Lumafield

Lumafield

Provides industrial CT scanning and AI inspection

About Lumafield

Simplify's Rating
Why Lumafield is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$152.5M

Headquarters

Somerville, Massachusetts

Founded

2019

Overview

Lumafield provides advanced industrial CT scanning and AI-driven inspection solutions for the manufacturing industry. Its main products include the Neptune industrial CT scanner and the Voyager analysis software, which allow engineers and manufacturers to perform quick and automated CT scans directly on the factory line. This technology enables users to see inside their products, identifying defects or issues that could impact performance or safety. The company's AI engine, Atlas, analyzes scan data to offer actionable insights, helping clients tackle manufacturing challenges more effectively and speed up product development. Unlike competitors, Lumafield combines high-tech scanning with a subscription model for AI analysis tools, ensuring a steady revenue stream while offering flexible service options. The goal of Lumafield is to enhance product quality, reduce costs, and accelerate time-to-market for its clients, all while maintaining a strong commitment to data security and privacy.

๐Ÿ’ต
Funded Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • Lumafield raised $75M in Series C funding to expand factory applications.
  • New Battery Analysis Module targets growing demand for battery safety in EV sector.
  • Ultra-Fast CT technology reduces inspection time by over 99%, enhancing manufacturing speed.

What critics are saying

  • Emerging startups in CT scanning may offer competitive technologies, threatening market share.
  • Rapid AI advancements could render Lumafield's tools obsolete without continuous innovation.
  • Supply chain vulnerabilities in semiconductors may delay CT scanner manufacturing.

What makes Lumafield unique

  • Lumafield offers AI-driven CT scanning for precise quality control in manufacturing.
  • Neptune CT scanner and Voyager software provide rapid, automated product analysis on factory lines.
  • Atlas AI engine delivers actionable insights, enhancing manufacturing efficiency and product design.

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Funding

Total Funding

$152.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
Lumafield
$100M
Oura

Benefits

Health Insurance

Company Equity

Stock Options

Wellness Program

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Unlimited Paid Time Off

Commuter Benefits

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

โ†“ -4%

1 year growth

โ†“ -1%

2 year growth

โ†‘ 1%
Metrology News
Mar 20th, 2025
Lumafield Announces $75 Million Series C Funding

Lumafield also announced that Bill Cronin has joined its executive team as Head of Revenue, where he will focus on driving Lumafield's expansion and market adoption.

Latest Nigerian News
Mar 15th, 2025
Cambridge, Massachusetts-based Lumafield, which manufactures industrial CT scanners with cloud-based analysis software, raised a $75M Series C led by IVP (Aaron Weitzman/Axios)

Cambridge, Massachusetts-based Lumafield, which manufactures industrial CT scanners with cloud-based analysis software, raised a $75M Series C led by IVP (Aaron weitzman/axios).

Finsmes
Mar 14th, 2025
Lumafield Secures $75M in Series C Funding

Lumafield, a Cambridge, MA-based developer of industrial X-ray CT technology, raised $75 million in Series C funding. The round was led by IVP, with participation from new investors G2 Venture Partners and Wellington Management, and existing investors Spark Capital, DCVC, Kleiner Perkins, Lux Capital, and Matter Venture Partners. The funds will be used to expand into factory applications and advance hardware and software.

Business Wire
Nov 21st, 2024
Keepit welcomes Fahad Qureshi as new VP of Sales for Americas and ANZ regions

Keepit welcomes Fahad Qureshi as new VP of Sales for Americas and ANZ regions.

Tech Briefs
Oct 10th, 2024
Tech Focus: Lumafield Announces Groundbreaking Ultra-Fast X-Ray CT Technology

At the Battery Show this week, Lumafield announced the launch of its Ultra-Fast Computed Tomography (CT) technology, a groundbreaking advancement in manufacturing that reduces inspection time by more than 99 percent.

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