- Companies
- Lumafield
Lumafield Funding, Investors & Competitors
Lumafield has raised $143M across 3 funding rounds, most recently a $75M Series C in March 2025.
Last Lumafield funding round
$75M
Series C · Mar 2025
Cumulative funding Lumafield raised
$143M
across 3 funding rounds
Key investors in Lumafield
Kleiner Perkins
Lux Capital
Spark Capital
Alumni Ventures
DCVC
IVP
Wellington Management
G2 Venture Partners
About Lumafield
Lumafield is an Ann Arbor, Michigan-headquartered provider of industrial CT scanning systems for quality assurance in manufacturing. The Neptune desktop scanner images parts up to 30 cm in diameter at 50-micron resolution. Voyager software performs AI-driven defect detection like voids and cracks in 3D models. Triton delivers sub-minute scans for production lines handling automotive components. Lumafield serves aerospace firms like GE Aviation and electronics manufacturers. Founded in 2020, the company raised $16 million in Series A funding.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Lumafield Funding History
Lumafield has raised a total of $143M across 3 funding rounds.
Lumafield's first fundraising round was a $33M undisclosed-stage round in April 2022. The most recent completed round was a $75M Series C in March 2025.
Lumafield funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2025 | Series C | Alumni Ventures (lead); IVP (lead); Wellington Management; Kleiner Perkins; Spark Capital; Lux Capital; G2 Venture Partners; DCVC; Matter Venture Partners | $75M | Lumafield is a Cambridge, Massachusetts-based developer of industrial X-ray CT (computed tomography) technology founded in 2019. The company offers hardware and software solutions including Neptune (an industrial X-ray CT scanner for developers and quality labs), Voyager (cloud-based analysis software), and Triton (a factory-ready inspection platform for high-volume production). Its technology enables non-destructive inspection of manufactured products to detect design and production flaws before they escalate into recalls or failures, serving industries including medical devices, automotive, aerospace, consumer goods, and battery manufacturing. In March 2025, Lumafield closed a $75 million Series C funding round led by IVP. Additional investors included new backers G2 Venture Partners and Wellington Management, alongside existing investors Spark Capital, DCVC, Kleiner Perkins, Lux Capital, and Matter Venture Partners. The round solidified the company's position as a leader in advanced manufacturing inspection technology. The company reported generating greater than $10 million in recurring revenue, with 97% of its scanners deployed in North America and a small presence in Europe (Sweden, Denmark, and the UK). Lumafield had tripled its annual recurring revenue (ARR) in each of the preceding two years, demonstrating strong market traction. The Series C funding was designated to accelerate deployment of industrial CT scanners, expand factory-ready applications, scale manufacturing operations, and develop next-generation products. The company appointed Bill Cronin as Head of Revenue in tandem with the round; Cronin had previously led revenue growth at Xometry from $2 million to over $450 million in annual sales prior to its IPO. Lumafield signaled that future fundraises would be opportunistic and described an eventual IPO as aspirational but not imminent. |
| Sep 2022 | Series B | Spark Capital (lead); Kleiner Perkins; Lux Capital; Future Shape; DataCollective | $35M | Lumafield, a Cambridge, MA-based developer of accessible desktop X-ray CT scanners with AI-driven analysis tools, emerged from stealth with its $35 million Series B funding round announced on September 12, 2022, bringing total equity raised to $67.5 million including prior $32.5 million in seed and Series A rounds. Spark Capital led the round with participation from existing investors Lux Capital, Kleiner Perkins (also listed as DataCollective or DCVC), and Future Shape. The funding supported major product upgrades like AI-driven performance breakthroughs for engineering applications in manufacturing, from cosmetics packaging to bike parts, enabling non-destructive inspection and quantitative data generation. The announcement coincided with new board appointments: Victoria Holt, former CEO of Protolabs and current director at Waste Management, A.O. Smith, and Piper Sandler; and Santo Politi, Spark Capital co-founder who led the round and whose prior investments include Oculus, Twitter, Wayfair, and Plaid. CEO Eduardo Torrealba highlighted investor support for achieving 'CT ubiquity' to transform engineering workflows across industries. Post-Series B, Lumafield continued growth with a $75 million Series C in March 2025 led by IVP, participation from G2 Venture Partners, Wellington Management, Spark Capital, DCVC, Kleiner Perkins, Lux Capital, and Matter Venture Partners, and a $50 million non-dilutive growth capital debt facility from Silicon Valley Bank in November 2025, reflecting strong revenue trajectory, unit economics, recurring software revenue, and hardware backlog, bringing total capital accessed over $190 million. |
| Apr 2022 | Undisclosed stage | - | $33M | Lumafield develops accessible industrial X-ray CT technology, including scanners like Neptune for product development and labs, Voyager cloud-based analysis software, and Triton for high-volume factory inspection, serving industries such as medical devices, consumer goods, automotive, and battery manufacturing. Lumafield's technology provides non-destructive, high-resolution inspection and quantitative data to revolutionize product creation, manufacturing, and use. The company emerged from stealth with its $35 million Series B funding round announced on September 12, 2022, led by Spark Capital with participation from Lux Capital, Kleiner Perkins, DCVC, and Future Shape, bringing total funding at that time to $67.5 million including $32.5 million combined Seed and Series A rounds from 2019-2020. The Series B funding supported major product upgrades, AI-driven performance breakthroughs, and new board appointments, aiming to advance CT ubiquity for engineers across applications from cosmetics packaging to bike parts. Subsequent developments include a $75 million Series C in March 2025 led by IVP with G2 Venture Partners, Wellington Management, and existing investors, to accelerate factory applications and next-generation CT solutions; the company reported tripling ARR in each of the last two years prior to that round (2023-2025), appointing Bill Cronin as Head of Revenue. In November 2025, Lumafield secured a $50 million non-dilutive growth capital facility from Silicon Valley Bank to scale CT scanner deployment amid strong demand, bringing total capital accessed over $190 million. |
Who has invested in Lumafield?
11 investors have backed Lumafield across its funding rounds, including Kleiner Perkins, Lux Capital, Spark Capital, Alumni Ventures, DCVC and IVP.
Lead investors include Alumni Ventures, IVP and Spark Capital.
Lumafield Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2022 | ||
| 2 | Lead | Sep 2022 | ||
| 2 | Participant | Sep 2022 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Participant | Sep 2022 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Participant | Mar 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLumafield Competitors
Lumafield competitors include listed companies like Octave Intelligence and Geovis, and private ones like Celonis, Uptake Technologies, Temporal Technologies and Certus Core.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $13B | 32.5x | ||
| Private | $100M | - | $2.3B | 23.0x | ||
| Publicly listed | $1.6B | $530M | $5B | 3.3x | ||
| Private | $250M | - | $13B | 50.2x | ||
| Publicly listed | $399M | $44M | $3.6B | 8.4x | ||
| Private | - | - | $3.4B | - |
Lumafield Public Comps
Lumafield is still privately-owned, but its public comps include Palantir, ServiceNow, Keyence, Datadog, Cadence Design Systems, RELX, Keysight, Strategy, Autodesk and Constellation Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $7.5B | $4.1B | 14.5x | 13.2x | 26.6x | 24.5x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $5.3B | $1.8B | 14.8x | 13.0x | 44.3x | 27.3x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $5.4B | $1.4B | 10.5x | 8.2x | 41.8x | 24.1x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
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Common questions about Lumafield
| When was Lumafield founded? | Lumafield was founded in 2019. |
| Where is Lumafield headquartered? | Lumafield is headquartered in United States. |
| Is Lumafield publicly listed? | No, Lumafield is a private, VC-backed company. |
| How much funding has Lumafield raised? | Lumafield has raised $143M across 3 funding rounds. |
| What was Lumafield's last funding round? | Lumafield's last funding round was a $75M Series C in March 2025, led by Alumni Ventures and IVP. |
| Who are Lumafield's investors? | Lumafield's investors include Kleiner Perkins, Spark Capital, Lux Capital, Wellington Management, IVP, Future Shape, G2 Venture Partners, Alumni Ventures, DCVC, DataCollective and 1 other. |
| Which companies are comparable to Lumafield? | Companies comparable to Lumafield include Celonis, Uptake Technologies, Octave Intelligence, Temporal Technologies, Geovis and Certus Core. |
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