Luminary Cloud, cloud-native, computer-aided engineering (CAE) software provider secures $115million in funding. 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.
Read also – NYC-based DraftWise Secures $20Million in Series A Round Funding
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.
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.”
About Luminary Cloud
The first contemporary computer-aided engineering software as a service platform in the world, Luminary Cloud gives engineers insights in minutes, enabling hitherto impractical speeds of simulation, analysis, and iteration. This is known as real-time engineering.
Read also – New York-based Sealed Secures $30Million in Funding
In 2019, the firm was created by Juan Alonso, the former head of NASA Aeronautics research programs and founder of Stanford’s Aerospace Design Laboratory, and Jason Lango, an expert in high-performance computing, cloud-based infrastructure, and cloud security.
