Takeaways by Saasverse AI
- Luma AI | Series C | $900 Million | Multimodal AI and Video Generation.
- Led by HUMAIN, with participation from AMD Ventures, Andreessen Horowitz, Amplify Partners, and Matrix Partners.
- Plans to build a "Project Halo" supercluster for multimodal AI, while advancing video and image generation technologies like Ray3 and Photon.
Luma AI, a leading innovator in multimodal artificial intelligence, has raised an impressive $900 million in a Series C funding round, pushing its valuation past the $4 billion mark. The funding was spearheaded by HUMAIN, a prominent Saudi AI company, with additional support from AMD Ventures, Andreessen Horowitz, Amplify Partners, and Matrix Partners. This capital injection solidifies Luma AI’s position as a pioneer in multimodal AI, furthering its ambition to shape the future of artificial general intelligence (AGI).
The company’s groundbreaking flagship product, Ray3, is the world’s first-ever video inference model capable of generating dynamic, lifelike 16-bit HDR video content. By simply uploading images and providing animation instructions—such as directional cues marked visually on photos—users can create high-quality videos effortlessly. Complementing Ray3 is Luma's Photon series, which delivers unparalleled efficiency in image generation, producing superior quality outputs at just one-tenth the cost of competing solutions. These innovations have already been adopted by Fortune 500 giants, particularly in media, entertainment, and advertising.
Luma AI’s ambitions extend far beyond product development. The company has announced "Project Halo," an ambitious collaboration with HUMAIN to construct a 2GW compute supercluster dedicated to training and deploying large-scale multimodal AI models. Deployment is set to begin in Q1 2026, with completion expected by 2028-2029. This infrastructure, designed for petabyte-scale data training, underscores Luma's commitment to advancing AGI by leveraging real-world data as its training foundation.
The company’s origins and talent pool are equally impressive. Luma AI’s team includes inventors of foundational multimodal AI technologies, including NeRF for 3D content generation and DDIM for accelerated image synthesis. The recent funding will empower the company to push the boundaries of petabyte-level data training while exploring opportunities in the robotics AI software space. Notably, Adobe recently integrated Luma’s Ray3 technology into its Firefly AI design suite in September, a testament to the practical application and growing demand for Luma’s innovations.
“ Luma AI is not just raising capital; it’s fundamentally redefining how multimodal AI intersects with industries like media, robotics, and cloud computing. Its partnership with HUMAIN to build Project Halo positions the company as a key enabler of AGI development at scale, while its product portfolio demonstrates immediate commercial impact. This dual focus on infrastructure and application could set new industry benchmarks.” Saasverse Analyst comments
Saasverse Insights
Luma AI’s trajectory highlights the accelerating trend toward multimodal AI as a cornerstone of AGI development. The strategic investment in a supercluster and the focus on petabyte-scale data training suggests that computational capacity and data diversity will define the next wave of AI innovation. Moreover, its partnerships and industry adoption are indicative of a broader shift where enterprises are increasingly integrating AI-native tools into core workflows. This creates opportunities for startups and established players alike to innovate in adjacent areas like cloud AI optimization, content creation, and robotics. However, the competitive landscape will tighten, as other major players may intensify efforts to capture this rapidly expanding space.