Luma AI

Business Development and Strategic Partnerships

Palo Alto, California, United States

$160,000 – $220,000Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Consumer Software, Fintech, AI & Machine LearningIndustries

Requirements

Candidates should have over 5 years of business development or partnership experience in a hyper-growth environment. They must have successfully taken a company into a new industry and established key partnerships. The ability to grow partnerships over time with increasing commitments is essential, along with outstanding interpersonal skills and the ability to build strong relationships. A self-starter mentality and the vision to align with the company's mission are required, as well as creative thinking regarding potential partnerships.

Responsibilities

The Business Development and Strategic Partnerships role involves identifying, building, and nurturing key relationships to drive growth. Responsibilities include designing and executing deals in collaboration with internal stakeholders across finance, legal, product, and growth. The role also requires maintaining strong relationships with partners, identifying new industries for potential partnerships, and developing pricing strategies across different types of partnerships. Additionally, collaboration with the product and research team to understand and communicate product capabilities is necessary.

Skills

Business Development
Partnership
Relationship Building
Negotiation
Strategic Partnerships
Deal Execution
Sales
Interpersonal Skills
Vision
Communication

Luma AI

Develops multimodal AI technologies for creativity

About Luma AI

Luma AI develops multimodal artificial intelligence technologies that enhance human creativity and capabilities. Their main product, the Dream Machine, allows users to interact with various types of data, enabling creative professionals, businesses, and developers to explore innovative applications of AI. Unlike many competitors, Luma AI focuses on integrating multiple modes of interaction, which broadens the possibilities for users. The company operates on a subscription model, providing access to its AI tools and services, and aims to lead the way in AI-driven creativity and productivity.

Key Metrics

San Francisco, CaliforniaHeadquarters
2021Year Founded
$84.9MTotal Funding
LATE_VCCompany Stage
Consumer Software, AI & Machine LearningIndustries
51-200Employees

Benefits

Company Equity
Stock Options

Risks

Competition from Google's Veo 2 and OpenAI's Sora Turbo challenges Luma AI's market position.
AWS's cost-reducing features may make Luma AI's services less competitive.
AI-generated content controversies could harm Luma AI's reputation if outputs are misleading.

Differentiation

Luma AI transforms text into 3D models, enhancing user interaction with digital content.
The Dream Machine integrates multimodal AI, offering a unique creative platform for users.
Luma AI's Photon models provide high-quality, personalized image generation capabilities.

Upsides

Luma AI's $90 million funding boosts its capacity for innovation and market expansion.
Dream Machine 1.5's advanced text-to-video features attract creative professionals and businesses.
Expanding Dream Machine into a mobile app increases accessibility and user engagement.

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