Optical Processing Breakthrough Addresses Limitations of AI Compute
Lumai, an AI accelerator startup using optics to address global computational challenges, today announced that it has secured more than a $10 million investment.
Lumai’s revolutionary optical computing technology will help AI data centers dramatically reduce costs and boost performance – while simultaneously minimizing energy consumption.
The round was led by VC investor Constructor Capital, which works with visionary founders
building ground-breaking companies across the deep tech sector. It was also supported by
existing investor IP Group, alongside new investors PhotonVentures, Journey Ventures, LIFTT,
Qubits Ventures, State Farm Ventures, and TIS Inc. Lumai will use this investment to support its
next stage of growth – advancing product development, doubling its headcount, and expanding
its U.S. presence.
This investment comes at a pivotal time for the industry as power-hungry AI models and the drive to artificial general intelligence are pushing silicon-based compute to its limits. With data center power use in the U.S. expected to triple by 2028, consuming up to 12% of the country’s power*, the time is now to address the performance and sustainability challenges plaguing the industry.
