Tech company Lumanorth set to double in size

The international tech market may be showing signs of change and contraction, but here in the UK and the northeast the picture looks very different. Lumanorth, the ‘newcomer’ tech company, based in Newcastle, which opened its doors less than six months ago, is doubling the size of its team, having secured a number of prestigious account wins.

The company was founded by long-term business partners Dinesh Kumar and Richard Coates, both renowned tech experts in the region, having launched and successfully developed a number of augmented reality (AR), virtual reality (VR) and gaming companies.

Their latest venture builds on their combined 40year expertise, bringing a broader offering to clients, including immersive reality, digitisation and visualisation. Plus additional services through strategic partnerships.

Lumanorth, which specialises in hybrid technology solutions, has seen huge demand for its tech expertise from both tech-based companies seeking expert support and from non-tech-based companies seeking new and innovative ways to develop their business by introducing new technology.

In the last few months the company has secured its first international client, a renowned global games developer, Rude Robots Studios, based in Singapore, which the company supports with the development of their new game Nyan Heroes.

It has also established several key business partnerships, including one with leading UK tech company hedgehog Lab, with a focus on immersive reality (XR) projects, and a raft of digitisation and visualisation projects for regional SME’s.

Sarat Pediredla, CEO and founder of hedgehog lab, said: “Having worked with Richard and Dinesh previously we were aware of their capabilities. Their professionalism, due diligence in tech design and ability to deliver truly innovative solutions are characteristics shared with hedgehog Lab, so when the opportunity arose to collaborate, it made a lot of sense.

“We’re known for our pioneering app and software development — partnering with Lumanorth compliments our services and presents many exciting future opportunities for both companies and our clients.”

To keep pace with the increased demand, Lumanorth has quadrupled its team size to eight, moved to larger premises within the Toffee Factory, Newcastle, and is planning for double-digit growth in 2023. Richard Coates, managing director, commented, “It’s been an incredible first six months.

“Thanks to our team, partners and increasing market demand, we’ve been able to fast track our growth and now have a secure client base and full sales pipeline well into 2023. The northeast tech sector is really booming and is a beacon of innovation. We’re glad to be part of that and to work collaboratively with other tech companies to explore some of the exciting opportunities that lie ahead.”

By Mark Adair – Correspondent, Bdaily

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