Luma's first model, Genie, allows users to generate interactive 3D assets from text prompts. The startup aims to create more sophisticated models with enhanced vision capabilities. Despite competition from other startups and established companies, Luma believes its 3D models will stand out due to their superior fidelity. The company plans to expand its team and continue developing its GPU cluster.
Key takeaways:
- Luma AI Inc., a computer vision startup, has raised $43 million in a Series B funding round led by Andreessen Horowitz, with participation from Amplify, Matrix, Nvidia Corp., and several unnamed angel investors.
- The company is developing generative AI models that can create 3D objects from text descriptions. Its first model, Genie, allows users to generate interactive 3D assets using text prompts.
- Luma's co-founders, Alex Yu and Amit Jain, have backgrounds in AI research and multimedia experiences respectively. The company also boasts a chief scientist, Jiaming Song, who is a pioneer of diffusion models.
- The startup plans to use the funding to expand its team and continue developing its cluster of Nvidia GPUs. It aims to double its current 24-person workforce by the end of next year.