Lucidworks, a

San Francisco, California San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

-based company that specializes in commerce, customer service, and workplace applications. Lucidworks was founded in 2007 under the name Lucid Imagination and launched in 2009. The company was later renamed Lucidworks in 2012. The Lucidworks founding technical team consisted of Marc Krellenstein, Grant Ingersoll, Erik Hatcher, and Yonik Seeley, in addition to advisor

Doug Cutting Douglass Read Cutting is a software designer, advocate, and creator of open-source search technology. He founded two technology projects, Lucene, and Nutch, with Mike Cafarella. Both projects are now managed through the Apache Software Foundation ...

. Will Hayes is Lucidworks CEO.

Business model

Lucidworks operates primarily with a subscription-based business model with their Lucidworks Fusion platform for designing, building, and deploying big data applications. Lucidworks also offers subscriptions for the support, training, and integration services that help customers in using open source search software. On September 18, 2014, Lucidworks released Lucidworks Fusion, a platform for building search and discovery applications that includes popular search technology Apache Solr and computation framework Apache Spark in its core. On May 10, 2017, Lucidworks announced its acquisition of Twigkit, a software company specializing in user experiences for search and big data applications which was later integrated into the Fusion platform as Fusion App Studio. In September 2017, Reddit teamed with Lucidworks to build their new search application. On March 6, 2018, Lucidworks released Lucidworks Site Search, an embeddable, easy-to-configure, out-of-the-box site search solution that runs in the cloud, or on premise.

Funding

The company received

Series A A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

funding from

Basis Technology BasisTech is a software company specializing in applying artificial intelligence techniques to understanding documents and unstructured data written in different languages. It has headquarters in Somerville, Massachusetts and offices in San Franci ...

Granite Ventures Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented inve ...

, and Walden International in Sept 2008;

In-Q-Tel In-Q-Tel (IQT), formerly Peleus and In-Q-It, is an American not-for-profit venture capital firm based in Arlington, Virginia. It invests in high-tech companies to keep the Central Intelligence Agency, and other intelligence agencies, equipped with ...

is a strategic investor. In August 2014, Lucidworks closed an $8 million Series C round with Shasta Ventures, Basis Technology, Granite Ventures and Walden International participating. In November 2015, Lucidworks closed a $21 million Series D round with Allegis Capital, and existing investors Shasta Ventures and Granite Ventures participating. In May 2018, the firm announced a $50 million Series E led by Top Tier Capital Partners, with participation from Silver Lake's growth capital fund, Silver Lake Waterman. In August 2019, Lucidworks announced $100M in Series F funding led by

Francisco Partners Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Founded in August 1999 and based in San Francisco with offices in London and New York City, Francis ...

and

TPG Sixth Street Partners Sixth Street (formerly known as TSSP) is a global investment firm with $60 billion in assets under management. The firm operates nine investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, ...

, with existing investors Top Tier Capital Partners,

Shasta Ventures Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park. Funds Shasta's second fund of US$250 milli ...

and Allegis participating.

Awards

* Finalist for the 2010 Red Herring 100 North America Award * Lucid Imagination Congratulates Apache Solr on InfoWorld Bossie Award Win * Winner, InfoWorld 2017 Technology of the YearInfoWorld's 2017 Technology of the Year Award winners
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References

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External links

Official website
American companies established in 2007 Search engine software Software companies based in the San Francisco Bay Area Information retrieval organizations Big data companies Software companies of the United States 2007 establishments in California Software companies established in 2007