What Lumo Analytics does

Lumo Analytics was a Finnish deep-technology company founded in 2021 and headquartered in Helsinki, Finland, that developed a compact Laser-Induced Breakdown Spectroscopy (LIBS) scanner for the mining sector. Its sole product enabled near-real-time elemental and mineralogical analysis of drill cores directly at drill sites and core sheds, with a specific technical focus on detecting light elements and rare earth elements (REEs) — a capability historically requiring laboratory-bound LIBS systems. The company's value proposition centered on eliminating sample-to-lab turnaround time for critical minerals characterization, supporting use cases including geometallurgical domaining, ore-waste discrimination, and resource modeling.

Commercially, Lumo operated as a single-product, single-channel technology provider, distributing its Compact LIBS Scanner exclusively as an embedded component of GeologicAI's High-Resolution Decision Engineering platform. The company had 1–10 employees, no publicly disclosed pricing, and no independently attributable customer logos; all tier-1 miner relationships (Agnico Eagle, Newmont, BHP, Anglo American, Rio Tinto, Gold Fields, Torex Gold, Eloro Resources) were GeologicAI's, not Lumo's. In February 2025, Lumo received non-dilutive funding from the EIC Accelerator, and on December 17, 2025, GeologicAI acquired Lumo to complete its integrated multi-sensor suite (RGB, XRF, hyperspectral, LiDAR, and LIBS), following which Lumo ceased to operate as an independent entity and became a wholly-owned subsidiary of GeologicAI.

Name

Lumo Analytics

Legal name

Lumo Analytics

Website

https://lumoanalytics.com

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

1–10 employees

Short description

Lumo Analytics is a Finnish deep-tech company (founded 2021, Helsinki) that built a compact Laser-Induced Breakdown Spectroscopy scanner for detecting light elements and rare earth elements in drill cores at mining sites. It was acquired by GeologicAI in December 2025.

Ownership category

akta.pro rank

Product category

Industrial Spectroscopy Equipment

NAICS

Support Activities for Mining (213), Support Activities for Metal Mining (213114)

SIC

Laboratory Analytical Instruments (3826)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Drill core analysis
• LIBS spectroscopy scanners
• Rare earth element detection
• Mining sensor technology
• Geometallurgical analysis

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels1 record

Core offering

Lumo Analytics provides a compact Laser-Induced Breakdown Spectroscopy (LIBS) scanner for conducting elemental and mineral analysis on drill cores directly at mining sites and core sheds. The technology enables near-real-time ore characterization, geometallurgical domaining, and ore-waste discrimination, with particular focus on detecting rare earth elements (REEs) and light elements for the critical minerals industry. Following its 2025 acquisition by GeologicAI, the LIBS scanner is now distributed as an embedded component of GeologicAI's integrated multi-sensor Resource Knowledge Systems (RKS) platform.

Product overview

Lumo Analytics was a Finnish company that provided compact Laser-Induced Breakdown Spectroscopy (LIBS) scanner technology for detecting light elements and rare earth elements (REEs) in the mining sector. Following its acquisition by GeologicAI in December 2025, the LIBS technology was integrated into GeologicAI's Resource Knowledge Systems (RKS) platform, combining with existing multi-sensor capabilities including RGB, XRF, hyperspectral, and LiDAR to create a comprehensive integrated sensor suite for ore characterization, geometallurgical domaining, and ore-waste discrimination in the critical minerals industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Compact LIBS Scanner A compact Laser-Induced Breakdown Spectroscopy (LIBS) scanner designed for field-tested drill core analysis at mining sites, enabling near-real-time detection of light elements and rare earth elements (REEs). The scanner is integrated into GeologicAI's Resource Knowledge Systems (RKS) platform for use by critical minerals mining operators requiring ore characterization, geometallurgical domaining, and ore-waste discrimination.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Corescan: Hyperspectral core scanning services for mineral exploration and geometallurgy. Competes with the integrated sensor suite in drill-core analysis workflows and serves overlapping mining customers.
• GeologicAI: The acquirer and now-integrated platform host for Lumo's LIBS technology. Operates the same core scanning and logging workflow for critical minerals, and now bundles LIBS alongside RGB, XRF, hyperspectral, and LiDAR — the most directly comparable offering to what Lumo contributed.
• Minalyzer CS: Minalyze's commercial core scanner product; functionally similar to Lumo's compact LIBS in delivering field-deployed elemental analysis of drill cores for mining clients.
• Minalyze: Provides drill-core scanning (XRF + other sensors) and digital core logging software for mining exploration. Directly comparable in delivering automated elemental and mineralogical analysis on drill cores.

Broad incumbents

• Bruker: Major analytical instrument vendor offering XRF, LIBS, and XRD systems used in mining and materials analysis. A broader incumbent that overlaps with Lumo's elemental-analysis use case across a much wider portfolio.
• Thermo Fisher Scientific: Global analytical instrument provider with mining-relevant spectrometers and laboratory information systems. Overlaps with Lumo on elemental analysis workflows but serves a much broader industrial base.
• Evident (Olympus Industrial): Supplies handheld and portable XRF and LIBS analyzers used in mining and metals. Competes with Lumo's field-deployable LIBS value proposition via established portable analyzer lines.
• Malvern Panalytical: Offers XRD, XRF, and laser diffraction systems for mining and mineral processing. Adjacent competitor in elemental and mineralogical characterization of ores.
• Hitachi High-Tech Analytical Science: Provides XRF, OES, and LIBS analyzers widely used in mining and metals. Overlaps on field-portable elemental analysis for mining operators.

Emerging players

• SciAps: Specialist in handheld LIBS and XRF analyzers, including mining, geochemistry, and REE applications. Closest portable LIBS competitor to Lumo's drill-core focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Lumo Analytics