Luminary Cloud, a San Mateo, CA-based cloud-native, computer-aided engineering (CAE) software provider, raised $115M in funding.
The round was led by Sutter Hill Ventures.
The company intends to use the funds to expand its business reach and development efforts.
Founded in 2019 by Jason Lango and Juan Alonso, Luminary Cloud provides cloud-native, computer-aided engineering (CAE) software for engineers to accelerate design cycles and time to market. With it, engineering teams save months in their R&D schedules, reducing product testing costs and reducing risk in the process. Its cloud-first approach enables collaboration and accessibility by large, geographically distributed teams. Its proprietary simulation platform is powered by NVIDIA GPU clusters in the cloud. With fast and accurate simulations, engineers can iterate and test a variety of scenarios, answer questions, and use these insights to optimize product design.
Customers span industries including aerospace and defense, automotive, sporting goods, industrial equipment, and more.
Luminary’s platform makes it possible to run high-fidelity simulations 100 times faster than legacy vendors by leveraging the raw speed of GPU- and cloud-based processing.
Commenting on the news, Jason Lango said: “Our platform empowers R&D teams to analyze, design, and innovate faster than they ever could before, which is crucial when facing strong and globally competitive markets that demand better products in shorter time frames. We want to change the way that engineers get their work done and help them build the products of the future.”
FinSMEs
15/03/2024