AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)
PositiveArtificial Intelligence

- Luma AI has raised $900 million in Series C funding led by Humain, achieving a valuation of around $4 billion while partnering on a 2GW AI cluster in Saudi Arabia.
- This investment is pivotal for Luma AI as it enhances its capabilities and market position in the rapidly growing AI sector, particularly in video generation technology.
- The collaboration reflects Saudi Arabia's strategic push towards becoming a leader in AI, leveraging its resources and partnerships to attract global tech investments.
— via World Pulse Now AI Editorial System






