Full-Time

Business Development and Strategic Partnerships

Confirmed live in the last 24 hours

Luma AI

Luma AI

51-200 employees

Develops multimodal AI technologies for creativity

Consumer Software
AI & Machine Learning

Compensation Overview

$160k - $220kAnnually

+ Equity Packages

Senior

Palo Alto, CA, USA

Hybrid position based in Palo Alto, California.

Category
Business Development
Business & Strategy
Required Skills
Sales
Requirements
  • 5+ years of business development / partnership experience in a hyper-growth environment
  • Experience taking a company into a new industry and establishing them as a key partner to key players
  • Demonstrated ability to grow partnerships over time with increasing commitments
  • Self-starter who gets the job done
  • Outstanding interpersonal skills and ability to build great relationships
  • Vision and charisma to understand the company's mission and embed it into sales efforts
  • Ability to think outside the box regarding current and future partners
  • Sense of humor
Responsibilities
  • Identify, build and nurture key relationships to drive growth
  • Design and execute deals including collaborate with internal stakeholders across finance, legal, product and growth
  • Build and maintain strong relationships with our partners
  • Identify new industries and understand who to partner with
  • Develop and implement pricing strategies across different kinds of partnerships
  • Collaborate with the product and research team to understand and communicate the product capabilities and requirements

Luma AI develops multimodal artificial intelligence technologies that enhance human creativity and capabilities. Their main product, the Dream Machine, allows users to interact with various types of data and inputs, making it easier for creative professionals, businesses, and developers to utilize AI in their projects. Unlike many competitors, Luma AI focuses on integrating multiple modes of interaction, which helps users explore new possibilities in their work. The company's goal is to drive creativity and productivity through advanced AI solutions, offering subscription-based access to their tools and services.

Company Stage

Late Stage VC

Total Funding

$84.9M

Headquarters

San Francisco, California

Founded

2021

Growth & Insights
Headcount

6 month growth

69%

1 year growth

160%

2 year growth

680%
Simplify Jobs

Simplify's Take

What believers are saying

  • $90 million funding boosts Luma AI's development and market expansion potential.
  • Dream Machine 1.5's realism and motion tracking attract creative professionals.
  • Mobile app expansion broadens user engagement and market reach.

What critics are saying

  • Competition from Google's Veo 2 and OpenAI's Sora Turbo may overshadow Luma AI.
  • Runway's Gen-3 video generator poses a threat with its praised realism.
  • AWS's cost-reducing features pressure Luma AI to improve pricing strategies.

What makes Luma AI unique

  • Luma AI transforms text into 3D models, enhancing user interaction with digital content.
  • Dream Machine integrates multimodal AI, offering a unique creative platform for professionals.
  • Subscription-based model with enterprise partnerships ensures steady revenue and market presence.

Help us improve and share your feedback! Did you find this helpful?