To fund this vision, Luma has raised $43 million in a Series B round, valuing the company between $200 million and $300 million. The company plans to double its 24-person workforce by the end of next year and is working on a model-running server cluster of "thousands" of GPUs. Despite the competition in the 3D model-creating AI models space, Luma aims to stand out through fidelity, promising to bring about the most advanced generative photorealistic technologies in an intuitive app.
Key takeaways:
- Alex Yu and Amit Jain's company, Luma, is planning to leverage a compute cluster of approximately 3,000 Nvidia A100 GPUs to train new AI models that can interact with the world.
- Luma has raised $43 million in a Series B round, valuing the company between $200 million and $300 million. The company's total funding now exceeds $70 million.
- The company's current focus is on creating AI models that can generate 3D objects from text descriptions, a competitive space with other platforms and startups also developing similar technologies.
- Luma plans to double its 24-person workforce by the end of next year and is working on a server cluster of "thousands" of GPUs to run its models.