Skip to content
GCC AI Research

Luma AI, an AI startup building multimodal AGI, raises $900 million led by Saudi Arabia-based HUMAIN - Indian Startup News

GCC AI Startup · · Significant research

Funding LLM Partnership Infrastructure Research

Summary

Luma AI, a startup developing multimodal AGI, has raised $900 million in a funding round led by HUMAIN, a Saudi Arabia-based investment firm. The company is focused on building general-purpose AI models that can understand and generate different types of data, including images, video, and 3D scenes. This funding round will allow Luma AI to scale its research and development efforts. Why it matters: This investment signals the growing interest and financial commitment from Saudi Arabian entities in advancing artificial general intelligence capabilities.

Keywords

Luma AI · HUMAIN · AGI · multimodal AI · funding

Read original article →

Get the weekly digest

Top AI stories from the GCC region, every week.

Related

LUMA AI on Saudi HQ, HUMAIN ties & tapping into the creative industry - Al Arabiya English

Al Arabiya ·

LUMA AI is expanding its presence in Saudi Arabia, establishing its regional headquarters in the Kingdom. The company is partnering with HUMAIN, a Saudi entity, to support the creative industry through AI tools. LUMA AI's technology enables the creation of 3D models from images and videos, catering to the growing demand for digital content in the region. Why it matters: This move signals increasing investment and interest in AI-driven solutions for creative applications within the Saudi Arabian market.

Saudi’s HUMAIN secures up to $1.2 bln to expand AI infrastructure - Al Arabiya English

Al Arabiya ·

Saudi Arabian AI infrastructure company HUMAIN has secured up to $1.2 billion in funding. The funds will be used to deploy AI infrastructure to support the Kingdom’s Vision 2030 plan. HUMAIN aims to accelerate AI adoption in Saudi Arabia. Why it matters: This represents a significant investment in domestic AI capabilities, signaling Saudi Arabia's commitment to becoming a major player in the AI landscape.