development Services: Custom development engagements leveraging emPower Foundation to innovate and develop new use cases such as MLOps, Gen AI, and Data Modeling.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

LUMIQ provides AI-native platforms (emPower Foundation, emPower Pryzm, LiteCone) for financial services institutions, combining data ingestion and unification, data observability and reliability, and agentic AI-powered autonomous decisioning for insurance underwriting, claims adjudication, credit underwriting, and loan disbursement. The company complements these platforms with managed services and custom development engagements exclusively for the banking, insurance, capital markets, and lending sectors.

Product overview

LUMIQ is an AI-native financial services technology company offering a hyper-curated and agile delivery platform comprising purpose-built products, accelerators, and services. The core product portfolio includes emPower Foundation for data ingestion and unification, emPower Pryzm for data observability and reliability, and LiteCone for agentic AI-powered auto-decisioning. These products work together to help financial institutions transform raw data into strategic assets: emPower Foundation aggregates and harmonizes data from diverse sources, emPower Pryzm monitors data quality and detects anomalies, and LiteCone deploys AI agents that autonomously handle regulated decisions in insurance underwriting, claims adjudication, credit assessment, and loan disbursement. The company serves insurance, banking, capital markets, and lending sectors with a team of over 350 AI and data specialists.

Differentiator

Problem solved

Functional benefit

Brands

• emPower Foundation: A trusted and reliable platform for accelerating data ingestion and unification, leveraging pre-built data connectors automating ETL/ELT processes for FSI organizations.
• emPower Pryzm
• LiteCone
• LEO

Products and services

• emPower Foundation A data ingestion and unification platform for financial services organizations, featuring pre-built data connectors that automate ETL/ELT processes, support all data formats, and enable both batch and streaming-based replication with curated data models, data security, governance, and audit/compliance capabilities.
• emPower Pryzm A data reliability and observability platform that ensures precision and trust in every data point through proactive incident management, automated AI-driven anomaly detection, and real-time monitoring of all data assets across financial services deployments.
• LiteCone An agentic AI workforce platform for financial services organizations that deploys production-ready automation at scale, featuring named AI agents for insurance underwriting, claims adjudication, credit underwriting, and intake processing. LiteCone is operating in production at leading financial institutions and processes millions of regulated decisions annually.
• AI/ML Solutions Domain-specific AI/ML model development, recommendation systems, MLOps and model deployment, and model explainability services offered to financial services institutions for predictive analytics use cases including next best action, customer nudges, and hyper-personalization.
• Generative AI Solutions Domain-specific Generative AI solutions including conversational chatbots, fine-tuning and deployment, and LLMOps services for financial services organizations.

Quantifiable outcome

• 75-80% of underwriting cases decided autonomously with zero human touch at a leading life insurer
• +6 more outcomes

Named customers12 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Amazon Web Services (AWS)coreTechnology or IntegrationAWS Consulting Partner with Financial Services Consulting Competency, Data and Analytics Competency, Gen AI Competency, Machine Learning Competency, and DevOps Competency. Cloud infrastructure provider with 99.9% uptime. LUMIQ develops and deploys solutions on AWS for FSI clients. Co-marketing through AWS Partner Network.
• Microsoft AzurecoreTechnology or IntegrationPrimary cloud infrastructure provider mentioned on LUMIQ compliance page with 99.9% uptime and redundant systems for constant availability and security. Global cloud infrastructure for hosting LUMIQ's platforms.
• Google CloudcoreTechnology or IntegrationGoogle Cloud Partner enabling businesses with innovative and secure solutions in Data & Analytics, GenAI, Machine Learning, and DevOps. Joint customer case studies published (HDFC Ergo on Google Cloud website). Partnership for cloud-driven digital transformation for financial institutions.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tiger Analytics: US-headquartered, India-delivered data and AI analytics firm with a strong FSI practice and similar mid-market scale. Closely comparable on target buyers (banks, insurers, capital markets) and on the blend of data engineering, MLOps, and domain-specialized AI services.
• Fractal Analytics: AI and analytics services firm serving global enterprises including FSI clients. Comparable on enterprise FSI targeting, AI/ML model delivery, and the combination of proprietary platforms with consulting services.
• Course5 Intelligence: Analytics and AI company with deep FSI and consumer-goods focus. Comparable on FSI-domain specialization, data modernization engagements, and deployment of AI/ML models for regulated use cases.
• Tredence: Data analytics and AI engineering firm with FSI and retail verticals. Comparable on data engineering delivery, cloud-native architectures on AWS/Azure/GCP, and enterprise FSI implementations.
• Sigmoid: Data engineering and AI services firm with strong FSI and CPG presence. Comparable on cloud-native data platform builds, ETL/ELT modernization, and FSI client mix.
• AbsolutData: AI and analytics firm with FSI and consumer-focused deployments. Comparable on AI-driven decisioning for financial services, including customer analytics and marketing use cases.

Broad incumbents

• Databricks: Unified data and AI platform with growing FSI footprint and marketplace partners. Comparable as a competing data foundation that could absorb parts of LUMIQ's emPower Foundation and emPower Pryzm scope at large FSI buyers.
• Palantir: Data and decisioning platform with deep FSI and insurance deployments (Foundry/Gotham). Comparable on enterprise FSI data integration and decision-support, though at a much larger scale and broader scope.
• Accenture: Largest global systems integrator with a sizable FSI analytics and AI practice. Comparable as the broad incumbent alternative buyers evaluate for FSI data modernization and AI transformation programs.
• Infosys: Major IT services firm with Finacle and a large FSI analytics practice. Comparable as a competing FSI-focused delivery partner for data modernization, AI, and core insurance/banking programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lumiq_ai

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lumiq