LUNA INNOVATIONS INCORPORATED
AcquiredRoanoke, US · Founded 1990 · 2 known investors
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Acquired by Ascend Parent, LLC (affiliate of TJC, L.P.) June 2026 · $48.2M ($1.39 per share cash, ~$48.2 million total deal value) · source ↗
Luna Innovations develops fiber optics, nanomaterials, and precision assembly solutions across multiple technical domains. The company serves customers requiring advanced materials and optical technologies for enterprise and industrial applications.
Founders & leadership

Board
Investors · 2
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$50M disclosed across 1 round · 2023
▶$50MraisedFeb 2024 · 3 investors · Other TechnologyRule 506(b)
- David ChanleyDirector
- Gary SpiegelDirector
- George Gomez-QuinteroExecutive Officer
- Thomas OldemeyerExecutive Officer
- Richard W. RoedelDirector
- Brian J. SollerExecutive Officer
- Scott A. GraeffExecutive Officer, Director
- Mary Beth VitaleDirector
- Pamela CoeDirector
- Warren B. PhelpsDirector
- N. Leigh AndersonDirector
- Eva HartmannExecutive Officer
- Ryan H. StewartExecutive Officer
- Offering amount
- $62.5M
- Amount sold
- $50M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 50+ SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of DefenseDefense Health Program | Phase II | 2023 | $1.7M |
| Missile Defense Agency | Phase II | 2023 | $1.5M |
| NASA | Phase II | 2023 | $850K |
| U.S. NavyNavy | Phase II | 2023 | $797.7K |
| Department of Energy | Phase I | 2023 | $200K |
| Department of Energy | Phase ISTTR | 2023 | $199.9K |
| NASA | Phase I | 2023 | $156.5K |
| U.S. Air ForceAir Force | Phase II | 2022 | $1.5M |
| Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects Agency | Phase II | 2022 | $1.5M |
| U.S. NavyNavy | Phase II | 2022 | $1.3M |
| U.S. NavyNavy | Phase IISTTR | 2022 | $1.2M |
| Department of DefenseOffice for Chemical and Biological Defense | Phase II | 2022 | $1.1M |
| U.S. ArmyArmy | Phase IISTTR | 2022 | $1.1M |
| U.S. ArmyArmy | Phase IISTTR | 2022 | $1000K |
| U.S. NavyNavy | Phase II | 2022 | $997.7K |
| U.S. NavyNavy | Phase II | 2022 | $900K |
| U.S. NavyNavy | Phase II | 2022 | $800K |
| U.S. Air ForceAir Force | Phase II | 2022 | $750K |
| Department of Energy | Phase ISTTR | 2022 | $250K |
| Department of Energy | Phase ISTTR | 2022 | $200K |
| Department of Energy | Phase ISTTR | 2022 | $200K |
| Department of Energy | Phase ISTTR | 2022 | $200K |
| Department of Energy | Phase I | 2022 | $200K |
| Department of Energy | Phase ISTTR | 2022 | $199.9K |
| Department of Energy | Phase I | 2022 | $199.6K |
| U.S. Air ForceAir Force | Phase ISTTR | 2022 | $150K |
| NASA | Phase I | 2022 | $150K |
| NASA | Phase I | 2022 | $149.7K |
| U.S. NavyNavy | Phase I | 2022 | $146.5K |
| U.S. Air ForceAir Force | Phase II | 2021 | $2.2M |
| U.S. NavyNavy | Phase II | 2021 | $1.7M |
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2021 | $1.5M |
| Department of DefenseDefense Health Program | Phase II | 2021 | $1.5M |
| Department of DefenseDefense Health Program | Phase II | 2021 | $1.5M |
| Department of Energy | Phase II | 2021 | $1.1M |
| U.S. ArmyArmy | Phase I | 2021 | $1.1M |
| U.S. NavyNavy | Phase II | 2021 | $1.1M |
| Department of DefenseDefense Health Program | Phase II | 2021 | $1.1M |
| U.S. NavyNavy | Phase II | 2021 | $1000K |
| Department of Homeland Security | Phase II | 2021 | $1000K |
| U.S. Air ForceAir Force | Phase II | 2021 | $980K |
| U.S. NavyNavy | Phase IISTTR | 2021 | $800K |
| U.S. NavyNavy | Phase IISTTR | 2021 | $800K |
| U.S. Air ForceAir Force | Phase II | 2021 | $750K |
| U.S. Air ForceAir Force | Phase IISTTR | 2021 | $750K |
| U.S. Air ForceAir Force | Phase II | 2021 | $750K |
| NASA | Phase II | 2021 | $750K |
| U.S. ArmyArmy | Phase II | 2021 | $650K |
| Department of Energy | Phase I | 2021 | $256.5K |
| Centers for Disease Control and Prevention (CDC)Centers for Disease Control and Prevention | Phase I | 2021 | $243.5K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does LUNA INNOVATIONS INCORPORATED do?
- Luna Innovations develops fiber optics, nanomaterials, and precision assembly solutions across multiple technical domains. The company serves customers requiring advanced materials and optical technologies for enterprise and industrial applications.
- Who are LUNA INNOVATIONS INCORPORATED's investors?
- LUNA INNOVATIONS INCORPORATED's investors include Perot Jain.
- How much funding has LUNA INNOVATIONS INCORPORATED raised?
- LUNA INNOVATIONS INCORPORATED has disclosed $50M raised across 1 round.
- Where is LUNA INNOVATIONS INCORPORATED headquartered?
- LUNA INNOVATIONS INCORPORATED is headquartered in Roanoke, US.

