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Luma AI secures $900 M funding as generative AI race intensifies
Luma AI raises $900 M (total funding $1.
Startup Luma AI raised $900 million in a Series C round as it expands its photorealistic image and video generation capabilities, backed by AMD Ventures, Andreessen Horowitz and others. The investment brings total equity funding to $1.1 billion and underscores the escalating competition in generative-AI infrastructure. Luma plans to scale hardware deployments, deepen compute partnerships and launch enterprise-grade use cases targeting media, gaming and industrial design sectors.