Luminate is the world's largest business accelerator for startups with optics, photonics, and imaging-enabled technologies. Based in Rochester, NY and funded by New York State, it awards $3 million annually to international startups, providing $100K initial investment and up to $2M in follow-on funding.
Average disclosed round size is $11.0M (across 9 rounds with reported amounts).
Portfolio
20
Fund Size
—
Top Stage
Growth
Last 12 Mo
0
Team
Damon Diehl, PhD
Director of Technology Integration
Veronica LoCurcio
Director of Operations
Anjali Boriya
Finance Analyst
Holly Barrett
Chief Marketing Officer, NextCorps
Kate Leonard
Digital Marketing Manager, NextCorps
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Swave Photonics | Series A | — | Jan 2025 |
| 22EyesVision | Growth | — | Jan 2025 |
 PreAct | Series B | $20M | Apr 2023 |
| PPreAct Technologies | Series B | — | Jan 2023 |
 Suralink | Growth | — | Jun 2022 |
| UUptrust | Seed | $2M | May 2021 |
 Stears | Seed | $600K | Jan 2020 |
 MSI Data Corporation | Unknown | — | Sep 2019 |
 Thought Industries | Growth | — | Sep 2019 |
 Unite Us | Series B | $4M | Nov 2017 |
 Comply365 | Growth | — | Jul 2017 |
 Axonify | Growth | $27M | Jan 2016 |
 SunDensity | Seed | $2.5M | — |
 SeeTrue Technologies | Unknown | — | — |
 Nordetect | Seed | — | — |
 Cabal | Seed | $2.3M | — |
 Double Helix Optics | Unknown | $1M | — |
 LirOptic | Seed | — | — |
 Conexiom | Growth | $40M | — |
 SeeTrue | Unknown | — | — |
Top Co-Investors
State Farm Ventures2 shared
Superhero Capital2 shared
ZEISS Ventures2 shared
MaC Venture Capital2 shared
Growth Street Partners1 shared
Stand Together Ventures Lab1 shared
imec.xpand1 shared
SFPIM Relaunch1 shared
PMV1 shared
IAG Capital Partners1 shared
IMC1 shared
Qbic1 shared
G Squared1 shared
Enisa1 shared
Bullnet Capital1 shared
Clean Energy Ventures1 shared
Redstone1 shared
SOSV1 shared
Last updated: 7 October 2026