Funding round
Luma AI Series C
Luma AI, which works in AI video generation platform development in Palo Alto, raised $900M in a Series C round announced on 19 Nov 2025, led by Humain Ventures, at a $4.00B post-money valuation. 5 firms took part. It is Luma AI's fourth venture round on record; the one before was a Series B in Jan 2024.
$900M
Amount raised
$4.00B
Post-money valuation
$3.10B pre-money
5
Investors
1 lead
20x
Step-up from the Series B
$200M in Jan 2024
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Luma AI at $4.00B after the new money, 20.0 times the $200M of its Series B (Jan 2024). The $900M bought investors about 23% of the company. It came 22 months after Luma AI's Series B. It is 93% of the $967M Luma AI has raised in the venture rounds on record. No later venture round is on record for Luma AI.
Luma AI's funding rounds
Luma AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Humain Ventures led the round with 4 other firms.
Lead investor
- backs 2 venture-backed companies new investor
Also in the round
- AMD new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Amplify Partners new investor
- Matrix backs 129 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
257 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 15 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| d-Matrix Tech Companies | 12 Nov 2025 | $275M | $2.00B | Bullhound Capital and Triatomic Capital |
| Tech Companies | 3 Nov 2025 | $126M | $3.50B | Avenir |
| Tech Companies | 12 Nov 2025 | $75M | $1.30B | StepStone |
| Tech Companies | 10 Nov 2025 | $72M | $500M | Intrepid Growth Partners |
| Tech Companies | 19 Nov 2025 | $70M | $600M | Bessemer Venture Partners |
| Tech Companies | 20 Nov 2025 | $35M | $230M | Khosla Ventures |
| Tech Companies | 6 Nov 2025 | $19M | not disclosed | Salesforce Ventures |
| Tech Companies | 7 Nov 2025 | $3.7M | not disclosed | WOORI Venture Partners and Shinhan Venture Investment |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Luma AI raise in its Series C round?
Luma AI raised $900M in its Series C round, announced in Nov 2025.
Who led Luma AI's Series C round?
Humain Ventures led it, with AMD, Andreessen Horowitz, Amplify Partners and Matrix.
What was Luma AI's valuation at the Series C round?
$4.00B post-money ($3.10B pre-money).
How does it compare with other Series C rounds in Tech Companies?
257 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 15 times the median.