- Companies
- Luma AI
Luma AI Revenue, Valuation, Funding & Investors
Luma AI is valued at $4B as of November 2025.
Last Luma AI valuation
$4B
Series C · Nov 2025
Last Luma AI funding round
$900M
Series C · Nov 2025
Luma AI revenue
$50M
Series B · Jan 2024
Key investors in Luma AI
Matrix Partners
Amplify Partners
Andreessen Horowitz
South Park Commons
NVIDIA
Andreas Klinger
About Luma AI
Luma AI is a generative AI company behind the Dream Machine platform, which creates photorealistic videos from text, image, or video inputs. Founded in 2021 and headquartered in Palo Alto, California, its models process multimodal data for physics-aware animations. Available via web app, iOS, and API, Luma serves advertising, gaming, and film production with enterprise-grade security.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Usage-based
Revenue
$50M (Jan 2024)
Valuation
$4B (Nov 2025)
Luma AI Valuation
Luma AI is currently valued at $4B, based on its Series C in November 2025.
The $900M round was led by HUMAIN, with participation from Omniva, Matrix Partners, Andreessen Horowitz, AMD Ventures and Amplify Partners.
Luma AI's valuation has grown 8.0x from $500M at its Series B in January 2024 to $4B in November 2025, across 2 priced rounds.
Luma AI valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2025 | Series C | $4B | - |
| Jan 2024 | Series B | $500M | 10.0x |
Luma AI Revenue
Luma AI's latest recorded revenue is $50M, as of its Series B in January 2024. At a $500M valuation, that implies a 10.0x revenue multiple.
Luma AI revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2024 | $50M | $500M | 10.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Luma AI Funding History
Luma AI has raised a total of $1.1B across 5 funding rounds.
Luma AI's first fundraising round was a $4M seed round in October 2021. The most recent completed round was a $900M Series C in November 2025.
Luma AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series C | HUMAIN (lead); Omniva; Matrix Partners; Andreessen Horowitz; AMD Ventures; Amplify Partners | $900M | $4B | Luma AI, a San Francisco-based AI company founded in 2021, develops multimodal AGI focused on video generation and 3D capture technologies, including its Dream Machine platform with Ray3 model for photorealistic video from text or image prompts. The company raised $900 million in a Series C round on November 19, 2025, led by HUMAIN with participation from AMD Ventures, Andreessen Horowitz, Amplify Partners, and Matrix Partners, achieving a $4 billion valuation. This funding pairs with HUMAIN's 2GW AI supercluster in Saudi Arabia, Project Halo, to train world models and accelerate multimodal intelligence development. The round underscores investor confidence in Luma AI's technical advancements, positioning it competitively against models like OpenAI’s Sora 2 and Google’s Veo 3 in visual content generation. Funds will support scaling operations, product development, market expansion, and infrastructure investments. The partnership includes HUMAIN Create for AI models trained on Arabic and regional data, aiding MENA enterprises and governments. This capital-intensive domain requires significant compute resources, with HUMAIN providing frontier infrastructure to enable training on vast multimodal datasets, potentially spanning trillion-dollar opportunities in entertainment, marketing, education, robotics, and world understanding. |
| Dec 2024 | Series B | Hanwha; Amazon; AMD; Matrix Partners; Andreessen Horowitz; Amplify Partners; Factorial Funds | $90M | - | Luma AI, founded in 2021 and headquartered in Palo Alto or San Francisco, CA, develops generative AI technologies focused on video, 3D, and image generation. Its flagship Dream Machine platform, launched in November 2024, enables photorealistic video generation from text or image prompts, integrating advanced models like Ray3 with strong capabilities in image generation and language understanding. The company provides APIs and subscription services to creators, artists, studios, and agencies, monetizing through tiered plans including a $30/month unlimited tier for regular content creation and custom enterprise implementations. On December 6, 2024, Luma AI raised $90 million in a Series C funding round (its first Series C tranche), with participation from Amazon, AMD, Factorial Funds, Hanwha, and returning investors Andreessen Horowitz (a16z), Amplify Partners, and Matrix Partners, among others like LDV Capital. This brought total funding to approximately $157 million, following a $43 million Series B in January 2024 led by a16z and a $20 million Series A in March 2023 with Amplify and NVIDIA. The funds supported acceleration of visual AI foundation models and products, including the Dream Machine rollout, amid a prior Series B valuation of $200-300 million. Sacra estimates Luma AI achieved $8 million in annualized revenue as of December 2024, driven by its subscription model post-Dream Machine launch. Costs are dominated by GPU compute, with API pricing around $0.35 per 5-second 720p clip. A later Series C extension in November 2025 raised $900 million at ~$4 billion valuation led by HUMAIN, after seeking $1.1 billion at $3.2 billion in August 2025. |
| Jan 2024 | Series B | Andreessen Horowitz (lead); NVIDIA; Matrix Partners; Amplify Partners; South Park Commons | $43M | $500M | Luma AI raised $43 million in a Series B funding round led by Andreessen Horowitz, with participation from Amplify Partners, Matrix Partners, NVIDIA, and South Park Commons, achieving a post-money valuation of $500 million. The company develops AI models like Dream Machine for text-to-video generation with cinematic quality at 24 FPS, producing videos up to 10 seconds. This round provided a 24-month runway, supporting a 120-person team, $10 million in H1 2024 marketing spend, and $5 million in GPU infrastructure. Luma AI projected $50 million in annual recurring revenue (ARR) for 2024, with 70% from paid subscribers, partnerships with over 50 Fortune 500 companies, 65% gross margins, $25 customer acquisition cost, and $300 lifetime value per subscriber. Revenue growth reached 500% quarter-over-quarter in Q2 2024, and burn rate was reduced to $2 million per month post-launch. Early seed investors saw a 3x ROI. The Series B built on prior funding, positioning Luma AI in the generative AI video space amid competition. Later developments included a $900 million Series C in November 2025 led by HUMAIN, with Andreessen Horowitz, Amplify Partners, and Matrix Partners participating, tied to a 2-gigawatt AI supercluster in Saudi Arabia for multimodal AGI advancements like world models for entertainment, marketing, robotics, and simulation. Sacra estimated $8 million annualized revenue as of December 2024, primarily from subscriptions, enterprise licensing, and API access. |
| Mar 2023 | Series A | Amplify Partners (lead); NVIDIA; General Catalyst; Matrix Partners; Andreas Klinger; South Park Commons | $20M | - | - |
| Oct 2021 | Seed | Matrix Partners (lead); Context Ventures; Amplify Partners; Andreas Klinger; South Park Commons | $4M | - | Luma AI raised $4 million in a seed funding round in October 2021. The investors included Amplify Partners, with Matrix as the lead investor. |
Who has invested in Luma AI?
15 investors have backed Luma AI across its funding rounds, including Matrix Partners, Amplify Partners, Andreessen Horowitz, South Park Commons, NVIDIA and Andreas Klinger.
Lead investors include HUMAIN, Andreessen Horowitz, Amplify Partners and Matrix Partners.
Luma AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Oct 2021 | ||
| 5 | Lead | Oct 2021 | ||
| 3 | Lead | Jan 2024 | ||
| 3 | Participant | Oct 2021 | ||
| 2 | Participant | Mar 2023 | ||
| 2 | Participant | Oct 2021 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Lead | Nov 2025 | ||
This data is available for Pro users. Sign up to see all 15 Luma AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLuma AI Competitors
Luma AI competitors include listed companies like Presight AI and China Literature, and private ones like Runway, Higgsfield, Fal and Black Forest Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $300M | - | $5.3B | 17.7x | ||
| Private | $400M | - | $5.4B | 13.5x | ||
| Private | $200M | - | $4.5B | 22.5x | ||
| Private | $96M | - | $3.3B | 33.9x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Publicly listed | $1.1B | ($85M) | $2.4B | 1.2x |
Luma AI Public Comps
Luma AI is still privately-owned, but its public comps include Banijay Group, Toei Animation, FUJI Media Holdings, Oriental Pearl Group, China Film Group, ITV plc, Lionsgate Studios, Canal+, Nippon Television and Enlight Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.6B | $954M | 2.0x | 1.7x | 11.7x | 8.9x | |||
| $602M | $218M | 5.8x | 5.6x | 16.1x | 17.3x | |||
| $3.5B | $386M | 2.0x | 1.9x | 18.5x | 32.5x | |||
| $1.1B | $296M | 3.2x | 3.2x | 12.2x | 12.6x | |||
| $721M | $70M | 3.3x | 3.2x | 33.9x | 23.7x | |||
| $4.7B | $596M | 0.9x | 0.9x | 7.3x | 5.7x | |||
| $2.6B | $1.1B | 2.7x | 2.4x | 6.3x | 22.8x | |||
| $8B | $749M | 0.8x | 0.7x | 8.7x | 5.8x | |||
This data is available for Pro users. Sign up to see all Luma AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Luma AI
| When was Luma AI founded? | Luma AI was founded in 2021. |
| Where is Luma AI headquartered? | Luma AI is headquartered in San Francisco, CA, United States. |
| Is Luma AI publicly listed? | No, Luma AI is a private, VC-backed company. |
| What is Luma AI's valuation? | Luma AI was last valued at $4B in its Series C in November 2025. |
| How much funding has Luma AI raised? | Luma AI has raised $1.1B across 5 funding rounds. |
| What was Luma AI's last funding round? | Luma AI's last funding round was a $900M Series C in November 2025, led by HUMAIN. |
| Who are Luma AI's investors? | Luma AI's investors include Matrix Partners, Amplify Partners, Andreessen Horowitz, South Park Commons, NVIDIA, Andreas Klinger, Hanwha, General Catalyst, Omniva, Context Ventures and 5 others. |
| What is Luma AI's revenue? | Luma AI's latest recorded revenue is $50M (January 2024). |
| What is Luma AI's revenue multiple? | Luma AI's latest valuation implies a 10.0x revenue multiple ($500M valuation on $50M of revenue). |
| Which companies are comparable to Luma AI? | Companies comparable to Luma AI include Runway, Higgsfield, Fal, Black Forest Labs, Presight AI and China Literature. |
See companies similar to Luma AI
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




