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Luma AI

Full company profile

uuid00000bn

Namestring
Luma AI
Legal namestring
Luma AI, Inc.
Websiteurl
lumalabs.ai
Company typeenum
Private
Founded yearint
2021
Descriptiontext

Luma AI is a frontier multimodal AI company founded in 2021 by former Apple AR and computer vision engineers, headquartered in Palo Alto with international offices in London, Riyadh, Munich, Singapore, and several US cities. The company builds its own foundation models for video (Ray3.2, Ray3.14, Ray3 Modify) and image (Uni-1, Uni-1.1) generation, anchored by proprietary training algorithms including Inductive Moment Matching and Terminal Velocity Matching, and a Unified Intelligence decoder-only autoregressive transformer architecture. Its core product, Luma Agents, orchestrates planning, generation, iteration, and refinement of creative work across video, image, audio, and text within a single workflow with shared context, distributed through the consumer Dream Machine app, enterprise sales motion, developer APIs, and channel partners.

The platform serves enterprise marketing and creative teams, advertising agencies (Publicis Groupe Middle East, Serviceplan Group, Dentsu), film and production studios (Wonder Project, Mazda), e-commerce brands, educators, and individual creators. Luma generates revenue through tiered SaaS subscriptions (Plus $30, Pro $90, Ultra $300 per month, plus Team and Enterprise plans), usage-based API pricing for both Ray3.2 video and Uni-1.1 image generation (with a dedicated Scale tier for SLA-backed capacity), and custom enterprise contracts including custom fine-tuning and Forward Deployed Creatives. The company has raised approximately $1.3B+ across seed, Series A, B, and a $900M Series C led by Saudi Arabia's HUMAIN at a ~$4B post-money valuation in November 2025, with the raise paired with a 2GW Project Halo supercluster joint venture with AMD, Cisco, and HUMAIN.

As of early 2026, Luma had grown to 150+ employees and 30M+ users worldwide, with annualized revenue of $8M reported as of June 2025. The company distributes through Adobe Firefly and Creative Cloud integrations, eight+ developer platform partners (Envato, Comfy, Fal, Runware, Krea, Flora, Magnific, LovArt), direct enterprise sales, the Open Physical AI Lab research initiative, and education programs at universities including USC, UC San Diego, Loyola Marymount, and Chapman. The company has made two disclosed acquisitions (Apparate Labs in December 2024 and Persona in Q1 2026) to extend platform capabilities.

Short descriptiontext

Luma AI builds frontier multimodal foundation models and Luma Agents that generate, refine, and orchestrate video, image, audio, and text creative work for enterprise marketing teams, advertising agencies, film studios, developers, and individual creators.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersPalo Alto, United States
HQ citystring
Palo Alto
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
AI video generation, AI image generation, generative AI models, creative agent platform, multimodal foundation models
Industry4 codes
1End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management)
CodeHDAEANAAPrimaryYes
2Model Serving, Inference & Deployment Platforms (APIs, Edge/On-Prem)
CodeHDAEANACPrimaryNo
3AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI)
CodeHDAEANAIPrimaryNo
4Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs)
CodeHDAEANAHPrimaryNo
NAICS code2 codes
  • Software Publishers513210
  • Custom Computer Programming Services541511
Product category
Generative AI Video & Image Platform
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Luma App Subscription Plans
TypeSubscription Recurring
Description

Tiered SaaS subscriptions: Plus ($30/month), Pro ($90/month with 4x usage), and Ultra ($300/month with 15x usage), with annual billing offering ~17% discount. Includes access to Luma's own models and third-party image/video models, commercial use rights, and edit access for guest collaborators.

lumalabs.ai
2Ray3.2 API Pay-as-you-go
TypeUsage Based
Description

Usage-based API billing with no minimum commitment. T2V/I2V at 540p 5s = $0.15, scaling to 1080p 10s = $3.60. V2V, Reframe, and Modify priced similarly. HDR is 2x SDR, HDR+EXR is 3x SDR. Dedicated Scale tier available with SLAs.

lumalabs.ai
Marketing channels12 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels11 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Pricing details8 tiers
1Plus plan: access to Luma and third-party models with edit access for guest collaborators
ModelSubscriptionBilling cadenceMonthly
Notes

$30/month or $300/year. Includes commercial use rights.

lumalabs.ai
2Pro plan: 4x usage with Luma Agents
ModelSubscriptionBilling cadenceMonthly
Notes

$90/month or $900/year. Everything in Plus with 4x generation capacity.

lumalabs.ai
3Ultra plan: 15x usage with Luma Agents
ModelSubscriptionBilling cadenceMonthly
Notes

$300/month or $3,000/year. Everything in Pro with 15x generation capacity.

lumalabs.ai
4Team plan: shared credits, team management, analytics, SSO
ModelSubscriptionBilling cadenceAnnual
Notes

Contact sales for pricing. Everything in regular plans plus team management, projects, usage analytics, shared team credits, and SSO.

lumalabs.ai
5Enterprise plan: custom fine-tuning, dedicated training, enterprise commitments
ModelSubscriptionBilling cadenceMulti-year contract
Notes

Contact sales. Everything in Team plan plus enterprise commitments, dedicated education and training, and custom fine-tuning.

lumalabs.ai
6API Build tier: pay per image/video, no commitment
ModelUsage-basedBilling cadencePay-as-you-go
Notes

T2V/I2V 5s: $0.15 (540p) to $1.20 (1080p); 10s: $0.45 to $3.60. V2V 5s: $0.72 to $2.16. HDR is 2x SDR, HDR+EXR is 3x SDR. No minimum commitment, rate limits apply, no latency SLA.

lumalabs.ai
7API Scale tier: dedicated capacity with guaranteed throughput and latency SLA
ModelUsage-basedBilling cadenceAnnual
Notes

Minimum 4 units. 1 unit = 1 RPM (Base) or 0.4 RPM (Max). Includes SLA, moderation, prompt enhancement, and no-train guarantee.

lumalabs.ai
8Uni-1.1 API token pricing
ModelUsage-basedBilling cadencePay-as-you-go
Notes

Input text: $0.50 per 1M tokens. Input images: $1.20 per 1M tokens. Output text/thinking: $3.00 per 1M tokens. Output images: $45.45 per 1M tokens. Equivalent per-image: Text-to-Image (2048px) $0.0909, Image edit/i2i (2048px) $0.0933.

lumalabs.ai
GTM typeB2B and B2C
B2B and B2C
Offering typeSoftware
Software
Brand1 of 4 records shown
1Ray
Description

Reasoning-driven video generation model family (Ray, Ray2, Ray3, Ray3.14, Ray3.2) used to generate cinematic video from text, image, and video inputs.

lumalabs.ai
+3 more records
Core offering1 text field

Luma AI develops and operates a creative agent platform that orchestrates video, image, audio, and text generation through its proprietary foundation models (Ray3.2 for video, Uni-1 for image) alongside integrated third-party models. The platform enables enterprise creative teams, advertising agencies, studios, developers, and individual creators to produce cinema-grade video, on-brand image assets, and end-to-end campaigns via web apps, a developer API, and enterprise deployments.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • AI tools reduced video production costs by 91%, from ~$4,500 to ~$400 per minute of professional video (industry-wide statistic cited by Luma)
+6 more records
Product overview1 text field

Luma AI offers a unified multimodal AI platform anchored by Luma Agents, the core product that orchestrates specialized models across video, image, audio, and text within a single creative workflow with shared context. The platform is built on Luma's proprietary flagship models: Ray3.2 for video generation (the world's first reasoning video model with native HDR and EXR export, supporting up to 16 keyframes per clip and 1080p output up to 20 seconds) and Uni-1 for image generation (a decoder-only autoregressive transformer that unifies text and image reasoning). These models are complemented by the Dream Machine video platform, the Ray3.14 and Ray3 Modify variants for different video workflows, the Open Physical AI Lab research initiative for world models and robotics, and Luma Skills for repeatable creative workflows. The platform is accessible via consumer web apps (AI Video Generator, AI Video Generator from Image), the Dream Machine studio, and a developer API supporting Python, JavaScript/TypeScript, and Go SDKs with REST endpoints. Enterprise tiers (Luma Enterprise) add SSO, dedicated Forward Deployed Creatives, and custom fine-tuning, while specialized programs serve education (Luma for Education) and creators (Creative Partner Program). The platform also integrates third-party models including ElevenLabs for audio, Google Veo 3.1 for video, Kling for video, and GPT Image 2 for images.

Product and service12 records
1Luma Agents
CategoryCreative Agent Platform
Description

Core platform product consisting of creative agents that plan, generate, iterate, and refine creative work end-to-end with shared context across teams, operating across video, image, audio, and text. Agents coordinate built-in editing and refinement within the same project, scale execution in parallel, and carry context from planning through final assembly.

2Ray3.2
CategoryVideo Generation Model
Description

Flagship video generation model with frame-level control via multi-keyframe (up to 16 keyframes per clip), 1080p output up to 20 seconds, native HDR Generation (10/12/16-bit), and 16-bit EXR Export for professional production pipelines. Supports text-to-video, image-to-video, video-to-video (Modify Video V2), and Reframe. Now available as a full API.

3Ray3
CategoryVideo Generation Model
Description

The world's first reasoning video model with an internal reasoning system that interprets prompts, infers intent, and plans how scenes should unfold before rendering. Achieves state-of-the-art performance alongside Veo3 in independent evaluations.

4Ray3.14
CategoryVideo Generation Model
Description

Next-generation video generation model offering native 1080p video output, 3x cheaper and 4x faster than prior Ray models, designed for professional animation and cinematic workflows with HDR Generation and EXR Export capabilities.

5Ray3 Modify
CategoryVideo Modification Tool
Description

Hybrid-AI model for enhancing and editing actor performances in videos within Dream Machine. Enables realistic manipulation of performances with control over motion, timing, and emotional delivery, addressing limitations of early AI video systems.

6Uni-1
CategoryImage Generation Model
Description

Multimodal reasoning image model built on Unified Intelligence architecture. A decoder-only autoregressive transformer where text and image tokens share a single sequence as input and output. Ranks #1 on Human Preference Elo for Overall, Style & Editing, and Reference-Based Generation; #2 for Text-to-Image. Supports up to 9 reference inputs for character/style preservation.

7Uni-1.1 API
CategoryDeveloper API
Description

REST API for the Uni-1.1 image generation model with Generate Image and Modify Image endpoints. Supports up to 9 reference inputs per request with natural-language editing. Already in production with partners including Envato, Comfy, Runware, Flora, Krea, Magnific, Fal, and LovArt.

8Dream Machine
CategoryAI Video Platform
Description

AI video generation platform that hosts the Ray model family including Ray3, Ray3.14, Ray3.2, Ray3 Modify, and Modify Video V2 capabilities. Combines photorealistic generation with professional-grade editing tools including precision frame refinement, smart erase & fill, subject-aware editing, and prompt editing.

9Luma API
CategoryDeveloper API
Description

Developer API exposing the full control surface of Ray3.2 for video generation and Uni-1.1 for image generation. Available via REST with Python, JavaScript/TypeScript, and Go SDKs. Two tiers: Build (pay-as-you-go, no commitment) and Scale (dedicated capacity with SLA).

10Luma Enterprise
CategoryEnterprise Offering
Description

Enterprise offering with dedicated Forward Deployed Creatives, enterprise-grade SSO, access controls, brand customization, unlimited generations across media types, and custom fine-tuning options for large organizations.

11AI Video Generator (Consumer Web App)
CategoryConsumer Web App
Description

Consumer-facing AI video generator web app that turns text descriptions, images, and prompts into cinematic production-quality video. Powered by Ray, providing native 1080p output with HDR support and EXR export. Free to try.

12AI Video Generator from Image
CategoryConsumer Web App
Description

Image-to-video generator powered by Ray, turning static images into cinematic video. Ray reasons about the scene (subject, depth, lighting) before rendering, producing 1080p output up to 20 seconds with physics-aware motion and cinematic camera control from plain language.

Scale indicator14 records

Each record includes

Type, Value, Description, Source

Partnership28 partners
Strategic tierTier-1TypeStrategic or Co-development PartnerAnnounced on2026-06-01
Description

Launched Innovative Dreams, a production services company combining generative AI and traditional filmmaking, backed and supported by Amazon Web Services. Jon Erwin (Founder of The Wonder Project) publicly endorsed Luma as embedding generative AI directly into the production pipeline.

Strategic tierTier-2TypeChannel Partner/ Reseller/ DistributorAnnounced on2026-04-01
Description

Boundless produced Mazda's first AI-produced commercial using Luma Agents and signed an agreement to integrate Luma AI's technologies across future client work. Campaign for Mazda MX-5 re-entry into South African market completed in less than two weeks.

Strategic tierTier-1TypeTechnology or IntegrationAnnounced on2026-04-01
Description

AWS supports the Wonder Project and Luma's Innovative Dreams production services company, providing cloud infrastructure for combining generative AI and traditional filmmaking.

Strategic tierFlagship / Tier-1TypeChannel Partner/ Reseller/ DistributorAnnounced on2026-02-01
Description

Publicis Groupe Middle East selected Luma AI as its preferred generative AI technology partner for advertising and creative production across Saudi Arabia and the wider MENA region. The collaboration leverages Project Halo's 2GW AI supercluster to power next-generation generative AI applications at scale. Bassel Kakish (CEO Publicis Groupe Middle East & Turkey) publicly endorsed Luma.

Strategic tierTier-1TypeChannel Partner/ Reseller/ DistributorAnnounced on2026-02-01
Description

Serviceplan Group has launched a strategic partnership with Luma AI to deploy AI for creative work across its global operations, making it the first of the world's largest agency groups to standardize AI for creative work at scale. Embeds AI into professional workflows spanning strategy, creative development, content production, and delivery across Serviceplan Group's 43 global locations and 6,500+ professionals.

Strategic tierTier-1TypeStrategic or Co-development PartnerAnnounced on2025-12-01
Description

Nvidia-backed Luma AI announced $4B expansion in London. Project Halo partners with NVIDIA for AI infrastructure targeting up to two gigawatts of capacity by the early 2030s in collaboration with NVIDIA and AMD.

Strategic tierTier-2TypeOthersAnnounced on2025-12-01
Description

Jason Day, formerly of WPP and Monks, was appointed as Head of EMEA at Luma AI to lead international business development from London, supporting growth plans across Europe, the Middle East, Africa, and Saudi Arabia.

Strategic tierTier-1TypeStrategic or Co-development PartnerAnnounced on2025-11-01
Description

Co-founded AI joint venture with AMD and Saudi Arabia's HUMAIN to build AI data centers in the Middle East. Launched with a 100-megawatt project in Saudi Arabia, with Luma as first customer. AMD and Cisco are minority shareholders sharing profits and losses while Humain leads. Plans to build up to one gigawatt of data centers by 2030.

Strategic tierFlagship / Tier-1TypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2025-10-01
Description

Ray2 integrated into Adobe Firefly and Firefly Boards (April 2025). Adobe MAX 2025 announced a dozen generative AI models available within Creative Cloud, including Luma AI's models alongside Google, OpenAI, and Runway. Luma AI models available in Firefly mobile app for iOS and Android. Adobe described Luma as a key integration partner.

Strategic tierTier-2TypeTechnology or IntegrationAnnounced on2025-10-01
Description

Luma AI selected Oracle Cloud Infrastructure (OCI) for high-performance GPU clusters, low-latency networking, and reliable global infrastructure to support large-scale AI model training, inference, and deployment.

Strategic tierTier-2TypeStrategic or Co-development PartnerAnnounced on2025-06-01
Description

Strategic partnership with Luma AI to power next-gen personalized experiences in the engagement economy, announced June 2025.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

14Fal
Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.

Strategic tierTier-2TypeTechnology or Integration
Description

API partner building with Luma's Ray3.2 video generation API.

Strategic tierTier-2TypeTechnology or Integration
Description

ElevenLabs models (v3 text-to-speech, SFX v2 sound effects, Music v1 music generation) are integrated into Luma Agents as partner models for audio generation.

Strategic tierTier-2TypeTechnology or Integration
Description

Veo 3.1 video model integrated into Luma Agents as partner model for users to switch between models without leaving Luma.

Strategic tierTier-2TypeTechnology or Integration
Description

Seedance 2.0 video model integrated into Luma Agents as partner model.

Strategic tierTier-2TypeTechnology or Integration
Description

Kling 3.0 and Kling Omni video models integrated into Luma Agents as partner models.

Strategic tierTier-2TypeTechnology or Integration
Description

GPT Image 2 and GPT Image 1.5 models integrated into Luma Agents as partner models.

Strategic tierTier-2TypeTechnology or Integration
Description

Nano Banana and Nano Banana Pro image models integrated into Luma Agents as partner models.

Strategic tierTier-2TypeTechnology or Integration
Description

Seedream image model integrated into Luma Agents as partner model.

Strategic tierTier-2TypeGTM or Marketing Partner
Description

Hartbeat and Luma AI partnered on Prompt Side Story, a first-of-its-kind live AI film event at LA Tech Week in October 2025.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Runway is the closest direct competitor to Luma in AI video generation (Gen-3/Gen-4) with a similar creative-pro audience and enterprise motion. Both sell production-quality video models to agencies, studios, and brands, and both offer Hollywood-grade integration.

TypeDirect peer
Description

OpenAI's Sora competes head-to-head with Ray3.2 in frontier text-to-video and is integrated alongside Luma inside Adobe Firefly and Luma Agents. Direct overlap in image generation (GPT Image 2) versus Uni-1 makes OpenAI a primary peer despite its broader scope.

TypeDirect peer
Description

Google's Veo 3.1 competes directly with Ray3.2 in reasoning-driven text/image-to-video, and Nano Banana competes with Uni-1. Veo 3.1 is integrated as a switchable model inside Luma Agents, underscoring head-to-head product overlap.

TypeDirect peer
Description

Pika is a venture-backed AI video generation startup targeting the same creator, marketing, and prosumer segments as Luma's Dream Machine. Comparable business model (subscription tiers, creative-led GTM) and product category make it a tight direct peer.

TypeDirect peer
Description

Midjourney competes with Uni-1 in frontier image generation and has expanded into video (Midjourney Video), sharing the same creative-pro, agency, and studio target customers as Luma. Both compete on Human Preference Elo rankings.

TypeDirect peer
Description

Stability AI is a foundation-model lab offering competing open/closed image, video, and multimodal models (Stable Diffusion, Stable Video) with an API and enterprise motion similar to Luma's. Direct overlap in generative video/image and developer ecosystem.

TypeBroad incumbent
Description

Adobe's Firefly and Creative Cloud suite embed Luma as a third-party model while also competing with proprietary Firefly Video/Image models. Adobe is both a distribution partner and a broad incumbent across the same creative professional customer base.

TypeDirect peer
Description

Kuaishou's Kling 3.0/Kling Omni compete with Ray3.2 in high-resolution text/image-to-video and are integrated inside Luma Agents as switchable models. Strong product parity and shared enterprise/creator GTM make it a primary international peer.

TypeDirect peer
Description

ByteDance's Seedance 2.0 (video) and Seedream (image) compete with Ray3.2 and Uni-1 respectively, and are integrated inside Luma Agents. Comparable frontier model quality and shared target customers in marketing/entertainment.

TypeOthers
Description

ElevenLabs is a strategic integration partner whose audio models (TTS, SFX, music) are embedded in Luma Agents. Not a direct video/image competitor, but a key adjacent frontier-AI peer that jointly defines Luma's multimodal creative stack.

Market position
Strengths5 records

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Weaknesses5 records

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Competitive moat6 records

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Type, Details

Key risks5 records

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Key highlights7 records

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Customer concentration

Classification, Details

Named customers22 records

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Name, Industry, Type, Use case, Source, UUID

Segment10 records

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Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile6 records

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Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration8 records

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Title, Type, Description, Source

AI capability14 records

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Type, Description, Source

AI maturity
App detail

Has app

Feature10 records

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Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

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Subsidiaries1 record

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Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

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Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

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Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors15 records

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Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

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Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Luma AI

Generative AI Video & Image Platformlumalabs.ai

Luma AI builds frontier multimodal foundation models and Luma Agents that generate, refine, and orchestrate video, image, audio, and text creative work for enterprise marketing teams, advertising agencies, film studios, developers, and individual creators.

What Luma AI does

Luma AI is a frontier multimodal AI company founded in 2021 by former Apple AR and computer vision engineers, headquartered in Palo Alto with international offices in London, Riyadh, Munich, Singapore, and several US cities. The company builds its own foundation models for video (Ray3.2, Ray3.14, Ray3 Modify) and image (Uni-1, Uni-1.1) generation, anchored by proprietary training algorithms including Inductive Moment Matching and Terminal Velocity Matching, and a Unified Intelligence decoder-only autoregressive transformer architecture. Its core product, Luma Agents, orchestrates planning, generation, iteration, and refinement of creative work across video, image, audio, and text within a single workflow with shared context, distributed through the consumer Dream Machine app, enterprise sales motion, developer APIs, and channel partners.

The platform serves enterprise marketing and creative teams, advertising agencies (Publicis Groupe Middle East, Serviceplan Group, Dentsu), film and production studios (Wonder Project, Mazda), e-commerce brands, educators, and individual creators. Luma generates revenue through tiered SaaS subscriptions (Plus $30, Pro $90, Ultra $300 per month, plus Team and Enterprise plans), usage-based API pricing for both Ray3.2 video and Uni-1.1 image generation (with a dedicated Scale tier for SLA-backed capacity), and custom enterprise contracts including custom fine-tuning and Forward Deployed Creatives. The company has raised approximately $1.3B+ across seed, Series A, B, and a $900M Series C led by Saudi Arabia's HUMAIN at a ~$4B post-money valuation in November 2025, with the raise paired with a 2GW Project Halo supercluster joint venture with AMD, Cisco, and HUMAIN.

As of early 2026, Luma had grown to 150+ employees and 30M+ users worldwide, with annualized revenue of $8M reported as of June 2025. The company distributes through Adobe Firefly and Creative Cloud integrations, eight+ developer platform partners (Envato, Comfy, Fal, Runware, Krea, Flora, Magnific, LovArt), direct enterprise sales, the Open Physical AI Lab research initiative, and education programs at universities including USC, UC San Diego, Loyola Marymount, and Chapman. The company has made two disclosed acquisitions (Apparate Labs in December 2024 and Persona in Q1 2026) to extend platform capabilities.

Luma AI firmographics

Firmographics
Name
Luma AI
Legal name
Luma AI, Inc.
Website
https://lumalabs.ai
Company type
Private
Founded year
2021
Operating status
Operating
Headcount range
101–250 employees
Short description
Luma AI builds frontier multimodal foundation models and Luma Agents that generate, refine, and orchestrate video, image, audio, and text creative work for enterprise marketing teams, advertising agencies, film studios, developers, and individual creators.
Ownership category
akta.pro rank

Luma AI industry classification

Industry
Product category
Generative AI Video & Image Platform
NAICS
Software Publishers (513210), Custom Computer Programming Services (541511)
akta.pro primary industry
End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)
akta.pro secondary industries
Model Serving, Inference & Deployment Platforms (APIs, Edge/On-Prem) (HDAEANAC), AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI), Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs) (HDAEANAH)

Keywords

  • AI video generation
  • AI image generation
  • Generative AI models
  • Creative agent platform
  • Multimodal foundation models

Where Luma AI is headquartered

Location

Headquarters

HQ city
Palo Alto
HQ country
United States
HQ region
North America

Offices9 records

Markets served

Luma AI business model

Business model
GTM type
B2B and B2C
Offering type
Software
Cost components
Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

  1. Luma App Subscription Plans: Tiered SaaS subscriptions: Plus ($30/month), Pro ($90/month with 4x usage), and Ultra ($300/month with 15x usage), with annual billing offering ~17% discount. Includes access to Luma's own models and third-party image/video models, commercial use rights, and edit access for guest collaborators.
  2. Ray3.2 API Pay-as-you-go: Usage-based API billing with no minimum commitment. T2V/I2V at 540p 5s = $0.15, scaling to 1080p 10s = $3.60. V2V, Reframe, and Modify priced similarly. HDR is 2x SDR, HDR+EXR is 3x SDR. Dedicated Scale tier available with SLAs.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyPlus plan: access to Luma and third-party models with edit access for guest collaborators
SubscriptionMonthlyPro plan: 4x usage with Luma Agents
SubscriptionMonthlyUltra plan: 15x usage with Luma Agents
SubscriptionAnnualTeam plan: shared credits, team management, analytics, SSO
SubscriptionMulti-year contractEnterprise plan: custom fine-tuning, dedicated training, enterprise commitments
Usage-basedPay-as-you-goAPI Build tier: pay per image/video, no commitment
Usage-basedAnnualAPI Scale tier: dedicated capacity with guaranteed throughput and latency SLA
Usage-basedPay-as-you-goUni-1.1 API token pricing

Go-to-market motion1 record

Distribution channels11 records

Marketing channels12 records

Luma AI product offering

Product offering

Core offering

Luma AI develops and operates a creative agent platform that orchestrates video, image, audio, and text generation through its proprietary foundation models (Ray3.2 for video, Uni-1 for image) alongside integrated third-party models. The platform enables enterprise creative teams, advertising agencies, studios, developers, and individual creators to produce cinema-grade video, on-brand image assets, and end-to-end campaigns via web apps, a developer API, and enterprise deployments.

Product overview

Luma AI offers a unified multimodal AI platform anchored by Luma Agents, the core product that orchestrates specialized models across video, image, audio, and text within a single creative workflow with shared context. The platform is built on Luma's proprietary flagship models: Ray3.2 for video generation (the world's first reasoning video model with native HDR and EXR export, supporting up to 16 keyframes per clip and 1080p output up to 20 seconds) and Uni-1 for image generation (a decoder-only autoregressive transformer that unifies text and image reasoning). These models are complemented by the Dream Machine video platform, the Ray3.14 and Ray3 Modify variants for different video workflows, the Open Physical AI Lab research initiative for world models and robotics, and Luma Skills for repeatable creative workflows. The platform is accessible via consumer web apps (AI Video Generator, AI Video Generator from Image), the Dream Machine studio, and a developer API supporting Python, JavaScript/TypeScript, and Go SDKs with REST endpoints. Enterprise tiers (Luma Enterprise) add SSO, dedicated Forward Deployed Creatives, and custom fine-tuning, while specialized programs serve education (Luma for Education) and creators (Creative Partner Program). The platform also integrates third-party models including ElevenLabs for audio, Google Veo 3.1 for video, Kling for video, and GPT Image 2 for images.

Differentiator

Problem solved

Functional benefit

Brands

  • Ray: Reasoning-driven video generation model family (Ray, Ray2, Ray3, Ray3.14, Ray3.2) used to generate cinematic video from text, image, and video inputs.
  • Uni-1
  • Luma Agents
  • Dream Machine

Products and services

  • Luma Agents Core platform product consisting of creative agents that plan, generate, iterate, and refine creative work end-to-end with shared context across teams, operating across video, image, audio, and text. Agents coordinate built-in editing and refinement within the same project, scale execution in parallel, and carry context from planning through final assembly.
  • Ray3.2 Flagship video generation model with frame-level control via multi-keyframe (up to 16 keyframes per clip), 1080p output up to 20 seconds, native HDR Generation (10/12/16-bit), and 16-bit EXR Export for professional production pipelines. Supports text-to-video, image-to-video, video-to-video (Modify Video V2), and Reframe. Now available as a full API.
  • Ray3 The world's first reasoning video model with an internal reasoning system that interprets prompts, infers intent, and plans how scenes should unfold before rendering. Achieves state-of-the-art performance alongside Veo3 in independent evaluations.
  • Ray3.14 Next-generation video generation model offering native 1080p video output, 3x cheaper and 4x faster than prior Ray models, designed for professional animation and cinematic workflows with HDR Generation and EXR Export capabilities.
  • Ray3 Modify Hybrid-AI model for enhancing and editing actor performances in videos within Dream Machine. Enables realistic manipulation of performances with control over motion, timing, and emotional delivery, addressing limitations of early AI video systems.
  • Uni-1 Multimodal reasoning image model built on Unified Intelligence architecture. A decoder-only autoregressive transformer where text and image tokens share a single sequence as input and output. Ranks #1 on Human Preference Elo for Overall, Style & Editing, and Reference-Based Generation; #2 for Text-to-Image. Supports up to 9 reference inputs for character/style preservation.
  • Uni-1.1 API REST API for the Uni-1.1 image generation model with Generate Image and Modify Image endpoints. Supports up to 9 reference inputs per request with natural-language editing. Already in production with partners including Envato, Comfy, Runware, Flora, Krea, Magnific, Fal, and LovArt.
  • Dream Machine AI video generation platform that hosts the Ray model family including Ray3, Ray3.14, Ray3.2, Ray3 Modify, and Modify Video V2 capabilities. Combines photorealistic generation with professional-grade editing tools including precision frame refinement, smart erase & fill, subject-aware editing, and prompt editing.
  • Luma API Developer API exposing the full control surface of Ray3.2 for video generation and Uni-1.1 for image generation. Available via REST with Python, JavaScript/TypeScript, and Go SDKs. Two tiers: Build (pay-as-you-go, no commitment) and Scale (dedicated capacity with SLA).
  • Luma Enterprise Enterprise offering with dedicated Forward Deployed Creatives, enterprise-grade SSO, access controls, brand customization, unlimited generations across media types, and custom fine-tuning options for large organizations.
  • AI Video Generator (Consumer Web App) Consumer-facing AI video generator web app that turns text descriptions, images, and prompts into cinematic production-quality video. Powered by Ray, providing native 1080p output with HDR support and EXR export. Free to try.
  • AI Video Generator from Image Image-to-video generator powered by Ray, turning static images into cinematic video. Ray reasons about the scene (subject, depth, lighting) before rendering, producing 1080p output up to 20 seconds with physics-aware motion and cinematic camera control from plain language.

Quantifiable outcome

  • AI tools reduced video production costs by 91%, from ~$4,500 to ~$400 per minute of professional video (industry-wide statistic cited by Luma)
  • +6 more outcomes

Companies that use Luma AI

Customer profile

Named customers22 records

Segments10 records

Ideal customer profiles6 records

Luma AI technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability14 records

Feature10 records

Luma AI partnerships and signals

Strategic signal

Partnerships

28 partnerships are on record, tiered tier-1, tier-2 and flagship / tier-1.

  • Wonder Projecttier-1Strategic or Co-development Partner · 1 June 2026Launched Innovative Dreams, a production services company combining generative AI and traditional filmmaking, backed and supported by Amazon Web Services. Jon Erwin (Founder of The Wonder Project) publicly endorsed Luma as embedding generative AI directly into the production pipeline.
  • Boundless (South African creative agency)tier-2Channel Partner/ Reseller/ Distributor · 1 April 2026Boundless produced Mazda's first AI-produced commercial using Luma Agents and signed an agreement to integrate Luma AI's technologies across future client work. Campaign for Mazda MX-5 re-entry into South African market completed in less than two weeks.
  • Amazon Web Services (AWS)tier-1Technology or Integration · 1 April 2026AWS supports the Wonder Project and Luma's Innovative Dreams production services company, providing cloud infrastructure for combining generative AI and traditional filmmaking.
  • Publicis Groupe Middle Eastflagship / tier-1Channel Partner/ Reseller/ Distributor · 1 February 2026Publicis Groupe Middle East selected Luma AI as its preferred generative AI technology partner for advertising and creative production across Saudi Arabia and the wider MENA region. The collaboration leverages Project Halo's 2GW AI supercluster to power next-generation generative AI applications at scale. Bassel Kakish (CEO Publicis Groupe Middle East & Turkey) publicly endorsed Luma.
  • Serviceplan Grouptier-1Channel Partner/ Reseller/ Distributor · 1 February 2026Serviceplan Group has launched a strategic partnership with Luma AI to deploy AI for creative work across its global operations, making it the first of the world's largest agency groups to standardize AI for creative work at scale. Embeds AI into professional workflows spanning strategy, creative development, content production, and delivery across Serviceplan Group's 43 global locations and 6,500+ professionals.
  • NVIDIAtier-1Strategic or Co-development Partner · 1 December 2025Nvidia-backed Luma AI announced $4B expansion in London. Project Halo partners with NVIDIA for AI infrastructure targeting up to two gigawatts of capacity by the early 2030s in collaboration with NVIDIA and AMD.
  • WPP / Monks (Jason Day joined Luma from)tier-2Others · 1 December 2025Jason Day, formerly of WPP and Monks, was appointed as Head of EMEA at Luma AI to lead international business development from London, supporting growth plans across Europe, the Middle East, Africa, and Saudi Arabia.
  • Cisco Systemstier-1Strategic or Co-development Partner · 1 November 2025Co-founded AI joint venture with AMD and Saudi Arabia's HUMAIN to build AI data centers in the Middle East. Launched with a 100-megawatt project in Saudi Arabia, with Luma as first customer. AMD and Cisco are minority shareholders sharing profits and losses while Humain leads. Plans to build up to one gigawatt of data centers by 2030.
  • Adobeflagship / tier-1OEM/ Whitelabel/ Licensing Partner · 1 October 2025Ray2 integrated into Adobe Firefly and Firefly Boards (April 2025). Adobe MAX 2025 announced a dozen generative AI models available within Creative Cloud, including Luma AI's models alongside Google, OpenAI, and Runway. Luma AI models available in Firefly mobile app for iOS and Android. Adobe described Luma as a key integration partner.
  • Oracle (Oracle Cloud Infrastructure / OCI)tier-2Technology or Integration · 1 October 2025Luma AI selected Oracle Cloud Infrastructure (OCI) for high-performance GPU clusters, low-latency networking, and reliable global infrastructure to support large-scale AI model training, inference, and deployment.
  • Feature.iotier-2Strategic or Co-development Partner · 1 June 2025Strategic partnership with Luma AI to power next-gen personalized experiences in the engagement economy, announced June 2025.
  • Freepik (now Magnific)tier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Envatotier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Faltier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Comfytier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Floratier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Runwaretier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Kreatier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Lovarttier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API. Production commitment for Uni-1.1 API.
  • Weavytier-2Technology or IntegrationAPI partner building with Luma's Ray3.2 video generation API.
  • ElevenLabstier-2Technology or IntegrationElevenLabs models (v3 text-to-speech, SFX v2 sound effects, Music v1 music generation) are integrated into Luma Agents as partner models for audio generation.
  • Google (Veo 3.1)tier-2Technology or IntegrationVeo 3.1 video model integrated into Luma Agents as partner model for users to switch between models without leaving Luma.
  • ByteDance (Seedance 2.0)tier-2Technology or IntegrationSeedance 2.0 video model integrated into Luma Agents as partner model.
  • Kuaishou (Kling 3.0, Kling Omni)tier-2Technology or IntegrationKling 3.0 and Kling Omni video models integrated into Luma Agents as partner models.
  • OpenAI (GPT Image 2)tier-2Technology or IntegrationGPT Image 2 and GPT Image 1.5 models integrated into Luma Agents as partner models.
  • Google DeepMind (Nano Banana, Nano Banana Pro)tier-2Technology or IntegrationNano Banana and Nano Banana Pro image models integrated into Luma Agents as partner models.
  • ByteDance (Seedream)tier-2Technology or IntegrationSeedream image model integrated into Luma Agents as partner model.
  • Hartbeattier-2GTM or Marketing PartnerHartbeat and Luma AI partnered on Prompt Side Story, a first-of-its-kind live AI film event at LA Tech Week in October 2025.

Scale indicators14 records

Recent moves8 records

Expansion highlights7 records

Luma AI competitors and assessment

Company assessment

Direct peers

  • Runway: Runway is the closest direct competitor to Luma in AI video generation (Gen-3/Gen-4) with a similar creative-pro audience and enterprise motion. Both sell production-quality video models to agencies, studios, and brands, and both offer Hollywood-grade integration.
  • OpenAI: OpenAI's Sora competes head-to-head with Ray3.2 in frontier text-to-video and is integrated alongside Luma inside Adobe Firefly and Luma Agents. Direct overlap in image generation (GPT Image 2) versus Uni-1 makes OpenAI a primary peer despite its broader scope.
  • Google DeepMind: Google's Veo 3.1 competes directly with Ray3.2 in reasoning-driven text/image-to-video, and Nano Banana competes with Uni-1. Veo 3.1 is integrated as a switchable model inside Luma Agents, underscoring head-to-head product overlap.
  • Pika: Pika is a venture-backed AI video generation startup targeting the same creator, marketing, and prosumer segments as Luma's Dream Machine. Comparable business model (subscription tiers, creative-led GTM) and product category make it a tight direct peer.
  • Midjourney: Midjourney competes with Uni-1 in frontier image generation and has expanded into video (Midjourney Video), sharing the same creative-pro, agency, and studio target customers as Luma. Both compete on Human Preference Elo rankings.
  • Stability AI: Stability AI is a foundation-model lab offering competing open/closed image, video, and multimodal models (Stable Diffusion, Stable Video) with an API and enterprise motion similar to Luma's. Direct overlap in generative video/image and developer ecosystem.
  • Kuaishou (Kling): Kuaishou's Kling 3.0/Kling Omni compete with Ray3.2 in high-resolution text/image-to-video and are integrated inside Luma Agents as switchable models. Strong product parity and shared enterprise/creator GTM make it a primary international peer.
  • ByteDance (Seedance / Seedream): ByteDance's Seedance 2.0 (video) and Seedream (image) compete with Ray3.2 and Uni-1 respectively, and are integrated inside Luma Agents. Comparable frontier model quality and shared target customers in marketing/entertainment.

Broad incumbents

  • Adobe (Firefly): Adobe's Firefly and Creative Cloud suite embed Luma as a third-party model while also competing with proprietary Firefly Video/Image models. Adobe is both a distribution partner and a broad incumbent across the same creative professional customer base.

Others

  • ElevenLabs: ElevenLabs is a strategic integration partner whose audio models (TTS, SFX, music) are embedded in Luma Agents. Not a direct video/image competitor, but a key adjacent frontier-AI peer that jointly defines Luma's multimodal creative stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Luma AI social profiles

Digital presence

Luma AI compliance and trust

Trust signal

Compliance2 records

Luma AI financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Luma AI leadership team

Management profile

Number of profiles

Profiles2 records

Luma AI subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Luma AI funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Luma AI M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Luma AI

What does Luma AI do?

Luma AI develops and operates a creative agent platform that orchestrates video, image, audio, and text generation through its proprietary foundation models (Ray3.2 for video, Uni-1 for image) alongside integrated third-party models. The platform enables enterprise creative teams, advertising agencies, studios, developers, and individual creators to produce cinema-grade video, on-brand image assets, and end-to-end campaigns via web apps, a developer API, and enterprise deployments.

Is Luma AI a public or private company?

Luma AI is a private company. It is classified as venture growth investor backed and is currently operating.

When was Luma AI founded?

Luma AI was founded in 2021. It employs 101 to 250 people.

Where is Luma AI based?

Luma AI is headquartered in Palo Alto, United States, in the North America region.

How does Luma AI make money?

Two revenue lines are on record. Luma App Subscription Plans are the primary driver. The others are ray3.2 API Pay-as-you-go.

Who are Luma AI's main competitors?

Direct peers on record are Runway, OpenAI, Google DeepMind, Pika, Midjourney, Stability AI, Kuaishou (Kling) and ByteDance (Seedance / Seedream). Adobe (Firefly) is listed as a broad incumbent. ElevenLabs is listed as an others.

Does Luma AI have an API?

Yes. Luma offers a public REST API for the Ray3.2 video generation model and the Uni-1.1 image generation model, hosted at platform.lumalabs.ai. The API exposes video generation endpoints including text-to-video, image-to-video, video-to-video (Modify Video V2), Reframe, Multi-Keyframe (up to 16 keyframes per clip), native HDR generation, and 16-bit EXR export. The Uni-1.1 API provides Generate Image and Modify Image endpoints supporting up to nine reference inputs per request with natural-language editing. SDKs are available in Python, JavaScript/TypeScript, and Go. Pricing is usage-based with two tiers: Build (pay-per-use, no minimum commitment, rate limits apply, no latency SLA) and Scale (dedicated capacity with guaranteed throughput and latency, includes SLA, moderation, prompt enhancement). V2V outputs are supported up to 20 seconds at 1080p. The API also includes support for extending, interpolating, and outpainting prior videos. Developer documentation is at docs.agents.lumalabs.ai.

What industry is Luma AI in?

Luma AI's product category is Generative AI Video & Image Platform. Its primary akta.pro industry code is HDAEANAA, End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management), with a secondary code of HDAEANAC, Model Serving, Inference & Deployment Platforms (APIs, Edge/On-Prem). Its NAICS code is 513210.

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Live signals
BloombergWatch Luma AI Bets on ‘Hybrid’ Future for Hollywood - BloombergLuma AI's COO Caroline Ingeborn said the company's AI tools can lower production costs and speed up filmmaking while preserving creative control. She cited a collaboration with director John Krasinski on the Amazon series 'Moses' as a hybrid filmmaking example. Luma aims to bring production back to Los Angeles by making ambitious projects faster and easier.TechBullionFrom Still Image to Moving Clip: 5 AI Image-to-Video Tools Compared by WorkflowFive AI image-to-video tools—Vidou, Runway, Pika, Luma AI, and Adobe Firefly—are compared by workflow, with Vidou noted as the simplest for straightforward animation. Runway offers detailed production control, Pika focuses on experimentation, Luma provides advanced generative features, and Firefly integrates into Adobe's ecosystem. The article advises testing each tool with the same image to choose the best fit.MediaPostAI Makes Creatives Faster, Brands Cheaper, Agencies More ExpensiveA new report from Luma AI found that 81% of creative professionals have released AI-generated content. The report suggests AI is becoming a routine part of creative work, though its role as collaborator, cost-cutting device, or replacement remains uncertain.AdweekAI Has Reached Creative Teams—Now Comes the Hard PartLuma's annual survey of 760 creative professionals found 81% use AI, but only 4.3 of 6.1 tools are adopted, with video creation lagging. Luma's AI agents, demonstrated with Oakley, automate workflows while keeping human authorship.WebProNewsWorld Models Demand True Intelligence, Not Just Scaled Data: Luma AI CEOLuma AI CEO Amit Jain argued that world models require genuine intelligence, not just scaled data, to produce coherent simulations. He said current systems optimize for visual appeal, leading to physically inconsistent outputs. Jain's comments suggest Luma AI is pursuing architectural innovations beyond pure scaling.MarTech SeriesNew Luma Study Finds AI Has Become Mainstream Among Creative Professionals, But Human Judgment Remains the Industry’s Defining AdvantageLuma released its inaugural report on creative professionals and AI, finding 81% have released AI-assisted content. However, 62% are concerned about overreliance, and leaders integrate AI more deeply while maintaining human oversight. The study highlights a gap between tool access and workflow integration.FinancialContent Business PageNew Luma Study Finds AI Has Become Mainstream Among Creative Professionals, But Human Judgment Remains the Industry's Defining AdvantageLuma released its inaugural 'State of Creative Professionals and AI: 2026' report at Brandweek, finding 81% of creative professionals have released AI-generated content. However, 62% are concerned about overreliance on AI, and leaders integrate AI more deeply while maintaining human oversight.FwdstartHUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosedHUMAIN, a PIF-backed Saudi AI company, has begun recruiting for IPO preparation, though no valuation or listing date has been announced. The company has not disclosed revenue, EBITDA, or profit figures, and its IPO timeline remains preliminary. Investors will need to see revenue and margin details before a listing.Startup SceneLuma AI to Launch Fully Arabic Interface for Creative PlatformLuma AI will launch a fully native Arabic-language interface for Luma Agents later this year, making Arabic the first non-English interface on its unified AI creative platform. The update localizes navigation, menus, and workflow tools, targeting creative professionals in Saudi Arabia and the wider MENA region.FwdstartHUMAIN says planned $10B global VC fund could be larger, unveils separate Saudi-focused vehicleHUMAIN said its planned $10B global AI venture fund could launch larger by end of 2026, after a $3B bet on xAI. The company will create HUMAIN Limitless, a separate Saudi-focused AI investment vehicle, and targets six gigawatts of AI data centre capacity by 2034.