positive
Luma AI secures $900 M Series C to accelerate multimodal AGI push
Luma AI, a Palo Alto startup, raised $900 million in a Series C round led by HUMAIN and backed by the Public Investment Fund, as it steps up development of multimodal artificial general intelligence systems capable of understanding and simulating the physical world. The funding follows a surge in interest in compute heavy AI infrastructure and positions Luma as a key contender in the race for next-gen models. It plans to expand teams, scale compute clusters and deepen hardware partnerships.
Companies:
- Luma AI
- HUMAIN
- Public Investment Fund
Tags:
- AI
- startup
Explore:Mutual Fund AI Screening
positive
Luma AI secures $900 M Series C to accelerate multimodal AGI push
Luma AI, a Palo Alto startup, raised $900 million in a Series C round led by HUMAIN and backed by the Public Investment Fund, as it steps up development of multimodal artificial general intelligence systems capable of understanding and simulating the physical world. The funding follows a surge in interest in compute heavy AI infrastructure and positions Luma as a key contender in the race for next-gen models. It plans to expand teams, scale compute clusters and deepen hardware partnerships.
Companies:
- Luma AI
- HUMAIN
- Public Investment Fund
Tags:
- AI
- startup
Explore:Mutual Fund AI Screening
1 min read
80 words
Luma AI raised $900 M to expand its multimodal AGI efforts across vision, audio and physical simulation.
Luma AI, a Palo Alto startup, raised $900 million in a Series C round led by HUMAIN and backed by the Public Investment Fund, as it steps up development of multimodal artificial general intelligence systems capable of understanding and simulating the physical world. The funding follows a surge in interest in compute heavy AI infrastructure and positions Luma as a key contender in the race for next-gen models. It plans to expand teams, scale compute clusters and deepen hardware partnerships.
Luma AI, a Palo Alto startup, raised $900 million in a Series C round led by HUMAIN and backed by the Public Investment Fund, as it steps up development of multimodal artificial general intelligence systems capable of understanding and simulating the physical world. The funding follows a surge in interest in compute heavy AI infrastructure and positions Luma as a key contender in the race for next-gen models. It plans to expand teams, scale compute clusters and deepen hardware partnerships.
Companies:
- Luma AI
- HUMAIN
- Public Investment Fund
Tags:
- AI
- startup
- AI
- startup
- funding
- multimodal AI