Luminary Cloud, a cloud-native CAE software supplier with headquarters in San Mateo, California, has raised $115 million in investment.
Lead investor in the round was Sutter Hill Ventures.
The money will be used by the company to increase its development and business reach.
Luminary Cloud, founded in 2019 by Juan Alonso and Jason Lango, offers cloud-native computer-aided engineering (CAE) tools to engineers to shorten time to market and design cycles.
It allows engineering teams to cut months off of their R&D schedules, which lowers the cost and risk of product testing. Large, geographically dispersed teams can collaborate and be accessible because to its cloud-first architecture.
Its cloud-based NVIDIA GPU clusters power its proprietary simulation platform. Engineers may test and iterate through a range of scenarios, find answers to queries, and apply these insights to improve product design with the help of quick and precise simulations.
Customers come from a variety of industries, such as industrial equipment, sporting goods, automotive, aerospace and defense, and more.
With Luminary’s platform, high-fidelity simulations may be executed 100 times quicker than with previous vendors because to the utilization of GPU and cloud-based computing power.
“Our platform empowers R&D teams to analyze, design, and innovate faster than they ever could before. This is crucial when facing strong and globally competitive markets that demand better products in shorter time frames. Our goal is to assist engineers in creating the goods of the future by altering the way they complete their work.”
Jason Lango
