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.
SaaS Investors
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.
About Luminary Cloud
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
Source: https://www.prnewswire.com/news-releases/luminary-cloud-emerges-from-stealth-empowering-rd-with-realtime-engineering-302087593.html