Silicon Valley Bank has extended a $50 million growth capital facility to Lumafield, strengthening the company’s ability to scale its advanced manufacturing technologies. The financing reflects Lumafield’s growing demand among manufacturers that rely on its AI-powered industrial CT scanners and machine learning tools to enhance product quality, shorten development cycles, and automate inspection processes across production lines.
Lumafield’s scanners and cloud-based analysis software are used by leading companies in medical devices, consumer packaged goods, automotive, and battery technology. The new facility, provided through Silicon Valley Bank’s Technology Banking Group, will support the deployment of additional scanners for a rapidly expanding customer base.
The partnership expands on the bank’s long-standing relationship with Lumafield as the company continues its growth trajectory. According to Lumafield, the capital will accelerate both innovation and commercial execution, helping the company serve a broader set of manufacturers seeking accessible, high-performance CT inspection capabilities.
Silicon Valley Bank continues to position itself as a key financial partner to technology, healthcare, private equity, and venture capital sectors. The bank’s parent company, First Citizens BancShares, Inc., remains one of the country’s largest financial institutions with more than $200 billion in assets. Lumafield, meanwhile, remains focused on transforming product development and high-volume manufacturing workflows with high-resolution X-ray imaging and cloud-driven analysis tools used across industries, including medical devices, electronics, athletic equipment, and consumer packaging.
KEY QUOTES
“This new facility is a testament to our growth and the value we’re delivering to manufacturers — from automakers developing more efficient EV batteries to medical device companies innovating surgical tools. Silicon Valley Bank has been a trusted partner to Lumafield, and their support allows us to scale efficiently while also focusing on product innovation and go-to-market expansion.”
Eduardo Torrealba, CEO and Co-Founder, Lumafield
“With their innovative technology platform, Lumafield is making high-performance CT inspection accessible and practical for a wide range of companies and manufacturers. SVB is excited to continue our long-standing relationship with Lumafield by providing this facility to help them grow and scale their business.”
Chris Morrison, Managing Director, SVB Technology and Healthcare Banking
