Lumafield, a developer of accessible X-ray CT technology, announced it has closed a $35M Series B funding round from new and existing investors, achieved a major new AI-driven performance breakthrough and appointed two prominent executives to its board of directors.
The company has raised a total of $67.5M to date, including a combined $32.5M in its Seed and Series A funding rounds. Spark Capital led the Series B round, which also included participation from existing investors Lux Capital, Kleiner Perkins, Data Collective and Future Shape.
Lumafield also announced the appointment of Victoria Holt and Santo Politi to the company's board of directors. Holt was previously CEO of Protolabs and is a member of the boards of directors of Waste Management, A.O. Smith and Piper Sandler. Politi is founder and General Partner of Spark Capital, where his investments have included Oculus, Twitter, Wayfair and Plaid.
Faster AI-Driven Scans Bring CT to the Factory Floor
"When Lumafield emerged from stealth in April 2022, it offered the world's first accessible industrial X-ray CT platform," said a spokesperson. "Lumafield's Neptune industrial CT scanner is an order of magnitude less expensive than legacy systems, and it brought this powerful technology to engineering teams that had never been able to afford industrial CT before."
Now, Lumafield has made its Neptune scanner more than 300X faster, allowing it to scale from one-off scans in product development labs all the way to serial inspection in high-volume manufacturing operations.
Behind the speed increase is a significant development in artificial intelligence. CT scanners work by capturing a series of 2D X-ray images from different angles, then reconstructing them into a 3D model using software.
"Lumafield's AI allows the company's reconstruction process to achieve the same high-quality results with fewer 2D X-ray images, reducing the time required to run a scan," said the spokesperson. "New improvements in Lumafield's software also make it possible to skip certain steps in the reconstruction process before performing automated analysis, which cuts processing time. As a result, scans that previously took several hours can now run in a minute or less, finally making industrial CT a practical technology for quality assurance on factory floors. Combined with factory automation systems, Lumafield's scanner and software can inspect products at high volume, automatically flagging problems such as dimensional inaccuracies and the presence of pores and cracks."
"Industrial CT has been out of reach for most production lines-until now," said Eduardo Torrealba, Lumafield co-founder and CEO. "With these speed improvements and Lumafield's low price point, it is now possible to implement 100% inspection with CT, catching invisible issues before they become costly problems."
For more information contact:
Lumafield
38 Cameron Ave., Ste. 100
Cambridge, MA 02140
sales@lumafield.com
www.lumafield.com