# Lemurian Labs funding: rounds and investors

> Lemurian Labs has raised $37M across 2 rounds since 2024. Investors include Oval Park Capital, Alumni Ventures and Good Growth Capital.

Source: https://millionrounds.com/company/lemurian-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Lemurian Labs*

2 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Hardware & Electronics Semiconductors Software

Raised 11 months ago

Funding summary Updated 26 Oct 2026

**$37M** raised across 2 rounds since 2024, from 3 sources

**$9.0M** Seed **$28M** Series A

- **Latest round:** Series A, $28M Dec 2025
- **Led by:** Hexagon and Pebblebed Ventures
- **Step-up i:** 3.1×
- **Investors:** 17 (3 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2024 2025

**$9.0M** Seed

**$28M** Series A

- **First round:** Seed, $9.0M
- **Biggest round:** $28M
- **Between rounds:** 23 months

## The rounds

- **Dec 2025** Series A **$28M** *13 new* *3 returning* [Hexagon](https://millionrounds.com/fund/hexagon) Lead [Pebblebed Ventures](https://millionrounds.com/fund/pebblebed-ventures) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Origin Ventures](https://millionrounds.com/fund/origin-ventures) [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) [Uncorrelated Ventures](https://millionrounds.com/fund/uncorrelated-ventures) [AI Fund](https://millionrounds.com/fund/ai-fund) [Oval Park Capital](https://millionrounds.com/fund/oval-park-capital) [Animal Capital](https://millionrounds.com/fund/animal-capital) [Silicon Catalyst](https://millionrounds.com/fund/silicon-catalyst) [Stepchange](https://millionrounds.com/fund/stepchange) [Untapped Ventures](https://millionrounds.com/fund/untapped-ventures) [1Flourish Ventures](https://millionrounds.com/fund/1flourish-ventures) [Planetary Ventures](https://millionrounds.com/fund/planetary-ventures) Reported by Firms' own news pages and 1 other
- **Jan 2024** Seed **$9.0M** *4 new* [Oval Park Capital](https://millionrounds.com/fund/oval-park-capital) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) [Raptor Group](https://millionrounds.com/fund/raptor-group) Also list them on their own site [PuffinVC](https://millionrounds.com/fund/puffinvc) Reported by Firms' own news pages

## Founders and team

From Lemurian Labs's own website: 2 founders, 5 on the team.

**Jay Dawani** CEO & Co-Founder

**Dr. Vassil Dimitrov** Chief Scientist & Co-Founder

- **Dean Thrasher** CFO
- **Jenny Chu** Chief of Staff
- **Adam Robertson** Head of AI Infrastructure
- **Christopher Vick** VP Engineering
- **Dara Rahimzadeh** Head of Business Development

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2024 **Series A** 2025 [Oval Park Capital](https://millionrounds.com/fund/oval-park-capital) L [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) [Hexagon](https://millionrounds.com/fund/hexagon) L [Pebblebed Ventures](https://millionrounds.com/fund/pebblebed-ventures) L [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Origin Ventures](https://millionrounds.com/fund/origin-ventures) [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) [Uncorrelated Ventures](https://millionrounds.com/fund/uncorrelated-ventures) [Raptor Group](https://millionrounds.com/fund/raptor-group)

## Everyone who backed them

[Oval Park Capital](https://millionrounds.com/fund/oval-park-capital) VC firm **2** rounds, led 1

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **2** rounds

[Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) VC firm **2** rounds

[Hexagon](https://millionrounds.com/fund/hexagon) VC firm **1** round, led 1

[Pebblebed Ventures](https://millionrounds.com/fund/pebblebed-ventures) VC firm **1** round, led 1

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[Origin Ventures](https://millionrounds.com/fund/origin-ventures) VC firm **1** round

[Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) VC firm **1** round

[Uncorrelated Ventures](https://millionrounds.com/fund/uncorrelated-ventures) VC firm **1** round

[Raptor Group](https://millionrounds.com/fund/raptor-group) Private equity **1** round

[AI Fund](https://millionrounds.com/fund/ai-fund) VC firm **1** round

[Animal Capital](https://millionrounds.com/fund/animal-capital) VC firm **1** round

[Silicon Catalyst](https://millionrounds.com/fund/silicon-catalyst) Accelerator **1** round

[Stepchange](https://millionrounds.com/fund/stepchange) VC firm **1** round

[Untapped Ventures](https://millionrounds.com/fund/untapped-ventures) VC firm **1** round

[1Flourish Ventures](https://millionrounds.com/fund/1flourish-ventures) VC firm **1** round

[Planetary Ventures](https://millionrounds.com/fund/planetary-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lemurian-labs).

## Also claim to have backed them

These 7 firms list Lemurian Labs as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Silicon Catalyst Ventures](https://millionrounds.com/fund/silicon-catalyst-ventures) VC firm Per its own site

[Silicon Catalyst Angels](https://millionrounds.com/fund/silicon-catalyst-angels) Angel network Per its own site

[Bluelake Ventures](https://millionrounds.com/fund/bluelake-vc) VC firm Per its own site

[Dynamic Leap](https://millionrounds.com/fund/dynamic-leap) VC firm Per its own site

[Funding Force](https://millionrounds.com/fund/funding-force-2) VC firm Per its own site

[Futureland Ventures](https://millionrounds.com/fund/futureland-ventures) VC firm Per its own site

[PuffinVC](https://millionrounds.com/fund/puffinvc) VC firm Seed, per its site

## Quick answers about Lemurian Labs

### Who invested in Lemurian Labs?

Lemurian Labs's investors include Oval Park Capital, Alumni Ventures, Good Growth Capital, Hexagon and Pebblebed Ventures, and 12 more on record. Hexagon led its latest round.

### How much has Lemurian Labs raised?

Lemurian Labs has raised $37M across 2 rounds since 2024.

### When did Lemurian Labs last raise?

Lemurian Labs's most recent round was a Series A of $28M in Dec 2025, led by Hexagon.

### What was Lemurian Labs's biggest round?

Its most recent round, $28M in Dec 2025, is also its largest on record.

### Who backed Lemurian Labs first?

Lemurian Labs's first round on record, in Jan 2024, was backed by Oval Park Capital, Alumni Ventures and Good Growth Capital and 1 others.

### What stage is Lemurian Labs at?

Lemurian Labs's latest named round is a Series A, in Dec 2025.

### Where is Lemurian Labs based?

Lemurian Labs is based in the United States.

### Who led Lemurian Labs's rounds?

Oval Park Capital led the Seed in 2024; Hexagon led the Series A in 2025.

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