Ray Industrial CT technology developer, said that it had closed a Funding Tour in the C series of $ 75 million. This funding cements the position of the company as a leader in advanced manufacturing, as the United States renewed the emphasis on manufacturing supremacy and companies around the world reconfigure their supply chains in response to strategic threats. IVP directed the Round, which includes the new partners of Venture Investors G2 and Wellington Management with existing investors Spark Capital, DCVC, Kleiner Perkins, Lux Capital and Matter Venture Partners.
This marks an important step in the business growth trajectory and will advance the development of more -scale applications and the deployment of new generation CT solutions.
Lumafifield technology transforms what is possible in manufacturing, equipping tools with tools to push the limits without inviting risks. Manufacturing becomes a problem of national security and global power, the inspection of precision has never been so essential. And the industrial X -ray scanners from Lumafield and the analysis software powered by AI give manufacturers the possibility of detecting defects before degenerating in costly failures and reminders. Lumafifield customers include managers in a wide range of industries, electric vehicles and medical devices for sports equipment and consumption packaging.
With this funding, Lumafild advances its expansion in factory applications, advances the hardware and software to respond to the demands of the most demanding brands in the world. And by integrating a non -destructive high -resolution inspection directly into the production lines, Lumafild transforms quality control into a strategic advantage, giving engineers the possibility of providing the next generation of revolutionary products without the drawbacks of manufacturing defects.
Lumafifield has tripled its annual recurring income (arr) in each of the last two years, demonstrating the strength of its business model, which includes both the hardware and software as a service. Lumafifield products include Neptune, an easy -to -use industrial X -ray scanner for product developers and quality laboratories; Traveling, Cloud -based analysis software for CT data and quality management; And Triton, an inspection platform lends to the factory for quality control which can capture CT scans as little as 0.1 seconds. And these products have created an era of accessible CT technology, with 85% of Lumafifield customers using CT scanning for the first time, and positioned the company for its next rapid growth phase.
During the past year, Lumafild has brought several product and technological breakthroughs on the market that promise to speed up the adoption of its scanners and software. And these are in particular ultra-fast CT, a technology that reduces the time necessary to execute a scanner of more than 100 times.
The advance promises to make TDM of X-rays a practical inspection technology for industries as diverse as consumption packaging, optics and in combination with the new Lumafifield battery analysis module, lithium-ion batteries which are essential to the large-scale deployment of electric vehicles, energy storage on the network and electronics of consumption of next generation.
Lumafild also revealed that Bill Cronin had joined his management team as income manager, where he will focus on driving the expansion and adoption of the Lumafifield market. And Cronin was previously income director at Xometry, where he led the company to significant sales growth, from $ 2 million a year to more than $ 450 million, and guided the Xometry Market Public Public Call (IPO) in 2021.
Key quotes:
“We are delighted that IVP and our partners join us to transform American manufacturing. More than ever, this country must invest in advanced technologies that maintains the competition of American industry, builds unstoppable supply chains and stimulates global innovation. »»
“Industrial CT has been locked in specialized laboratories and accessible only to massive companies for too long. By demolishing the barriers of speed, cost and complexity, we put this powerful technology directly in the hands of manufacturers of all sizes. This means a faster marketing time, fewer hidden problems and the freedom to push the limits without fear. We are on a mission to overeat American manufacturing – and we will not rest until we have made the inspection of an essential tool in the toolbox of each team of products. »»
- Eduardo Torrealba, co-founder and CEO of Lumafield
“Lumafifield is at the forefront of a technological revolution in manufacturing during a period of deep disturbance of the supply chain. By democratizing access to industrial CT, Lumafifield gives companies precision and speed to catch problems before becoming expensive problems. Eduardo and his team are already working with industry leaders and have a huge opportunity to develop on a global scale. »»
- Shravan Narayen, partner at IVP
“The manufacturing sector undergoes a seismic change. I have seen from the first hand how transformative technologies can redefine entire industries, creating new workflows, improving the quality and unlocling of unimaginated digitization opportunities before. Lumafifield is at the forefront of this transformation, bringing a revolutionary approach to the industrial inspection. I am delighted to help put the impact of Lumafild on scale and put this revolutionary technology in the hands of manufacturers who seek to rethink quality control and build the next generation of products that change in the world. »»