Overview

Lumafield offers advanced industrial CT scanning and AI-driven inspection solutions for the manufacturing sector. Its main products, the Neptune CT scanner and Voyager analysis software, allow clients to perform quick scans of their products, enabling engineers to detect internal defects. The AI engine, Atlas, analyzes scan data to provide insights that help streamline manufacturing processes. Lumafield aims to enhance product quality and reduce costs while ensuring data security for its clients.

Simplify's Take

What believers are saying

• Rising demand for battery safety tools boosts Lumafield's market potential.
• AI-driven manufacturing solutions are increasingly sought after for cost optimization.
• Digital twins trend enhances product lifecycle management with CT scanning.

What critics are saying

• Emerging CT technologies from competitors threaten Lumafield's market share.
• Rapid AI advancements may render current tools obsolete without updates.
• Economic downturns could reduce demand for high-cost CT equipment.

What makes Lumafield unique

• Lumafield offers ultra-fast CT technology reducing inspection time by over 99%.
• Atlas AI tool provides plain language solutions for complex manufacturing problems.
• SOC2 compliance highlights Lumafield's commitment to data security and privacy.

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Funding

Total Funding

$75.4M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Kleiner Perkins

Notable Investors:

Kleiner Perkins

$35,000,000

Series B

Sep 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$35M

$45M

$65M

$100M

View all funding stages