# Lucidworks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lucidworks

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lucidimagination.com
- Total disclosed funding: $119M
- Latest round: Series F (Aug 12, 2019)
- Investors on record: 8

## About

Lucidworks, Inc., based in the US, delivers AI-powered search and product discovery solutions to enhance user experiences across various industries, focusing on optimizing search results and improving interactions.Founded in 2007 and headquartered in San Francisco, US, Lucidworks, Inc. provides search and product discovery technology. The company has undergone several pivots in its business strategy to expand its offerings. It has completed 10 deals, most recently raising USD 55 mn in Series F funding led by Francisco Partners on August 12, 2019. The CEO is Michael Sinoway and the company was co-founded by Miles Kehoe.Lucidworks specializes in AI-powered search and product discovery solutions, with a comprehensive platform that enhances search experiences. The core product suite includes the Lucidworks AI Orchestration Engine, integrating AI, large language models (LLM), and machine learning (ML) to optimize search results. Clients, ranging from major U.S. online retailers to healthcare organizations, leverage Lucidworks to personalize shopper experiences, enhance data retrieval, and conduct complex product searches without extra database calls. Their products cater to North America, Europe, and Asia, providing advanced search capabilities to global enterprises.Lucidworks generates revenue through subscription-based models for its solutions, including Dynamic Pricing™ and Neural Hybrid Search™. Client contracts outline tailored service agreements for ecommerce, customer service, and workplace search needs. Revenue is supported by partnerships across sectors, where clients benefit from enhanced product discovery and personalized experiences, with subscriptions providing ongoing support and integration services.Following its Series F funding of USD 55 mn in August 2019, led by Francisco Partners, Lucidworks plans to utilize this capital for continued growth and expansion. The company is focusing on designing new products and entering additional markets. Specific geographic regions targeted for expansion will be detailed as strategies develop, ensuring alignment with their growth objectives.

## Funding rounds

- Series F, Aug 12, 2019, $55M — Francisco Partners, TPG
- Series E, Apr 18, 2018, $23M — AllegisCyber Capital, Silver Lake, Shasta Ventures, Granite Ventures, Top Tier Capital Partners
- Series D, Nov 17, 2015, $15M — AllegisCyber Capital, Shasta Ventures, Granite Ventures
- Series C, May 1, 2013, $10M — Walden Catalyst, Shasta Ventures, Granite Ventures
- Series B, Mar 10, 2010, $10M — Walden Catalyst, Shasta Ventures, Granite Ventures
- Series A, Jan 26, 2009, $6M — Walden Catalyst, Granite Ventures

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A, Series B, Series C
- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series A, Series B, Series C, Series D, Series E
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series B, Series C, Series D, Series E
- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series D, Series E
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series E
- Top Tier Capital Partners (https://capitalatlas.ai/funds/top-tier-capital-partners) — Series E
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series F
- TPG (https://capitalatlas.ai/funds/tpg) — Series F