Luminary Cloud Raises $115 Million in Funding

Luminary Cloud Raises $115 Million in Funding

Luminary Cloud, a San Mateo, CA-based technology startup that focuses on high-performance computing in the enterprise industrial R&D sector, has officially launched out of stealth with $115 million in funding.

The round was led by Sutter Hill Ventures.

Founded in 1962, Sutter Hill Ventures is a venture capital investment firm based in Palo Alto, California that focuses on early-stage companies and long-term commitments. The firm prefers to invest in companies operating in the computer technology, healthcare, software, telecommunication, and consumer sectors.

Founded by Jason Lango and Juan Alonso, Luminary Cloud is a company that offers a computer-aided engineering (CAE) SaaS platform aimed at empowering smarter and faster design cycles for engineers. Luminary's platform enables engineers to develop better products in a fraction of the time by leveraging high-fidelity simulations. Luminary's AI-based engineering design copilot, Lumi AI, enhances the user experience by automating manual processes such as mesh generation. Customers span industries from cutting-edge electric vertical take-off and landing (eVTOL) aircraft to leading sporting equipment providers, including Joby Aviation, Piper Aircraft, Trek Bikes, and Cobra Golf (a subsidiary of Puma).

Funding Details

Company: Luminary Cloud, Inc.

Raised: $115.0M

Round: Unknown

Funding Month: March 2024

Lead Investors: Sutter Hill Ventures

Additional Investors:

Company Website: https://www.luminarycloud.com/

Software Category: Computer-Aided Engineering (CAE) Software