Funding round
Luma AI Series B
Luma AI, which works in AI video generation platform development in Palo Alto, raised $43M in a Series B round announced on 9 Jan 2024, led by Andreessen Horowitz, at a $200M post-money valuation. 4 firms took part. It is Luma AI's third venture round on record; the one before was a Series A in Mar 2023.
$43M
Amount raised
$200M
Post-money valuation
$157M pre-money
4
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Luma AI at $200M after the new money. The $43M bought investors about 22% of the company. It came 10 months after Luma AI's Series A. It is 4.4% of the $967M Luma AI has raised in the venture rounds on record. Luma AI raised again 22 months later: a Series C round of $900M in Nov 2025, at $4.00B post-money.
Luma AI's funding rounds
Luma AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Andreessen Horowitz led the round with 3 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies new investor
- Matrix new investor
- Nvidia Corp. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jan 2024 | $87M | not disclosed | Energize Capital and GreenPoint |
| ElevenLabs Tech Companies | 22 Jan 2024 | $80M | $1.10B | Andreessen Horowitz and Nat Friedman |
| Perplexity Tech Companies | 4 Jan 2024 | $74M | $520M | Institutional Venture Partners |
| Tech Companies | 11 Jan 2024 | $73M | not disclosed | Battery Ventures |
| Tech Companies | 1 Jan 2024 | $65M | $500M | Kleiner Perkins |
| Tech Companies | 31 Jan 2024 | $43M | not disclosed | New Enterprise Associates |
| Tech Companies | 11 Jan 2024 | $42M | not disclosed | not named |
| Tech Companies | 19 Jan 2024 | $40M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Luma AI raise in its Series B round?
Luma AI raised $43M in its Series B round, announced in Jan 2024.
Who led Luma AI's Series B round?
Andreessen Horowitz led it, with Amplify Partners, Matrix and Nvidia Corp..
What was Luma AI's valuation at the Series B round?
$200M post-money ($157M pre-money).
How does it compare with other Series B rounds in Tech Companies?
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 1.7 times the median.
Did Luma AI raise again after this round?
Yes: a Series C round in Nov 2025 of $900M at $4.00B post-money.