Led · Series E · Feb 2026

xAI develops state-of-the-art artificial-intelligence models and related platform technology, positioning itself as a frontier provider of advanced AI capabilities. The company’s Grok models are slated for deployment in Saudi Arabia through a 500 MW joint data-center and compute-infrastructure initiative with strategic partner HUMAIN. xAI is on the cusp of being acquired by SpaceX, a transaction that will marry its AI expertise with SpaceX’s global scale and engineering resources. The merger is expected to accelerate product integration and platform expansion across both terrestrial and space-oriented applications. Financially, xAI just closed a multi-billion-dollar Series E round, its final fundraising before the SpaceX acquisition, reinforcing investor confidence in its technology and growth trajectory. HUMAIN’s investment converts into SpaceX equity upon completion of the merger, providing continuity of long-term capital support for xAI’s roadmap.

Led · Series C · Nov 2025

Luma AI is building multimodal AGI that learns from video, images, audio, and language to simulate reality and assist humans in real-world tasks. Its flagship platform, Dream Machine, lets creatives generate professional-grade video and images, while its Ray3 model enables physically accurate video and animation and is already embedded in Adobe products and used by leading studios and advertisers. The company’s technology is offered via subscription or API and is adopted by entertainment studios, ad agencies, and technology leaders such as Adobe and AWS. With the newly secured capital and access to HUMAIN’s forthcoming 2-gigawatt Project Halo supercluster, Luma AI plans to train large-scale world models that can power applications in robotics, simulation, design, advertising, gaming, and personalized education. The firm will also contribute its models to HUMAIN Create, an initiative to deliver culturally aligned AI for enterprises and governments across MENA. Backers include HUMAIN, Andreessen Horowitz, Amazon, AMD Ventures, NVIDIA, Amplify Partners, Matrix Partners, and prominent angel investors. Financially, the company just raised a $900 million Series C round to fund massive compute needs and accelerate product development, though no revenue or user metrics were disclosed.