Lumafield plans to use the funds to support technological development. Here are the top-line bullets you need to know.
Lumafield, an X-ray computed tomography (CT) tech startup, has raised $32.5M in a Series A. The round drew participation from DCVC, Kleiner Perkins Caufield & Byers, and Lux Capital.
HOW’S THE COMPANY PERFORMING?
- Massachusetts-based Lumafield offers an X-ray CT scanner for engineering and design teams in the manufacturing industry.
- The company’s client base includes L’Oreal, OXO, Trek Bicycle, WHOOP, and Saucony.
- The startup is supported by a team of 60+ employees.
- Lumafield maintains offices in Massachusetts and California.
WHY DOES THE MARKET MATTER?
- The global CT scanners market is expected to reach a value of $9.9B by 2029, growing at a CAGR of 5.8%, according to Fortune Business Insights.
- The increasing prevalence of chronic diseases has fueled market growth.
- As hospital and healthcare infrastructure has advanced in emerging countries, the demand for CT scanners has increased.
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