Founded in 2019 by Jason Lango and Juan Alonso, Luminary has over 33 clients across the automotive, aerospace, defense, and industrial equipment sectors. The company recently raised $15 million in equity and $100 million in debt from Sutter Hill, which will be used to expand its sales organization and product capabilities. The San Francisco-based startup, which currently has 73 employees, plans to increase its team to 80 by the end of the year.
Key takeaways:
- Luminary Cloud, a startup building a platform to run engineering simulations, uses the cloud and GPUs to perform product simulation and analysis cycles in minutes, rather than weeks, according to CEO Jason Lango.
- The platform offers an AI assistant, Lumi AI, that automatically handles tasks like mesh generation, and aims to eventually provide suggestions for how and where to make modifications to improve and optimize designs.
- Luminary doesn't charge for a license or subscription fee, instead, customers pay for simulation and analysis in dollars per minute of GPU usage.
- Luminary recently raised $15 million in equity and $100 million in debt from Sutter Hill, which it plans to use for expanding its sales organization and product capabilities.