Luma has released Ray2, its latest AI model for video generation. The new model has been scaled to 10 times the compute power of its predecessor and uses a new multimodal architecture. Luma says it's better at natural-looking movement and fine details, while maintaining consistency throughout each scene. Text-to-video generation is available to subscribers through Luma's Dream Machine platform, with image-to-video, video-to-video, and editing tools in upcoming releases. The company also plans to make Ray2 accessible through its API soon.
Silicon Valley-based 3D AI startup Luma AI has raised $43 million in a Series B funding round exclusively backed by a16z. This follows a $20 million Series A round from investors including Amplify Partners, NVIDIA and General Catalyst. Luma AI, founded in 2021, specializes in 3D content generation and reconstruction, offering features like 3D photos and videos, image to 3D, video to 3D, and text to 3D. The company's core technology, NeRF, enables the creation of 3D scenes from 2D images. Luma AI recently launched its text-to-3D tool, Genie, which can help you create 3D assets faster.
