Newforma Acquires Lumi AI for Project Data Analytics

Newforma acquired Lumi AI, a Toronto company that provides natural language analytics, according to a company announcement. Financial terms were not disclosed.

Lumi AI's engine answers questions across operational data, asks for clarification when a request is unclear, explains its reasoning and flags data quality problems. Newforma plans to integrate the technology into its platforms, initially covering project records such as requests for information, submittals, issues and communications.

The engine will extend Vojo, Newforma's AI assistant, and add analytics to Newforma Konekt dashboards. Lumi AI cofounder and chief technology officer Tudor Boiangiu joins Newforma as vice president of AI engineering, while Lumi AI's engineering team will remain in Toronto.