Luma AI, an artificial generative intelligence start-up based in the US, has raised $900 million in a Series C funding round, led by HUMAIN, an AI company owned by Saudi Arabia’s Public Investment Fund, with involvement of AMD Ventures and existing investors Andreessen Horowitz, Amplify Partners, and Matrix Partners.
Its capital and computing infrastructure will speed up the process of Luma AI developing a multimodal artificial general intelligence model, an AI that can create, comprehend, and act in the physical world.
However, HUMAIN’s JV with AMD, Cisco, and Luma will introduce a mega data center with 1GW AI infrastructure in the kingdom by the year 2030.
Luma AI indicated that the new funding, which was declared at the US-Saudi Investment Forums, will enable it to speed up its designs to develop products in HUMAIN that comprehend and simulate reality in robotics, entertainment, advertising, gaming, and personalized education.
Therefore, Luma AI will be a customer of HUMAIN, which is constructing Project Halo, a 2-gigawatt AI supercluster in Saudi Arabia to train world models and create culturally fit AI for the MENA market.
HUMAIN featured in a wave of partnerships announced on the visit of the Crown Prince Mohammad bin Salman Al Saud to the US, which included a partnership with the xAI of Elon Musk, the two companies signing a framework agreement to construct low-cost GPU data centers in Saudi Arabia.
Another Groq agreement was also made by HUMAIN, as it agreed to Saudi Arabia’s Groq-powered inference capacity.
With a flurry of infrastructure announcements, HUMAIN and Global AI will create high-density AI data centers in the US with NVIDIA infrastructure.
The Saudi Crown Prince has committed to ramping up Saudi investments in his first meeting with US President Donald Trump, as Saudi to increase its investments in the US up to $1 trillion from the $600 billion announced when Trump visited Saudi Arabia in May.
