Amazon helps transmit $12.5m to Luma

Apr 12, 2016 • Robert Lavine

Luma will begin shipping its Surround Wifi systems in June, having raised series A funding from investors including Amazon Alexa Fund.

US-based wifi technology startup Luma has secured $12.5m in a series A round led by venture capital firm Accel Partners that included a “significant investment” from e-commerce firm Amazon’s Alexa Fund.

The round also included Felicis Ventures, Base Ventures, BIP Capital, Relay Ventures, Webb Investment Network, 500 Startups and David Dorman, the former CEO of telecommunications company AT&T.

Founded in 2014, Luma claims its Surround WiFi technology, which incorporates cybersecurity and parental controls, is the highest performing home wifi system…

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