AI Startup Luma Raises $43M to Transform Text Descriptions into 3D Models

The company plans to leverage a cluster of Nvidia GPUs to train new AI models, aiming to double its workforce by the end of next year.

Luma, an AI startup, has raised $43 million in a series-B funding round led by Andreesen Horowitz, Nvidia, and others. The company develops software that transforms text descriptions into 3D models.
The company's technology, available through an app called Genie, can convert images, videos, or text descriptions into three-dimensional models of objects that can be manipulated, edited, and rendered as needed.
Luma plans to leverage a compute cluster of ~3,000 Nvidia A100 GPUs to train new AI models that can understand and interact with the world.
The company is planning to double its 24-person workforce by the end of next year and is working on a model-running server cluster of 'thousands' of GPUs.
Luma has already attracted over two million users and its latest product, Genie, has grown to 100,000 users in just four weeks.