PANews reported on December 6 that according to a report from 36kr's Intelligent Emergence, the American Silicon Valley AI vision company Luma AI announced the completion of a $90 million financing round, with investors including Amazon, AMD, and the Hanwha Group, as well as continued support from existing shareholders such as a16z. The funds will be mainly used to accelerate the development of visual AI basic models and products.
Luma AI previously completed a $43 million Series B financing round in January this year, with a16z as the investor. Prior to that, Luma AI received a $20 million Series A financing in March 2023, with investors including Amplify Partners and NVIDIA.
Luma AI was founded in 2021 and is focused on video, 3D and image generation technology. In November this year, its launched the Dream Machine AI creative platform, which integrates functions such as text-to-image and image-to-video, with powerful image generation and language understanding capabilities as its highlights, allowing users to generate high-quality designs through simple text instructions. Luma AI has now become one of the few AI startups that have layout in the video, image and 3D multimodal fields, and its self-developed models Dream Machine and Genie are leading the industry in terms of generation speed and quality. By providing API and subscription services, Luma AI is continuously working on commercialization, committed to promoting the popularization and development of AI visual technology.
