PANews reported on December 6 that according to 36kr's Intelligent Emergence, Luma AI, a Silicon Valley AI vision company, announced that it has completed a $90 million financing round. Investors include Amazon, AMD, Hanwha Group, etc., and it has also received continued support from old shareholders such as A16Z. The funds will be mainly used to accelerate the development of basic models and products for visual AI.
Luma AI completed a $43 million Series B financing in January this year, with A16Z as the investor. Prior to this, Luma AI received a $20 million Series A financing in March 2023, with investors including Amplify Partners and NVIDIA.
Founded in 2021, Luma AI focuses on video, 3D, and image generation technologies. The Dream Machine AI creative platform launched in November this year integrates functions such as text-generated images and image-generated videos, and features powerful image generation and language understanding capabilities. Users can generate high-quality designs through simple text instructions. Luma AI has now become one of the few AI startups that has deployed video, image, and 3D multimodal fields. Its self-developed models Dream Machine and Genie lead the industry in generation speed and quality. By providing APIs and subscription services, Luma AI continues to work hard on commercialization and is committed to promoting the popularization and development of AI vision technology.
