LightOn is a French generative AI company that develops AI models and related technologies. The company secured a bond financing package in 2024 to extend its cash runway through the end of 2027. The financing is structured as non-interest-bearing, unsecured debt split between convertibles and plain bonds, which can convert into equity under specified terms. The convertible tranche was sold at a 92% face-value discount, creating potential future dilution if converted. LightOn described the funding as sufficient to cover its funding needs through 2027, indicating its current financial plan centers on extending runway via hybrid debt instruments.

Total raised

$8M

Funding rounds

3

Latest round

Convertible Note

Latest activity

Apr 2026