-55%

est. 2Y upside i

CybersecuritySeries A

Founded by computer vision experts, Lumana is pioneering the future of security with visual AI that provides near-human-like perception to help eliminate monitoring fatigue, false alarms, and reactive security management. Engineered to deliver a seamless AI video security experience, Lumana empowers enterprises to quickly see, understand, and respond – anywhere, anytime, from any device.

Rank

#189

Sector

AI Video Security & Analytics

Est. Liquidity

~4Y

Data Quality

Data: Medium

Lumana presents a strong upside opportunity driven by its innovative AI-powered video security platform in a rapidly growing market.

Last updated: March 10, 2026

Bull (35%)+350%

Lumana's proprietary VLMs and agentic AI achieve clear market leadership, expanding rapidly into new verticals and displacing legacy systems. Revenue scales to over $150M by 2028, justifying an acquisition at $1.1B+ (4.5x current estimated valuation) as a strategic asset for a major security or tech player.

Base (40%)+100%

Lumana continues strong growth in the AI video analytics segment, maintaining its competitive edge against direct rivals but facing increased pressure from incumbents. Revenue reaches $50M by 2028, leading to an acquisition or later-stage funding round at a $500M valuation (2x current estimated valuation).

Bear (25%)-80%

Dominant incumbents like Genetec or large tech players integrate advanced AI/VLM capabilities, commoditizing Lumana's core offering. Slower-than-expected market adoption or regulatory hurdles lead to a down round or distressed acquisition at $50M, wiping out most common stock value due to liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Investors hold $64M in liquidation preferences. In an exit at or below the estimated $250M valuation, common stock holders would see their returns significantly reduced or eliminated until the $64M preference is paid out.

Dilution Risk

high

As a Series A company, Lumana will likely undergo multiple additional funding rounds, which will lead to further dilution of existing equity holders.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers for Lumana's shares at this stage.

Product — 4 roles

Revenue Operations — 2 roles

Technical Support — 2 roles

Marketing — 1 role

Sales — 1 role

View all 10 open roles at Lumana →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Lumana's data — designed to show you've done your homework.

  • 1

    “How is Lumana planning to defend its market position and pricing power against established video surveillance incumbents like Genetec and Eagle Eye Networks, especially as they integrate more AI capabilities?”

  • 2

    “With $6M in revenue and a focus on a rapidly growing market, what are the key milestones and growth strategies Lumana is targeting to reach $50M-$100M ARR within the next 2-3 years, particularly in expanding beyond current notable customers?”

  • 3

    “Given the Series A funding and the potential for future dilution, how does Lumana communicate the long-term equity value and liquidity timeline to employees, especially considering the preference stack from prior funding rounds?”

Community

Valuation Sentiment

Our model estimates -55% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.