Lumafield Announces $75 Million Series C Funding
Lumafield, a developer of industrial X-ray CT technology, has announced it has closed a $75 million Series C funding round. The funding solidifies the company’s position as a leader in advanced manufacturing as the U.S. renews its focus on manufacturing supremacy and companies around the world reconfigure their supply chains in response to strategic threats.
Lumafield’s technology is redefining what’s possible in manufacturing, equipping engineers with the tools to push boundaries without inviting risk. As manufacturing becomes an issue of national security and global power, precision inspection has never been more critical. Lumafield’s industrial X-ray CT scanners and AI-powered analysis software give manufacturers an unmatched ability to detect flaws before they escalate into costly failures and recalls. Lumafield’s customers include fast-growing leaders in a wide range of industries, from electric vehicles and medical devices to athletic equipment and consumer packaging.
With this funding, Lumafield is accelerating its expansion into factory applications, advancing hardware and software to meet the demands of the world’s most exacting brands. By embedding high-resolution, non-destructive inspection directly into production lines, Lumafield is turning quality control into a strategic advantage—giving engineers the ability to deliver the next generation of breakthrough products without the downside of manufacturing defects.
Hardware and Software as a Service
Lumafield has tripled its annual recurring revenue (ARR) in each of the last two years, demonstrating the strength of its business model, which includes both hardware and software as a service. Lumafield’s products include Neptune, an easy-to-use industrial X-ray CT scanner for product developers and quality labs; Voyager, cloud-based analysis software for CT data and quality management; and Triton, a factory-ready inspection platform for high-volume quality control that can capture CT scans in as little as 0.1 seconds. These products have ushered in an era of accessible CT technology, with 85% of Lumafield’s customers using CT scanning for the first time, and have positioned the company for its next phase of rapid growth.
“Industrial CT has been locked away in specialized labs and accessible only to massive corporations for too long. By tearing down the barriers of speed, cost, and complexity, we’re putting this powerful technology directly into the hands of manufacturers of every size. That means faster time to market, fewer hidden problems, and the freedom to push boundaries without fear. We’re on a mission to supercharge American manufacturing—and we won’t rest until we’ve made CT inspection an essential tool in every product team’s toolbox” said Eduardo Torrealba, Lumafield’s Co-Founder and CEO
Over the last year, Lumafield has brought several product and technology breakthroughs to market that promise to accelerate the adoption of its scanners and software. These include Ultra-Fast CT, a technology that reduces the time required to run a CT scan by more than 100X. The advance promises to make X-ray CT a practical inspection technology for industries as diverse as consumer packaging, optics, and—in combination with Lumafield’s new Battery Analysis Module—lithium-ion batteries that are essential to the widescale deployment of electric vehicles, grid-scale energy storage, and next-generation consumer electronics.
Head of Revenue Appointed
Lumafield also announced that Bill Cronin has joined its executive team as Head of Revenue, where he will focus on driving Lumafield’s expansion and market adoption. Cronin was previously Chief Revenue Officer at Xometry, where he led the company to significant sales growth—from $2 million per year to over $450 million—and guided Xometry’s go-to-market team through its successful initial public offering (IPO) in 2021.
“The manufacturing sector is undergoing a seismic shift,” said Cronin. “I’ve seen firsthand how transformative technologies can redefine entire industries—creating new workflows, improving quality, and unlocking previously unimagined digitization opportunities. Lumafield is at the forefront of this transformation, bringing a game-changing approach to industrial inspection. I’m excited to help scale Lumafield’s impact and put this groundbreaking technology into the hands of manufacturers looking to rethink quality control and build the next generation of world-changing products.”
For more information: www.lumafield.com
