Luminary Cloud raised $115M in a funding series TBD led by Sutter Hill Ventures to provide a computer-aided engineering SaaS platform for various industries.

Mar 18, 2024•over 1 year ago

Amount Raised

$115 Million

Round Type

series a

San MateoSaasSoftware

Investors

Sutter Hill Ventures

Description

Luminary Cloud, a San Mateo-based computer-aided engineering SaaS platform, announced a $115 million funding round led by Sutter Hill Ventures. The company aims to solve challenges in industries such as aerospace and defense, automotive, and industrial equipment.

Company Information

Company

Luminary Cloud

Location

San Mateo, California, United States

About

Luminary Cloud is the world’s first modern computer-aided engineering SaaS platform that provides engineers insights in minutes,allowing for quick simulation, analysis, and iteration that were once impossible. We call this realtime engineering. The company was founded in 2019 by Jason Lango, an expert in high-performance computing, cloud-based infrastructure, and cloud security, and Juan Alonso, the founder of Stanford’s Aerospace Design Laboratory and former director of NASA Aeronautics research programs. Customers span industries from cutting-edge electric vertical take-off and landing (eVTOL) aircraft to leading sporting equipment providers, including Joby Aviation, Piper Aircraft, Trek Bikes and Cobra Golf (a subsidiary of Puma).

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