Lumitron Technologies Valuation, Funding & Investors

Lumitron Technologies is valued at $150M as of April 2020.

Last Lumitron Technologies valuation

$150M

Series A · Apr 2020

Last Lumitron Technologies funding round

$70M

Undisclosed stage · Sep 2026

Cumulative funding Lumitron Technologies raised

$179M

across 4 funding rounds

Key investors in Lumitron Technologies

  • Clinton Capital Partners
  • Perennial Partners
  • Vickers Venture Partners
  • ROTH Capital Partners
  • Allan Moss
  • Greyrock Investments

Lumitron Technologies Overview

About Lumitron Technologies

Lumitron Technologies is a developer of compact X-ray imaging systems based on Laser-Compton technology licensed from Lawrence Livermore National Laboratory and SLAC National Accelerator Laboratory. Headquartered in the United States, the company produces devices sized like CT scanners that deliver synchrotron-level resolution at lower cost for hospital diagnostics. Applications target tumor detection with ultra-low radiation doses and integrated precision radiotherapy during imaging.


Founded

2013

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$150M (Apr 2020)

Lumitron Technologies Valuation

Lumitron Technologies is currently valued at $150M, based on its Series A in April 2020.

The $34M round was led by Vickers Venture Partners, with participation from Clinton Capital Partners, ROTH Capital Partners and Perennial Partners.

Lumitron Technologies' valuation has grown 1.1x from $136M at its undisclosed-stage round in July 2018 to $150M in April 2020, across 2 priced rounds.

Lumitron Technologies valuation by funding round

Lumitron Technologies valuation by funding round
DateStageValuation
Apr 2020Series A$150M
Jul 2018Undisclosed stage$136M

Lumitron Technologies Funding History

Lumitron Technologies has raised a total of $179M across 4 funding rounds.

Lumitron Technologies' first fundraising round was a $25M undisclosed-stage round in July 2018. The most recent completed round was a $70M undisclosed-stage round in September 2026.

Lumitron Technologies funding rounds

Lumitron Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Undisclosed stageClinton Capital Partners$70M--
Jun 2026Strategic investmentHancock Prospecting (lead)$50M-Hancock Prospecting, led by Gina Rinehart, invested US$50 million in Lumitron Technologies on June 25, 2026, securing a strategic investor position and a board seat. The deal includes the right to increase the investment to US$100 million by the end of 2026. The funding supports the commercial scale-up and deployment of Lumitron’s HyperVIEW™ Very High Energy Electron (VHEE) beam and advanced X-ray technology platforms across cancer care, healthcare, mining, and industrial applications. Lumitron’s technology delivers X-rays with up to 1,000 times the resolution of conventional systems, enabling high-resolution imaging for mineral processing and cancer detection. The investment positions Hancock Prospecting as a strategic partner as Lumitron accelerates toward global commercialization, with three machines planned for deployment in Australia. This move follows Hancock Prospecting’s recent US$1 billion stake in SpaceX earlier in June 2026, reflecting its diversification into advanced technologies including artificial intelligence and medical imaging.
Apr 2020Series AVickers Venture Partners (lead); Clinton Capital Partners; ROTH Capital Partners; Perennial Partners$34M$150MLumitron Technologies is a US-based startup developing the HyperVIEW platform, which consists of laser-based, hyper-precision monochromatic X-ray systems offering up to 1,000 times higher resolution than conventional X-rays with significantly less radiation, applicable in research, medical diagnostics and therapy, industrial non-destructive imaging, 3D printing, mining, security, and semiconductor manufacturing. The technology originated from nearly 20 years of federally funded research at Lawrence Livermore National Laboratory totaling $220 million. On April 28, 2020, Lumitron closed a $34 million Series A funding round led by Vickers Venture Partners, with participation from Clinton Capital Partners, Perennial Partners (or Perennial Value Management), ROTH Capital Partners, and global family offices; investors took common stock with no preferred terms. The round, described as the founder's round, had an estimated $150 million pre-money valuation according to Orange County Business Journal, enabling the company to fast-track development of multiple systems for high-end university research, cancer diagnostics and therapy, and industrial applications, with plans to build first commercial systems in Q4 2020 amid strong interest from universities and government institutions. Lumitron, founded about seven years prior and based in Irvine, California, anticipates this as its final private round before pursuing public markets, leveraging Vickers' expertise in tech investments and IPOs.
Jul 2018Undisclosed stageGreyrock Investments; Steve Sargent; Allan Moss; John Egan$25M$136MLumitron Technologies develops advanced X-ray imaging systems like the HyperVIEW EBCS, offering 100x better resolution and lower radiation than CT scanners, based on technology from Lawrence Livermore National Laboratory, targeting medical, therapeutic, and industrial applications including cellular-level imaging for cancer treatment.

Who has invested in Lumitron Technologies?

9 investors have backed Lumitron Technologies across its funding rounds, including Clinton Capital Partners, Perennial Partners, Vickers Venture Partners, ROTH Capital Partners, Allan Moss and Greyrock Investments.

Lead investors include Hancock Prospecting and Vickers Venture Partners.


Lumitron Technologies Investors

Investors in Lumitron Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Clinton Capital PartnersAustraliaSydney2ParticipantApr 2020
Greyrock InvestmentsAustraliaSydney1ParticipantJul 2018
Steve SargentAustraliaSydney1ParticipantJul 2018
Allan MossAustraliaSydney1ParticipantJul 2018
John EganUnited StatesBoston, MA1ParticipantJul 2018
Vickers Venture PartnersSingaporeSingapore1LeadApr 2020
ROTH Capital PartnersUnited StatesLos Angeles, CA1ParticipantApr 2020

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Lumitron Technologies Competitors

Lumitron Technologies competitors include listed companies like Detection Technology and Allianca Saude, and private ones like Tingsheng Technology, Kanteron Systems, Koning and Qure AI.

Public and private companies comparable to Lumitron Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Detection TechnologyFinlandFinlandPublicly listed$116M$11M$128M0.9x
Tingsheng TechnologyChinaNanjingPrivate--$152M-
Allianca SaudeBrazilBrazilPublicly listed$224M($207M)$103M-
Kanteron SystemsSpainValenciaPrivate--$102M-
KoningUnited StatesNorcross, GAPrivate--$230M-
Qure AIIndiaMumbaiPrivate$19M-$240M12.6x

Lumitron Technologies Public Comps

Lumitron Technologies is still privately-owned, but its public comps include Lucid Diagnostics, EKF Diagnostics, Detection Technology, Bioneer, Airdoc, Exagen, Scope Fluidics, Eurofins-Cerep, Allianca Saude and Devyser Diagnostics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lucid Diagnostics$5M($58M)29.9x24.0x(2.4x)(2.8x)
EKF Diagnostics$69M$17M1.9x1.8x7.8x7.3x
Detection Technology$116M$11M0.9x0.9x9.6x8.1x
Bioneer$240M$16M0.8x-12.5x-
Airdoc$26M($3M)1.5x1.5x(11.9x)-
Exagen$67M($13M)2.9x2.7x(14.4x)(27.4x)
Scope Fluidics$26K($12M)2677.0x250.3x(5.7x)(4.2x)
Eurofins-Cerep$47M$7M1.7x-11.8x-

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Common questions about Lumitron Technologies

When was Lumitron Technologies founded?Lumitron Technologies was founded in 2013.
Where is Lumitron Technologies headquartered?Lumitron Technologies is headquartered in Los Angeles, CA, United States.
Is Lumitron Technologies publicly listed?No, Lumitron Technologies is a private, VC-backed company.
What is Lumitron Technologies' valuation?Lumitron Technologies was last valued at $150M in its Series A in April 2020.
How much funding has Lumitron Technologies raised?Lumitron Technologies has raised $179M across 4 funding rounds.
What was Lumitron Technologies' last funding round?Lumitron Technologies' last funding round was a $70M undisclosed-stage round in September 2026.
Who are Lumitron Technologies' investors?Lumitron Technologies' investors include Clinton Capital Partners, Greyrock Investments, Steve Sargent, Allan Moss, John Egan, Vickers Venture Partners, ROTH Capital Partners, Hancock Prospecting and Perennial Partners.
Which companies are comparable to Lumitron Technologies?Companies comparable to Lumitron Technologies include Detection Technology, Tingsheng Technology, Allianca Saude, Kanteron Systems, Koning and Qure AI.

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