StoryFunding
Luma AI closes $900M Series C led by HUMAIN to train Ray3 on Saudi supercluster
Luma AI raised $900M in Series C funding led by HUMAIN, a PIF-backed company, valuing Luma at $4B. The round includes participation from AMD Ventures and existing investors Andreessen Horowitz, Amplify Partners and Matrix Partners. The capital accelerates training of Ray3 multimodal models on Project Halo, a 2 GW supercluster in Saudi Arabia, one of the world's largest compute buildouts for AI.