Luna Innovations

What Luna Innovations does

Luna Innovations Incorporated is a fiber optic sensing and measurement systems company headquartered in Roanoke, Virginia, organized into two product segments: Sensing and Non-Destructive Testing, and Communications Test and Photonic Control. Its sensing portfolio includes the ODiSI and HYPERION interrogators, terahertz gauging and imaging systems, and acquired platforms OptaSense (distributed acoustic sensing), LIOS (distributed temperature and strain), Silixa (DAS/DTS/DSS), and RIO Lasers (PLANEX laser sources); its communications portfolio spans OBR 4600 and OBR 6200 optical backscatter reflectometers, polarization control instruments, and OEM modules for OCT systems. Revenue is generated predominantly through hardware sales of instruments and systems, supplemented by time-and-materials professional services for installation, training, and technical support, with quote-based enterprise pricing and 30-day payment terms.

The company serves aerospace and defense (NASA, Lockheed Martin, Northrop Grumman, Meggitt), communications and data center operators, automotive and EV battery manufacturers, energy and pipeline operators (TANAP, oil and gas), civil infrastructure owners, and industrial manufacturers. Go-to-market is sales-led and event-driven, combining direct enterprise field sales with consistent presence at SPIE Photonics West, ADIPEC, and structural health monitoring conferences, supported by regional offices in the US (Roanoke, Blacksburg, Atlanta), UK (from Silixa), and UAE (Dubai, Abu Dhabi). Following the OptaSense (2020), LIOS (2023), and Silixa (2023) acquisitions, Luna describes itself as the world's largest fiber optic sensing company, holding nearly 1,000 patents and operating from publicly traded status on OTC Markets (ticker LUNA) after Nasdaq delisting in January 2025.

Name

Luna Innovations

Legal name

Luna Innovations Incorporated

Website

https://lunainc.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Luna Innovations is a fiber optic sensing and measurement company that designs and manufactures distributed sensing interrogators, optical backscatter reflectometers, terahertz gauging systems, and polarization control instruments for aerospace, defense, energy, communications, and infrastructure customers globally.

Ownership category

akta.pro rank

Product category

Fiber Optic Sensing Systems

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Optical Instruments & Lenses (3827), Measuring & Controlling Devices, Nec (3829), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Optoelectronics & Photonics (LED/Laser/Optical ICs) (HDAHAAAH)

akta.pro secondary industries

Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices) (EUADAJAD), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF), Optical & Light Sensors (Photodiodes/ALS/Color/UV) (HDAHALAE)

Keywords

• Fiber optic sensing
• Distributed acoustic sensing
• Optical test equipment
• Structural health monitoring
• Terahertz measurement

Headquarters

HQ city

Roanoke

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Fiber Optic Sensing Products: Sale of fiber optic sensing instruments, interrogators, sensors, and monitoring systems including ODiSI, HYPERION, ATLAS, and OptaSense/LIOS product lines. Products include portable field instruments and fixed monitoring systems for structural health monitoring, pipeline security, and industrial process control.
2. Communications Test and Photonic Control Products: Sale of optical test equipment including OBR reflectometers, polarization control products, optical component test systems, and photonic modules for OEMs and end-users in telecommunications and data center markets.
3. Professional Services: Time and materials based professional services including installation, training, commissioning, and technical support for fiber optic monitoring systems.
4. THz Solutions: Terahertz gauging and imaging products including control units, transmitters/receivers, sensors/gauges, and accessories for thickness measurement in manufacturing processes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Luna Innovations develops, manufactures, and sells fiber optic-based sensing, measurement, and monitoring systems. Its portfolio includes high-definition distributed fiber optic sensing interrogators (ODiSI), high-speed multipoint interrogators (HYPERION), optical backscatter reflectometers (OBR 4600 and 6200 series), terahertz gauging and imaging systems, polarization control products, distributed acoustic sensing platforms (ATLAS, iDAS), linear heat detection systems (LIOS DE.TECT), and OEM optical sources and modules (RIO Lasers). Products serve structural health monitoring, pipeline security, aerospace sensing, communications network testing, and industrial process control.

Product overview

Luna Innovations offers a comprehensive portfolio of advanced fiber-optic measurement and monitoring systems organized into two main product categories: Sensing and Non-Destructive Testing products, and Communications Test and Photonic Control products. The sensing portfolio includes high-definition distributed FO sensing systems (ODiSI interrogators with 3DVIZ software), high-speed multipoint FO sensing (HYPERION interrogators with ENLIGHT software), terahertz gauging and imaging systems, and acquired brands including LIOS distributed sensing and ATLAS/iDAS acoustic sensing platforms. The communications and photonic testing portfolio features OBR reflectometers (4600 and 6200 series) for fiber network diagnostics, polarization control products (including the Luna MPX 2010 multifunction controller), and OEM components for optical coherence tomography systems. The company also offers RIO Lasers optical sources. Together, these products serve aerospace, automotive, energy, civil infrastructure, communications, and industrial manufacturing markets.

Differentiator

Problem solved

Functional benefit

Brands

• OptaSense: Distributed acoustic sensing (DAS) solutions provider serving energy, defense, mining and infrastructure monitoring markets globally
• LIOS
• RIO Lasers
• ATLAS
• ODiSI
• HYPERION
• OBR

Products and services

• ODiSI Interrogator (7100 Series)
• HYPERION Interrogators
• OBR 4600
• OBR 6200 Series
• Luna MPX 2010 Multifunction Polarization Controller
• ATLAS Acoustic Sensing Platform
• iDAS Intelligent Distributed Acoustic Sensor
• LIOS DE.TECT Linear Heat Detection System
• Terahertz Gauging and Imaging Systems
• RIO Lasers Optical Sources
• Polarization Control Products
• OCT System Components

Quantifiable outcome

• Q3 2025 bookings of $41.6 million, up 8% year-over-year
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature8 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SilixacoreStrategic or Co-development Partner · 21 December 2023Luna acquired Silixa, a UK-based leader in distributed fiber optic sensing solutions. The acquisition adds capabilities in distributed acoustic sensing (DAS), distributed temperature sensing (DTS), and distributed strain sensing (DSS). Silixa brings approximately $30M in annual revenue and 200+ patents. The purchase price was $21.5M upfront cash plus up to $16.5M in earnouts.
• OptaSense Holdings, Ltd.coreStrategic or Co-development Partner · 3 December 2020Luna acquired OptaSense, creating the world's largest fiber optic sensing company. The acquisition was funded by a $27.5M debt facility from PNC Bank. OptaSense provides distributed acoustic sensing technology for infrastructure, energy, and defense applications.
• ABBcoreStrategic or Co-development PartnerLuna collaborated with automation contractor ABB to provide the world's largest fiber optic-based infrastructure monitoring system for the Trans-Anatolian Natural Gas Pipeline (TANAP). Luna provided leak detection, pipeline security, and facility security across the 1,811 km route over a six-year project.
• Lockheed MartincoreStrategic or Co-development PartnerLockheed Martin selected Luna's corrosion monitoring products for NASA Orion spacecraft. Luna products help achieve spacecraft reusability for the Artemis program. The partnership has expanded to include overheat detection systems (BALD) for commercial aircraft.
• MeggittcoreOEM/ Whitelabel/ Licensing PartnerMeggitt and Luna signed an exclusive license agreement for the supply of fiber optic technology for commercial aircraft overheat detection systems (BALD). Luna provides specialized fiber optic components and technologies for next-generation aircraft safety systems.
• Northrop GrummancoreStrategic or Co-development PartnerLuna secured a large, multi-unit, multi-million dollar order for OBR 6200 portable backscatter reflectometers in support of the F-35 Joint Strike Fighter program. The order extended an existing relationship with Northrop Grumman.
• University of Tennessee / IACMIminorStrategic or Co-development PartnerLuna partnered with University of Tennessee and Institute for Advanced Composites Manufacturing Innovation (IACMI) to equip a new composite bridge deck with integrated fiber optic sensors for structural health monitoring.
• OptaSense / OptaSense CustomerscoreStrategic or Co-development PartnerLuna partners with energy companies including those in oil and gas production monitoring. OptaSense products deliver clearer picture of reservoirs with fiber optics for production monitoring services.
• NASAcoreStrategic or Co-development PartnerLuna products selected to support NASA's Orion crewed mission into deep space as part of the Artemis program. Luna's corrosion sensors monitor environments on board the spacecraft for reusability assessment.
• Baker Tilly US LLPcoreOthersBaker Tilly appointed as Luna's new independent accounting firm effective March 20, 2025, following the resignation of Ernst & Young LLP. Baker Tilly will audit consolidated financial statements for fiscal years 2023 and 2024.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• VIAVI Solutions: VIAVI is a leading provider of fiber optic test, measurement, and assurance solutions for communications networks. Directly comparable to Luna's OBR reflectometers, polarization control, and fiber optic network test portfolio serving telecom and hyperscale data center customers.
• EXFO: EXFO develops fiber optic test and measurement instruments for telecommunications and data center networks. Overlaps directly with Luna's fiber optic test solutions including OBR, OTDR, and photonic component test products for similar service provider and hyperscale customers.
• AP Sensing: AP Sensing specializes in distributed fiber optic sensing for temperature, strain, and acoustic monitoring across power, pipeline, and infrastructure applications. Directly comparable to Luna's LIOS and Silixa-acquired distributed sensing solutions.
• Bandweaver Technologies: Bandweaver provides distributed fiber optic sensing solutions for fire detection, pipeline security, and infrastructure monitoring. Directly comparable to Luna's ATLAS and OptaSense distributed acoustic sensing offerings for energy and infrastructure customers.
• OptaSense (now part of Luna): OptaSense was acquired by Luna in 2020 but operates as a retained brand for distributed acoustic sensing. As a fully consolidated subsidiary, it represents an internal benchmark rather than an external peer, though pre-acquisition it competed directly in DAS for pipeline and security applications.
• Silixa (now part of Luna): Silixa was acquired by Luna in December 2023 but operates as a retained brand for distributed fiber optic sensing. Pre-acquisition, Silixa was a direct competitor in DAS, DTS, and DSS for energy, mining, and defense monitoring applications.

Broad incumbents

• Yokogawa Electric: Yokogawa is a global leader in industrial process control, measurement, and sensing solutions. Comparable as a broader incumbent in industrial sensing and instrumentation markets, with overlapping capabilities in distributed temperature sensing and pipeline monitoring applications.
• Keysight Technologies: Keysight is a major electronic test and measurement company. Comparable as a broader incumbent in electronic and photonic test equipment, including optical and electrical signal test solutions for communications, aerospace, and research customers.
• Fortive (Tektronix/Fluke parent): Fortive owns Tektronix and Fluke, both major test and measurement companies. Comparable as a broad incumbent in electronic test, with Tektronix particularly relevant given CEO Kevin Ilcisin's prior role as CTO there, and overlap in optical/electrical test instrumentation.
• Halliburton (FiberLine Services): Halliburton's FiberLine Services division provides distributed fiber optic sensing and intervention services for oil and gas operators. Comparable as a broader incumbent serving the same energy customer base for reservoir monitoring and production optimization applications.

Market position

Strengths5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/lunainnovations
• YouTubeyoutube.com/user/lunainnovations
• Facebookfacebook.com/lunainnovations
• LinkedInlinkedin.com/company/luna-innovations

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Luna Innovations