About Lucid Bots
Lucid Bots is a company based in Charlotte (United States) founded in 2017 by Andrew Ashur, David Danielson, and Adrian Mayans.. Lucid Bots has raised $9.25 million across 4 funding rounds from investors including Cubit Capital, IDEA Fund Partners and DanuVG. Lucid Bots has completed 1 acquisition, including Verenia. Lucid Bots offers products and services including Sherpa Drone, Lavo Bot, and Window Washing Payload. Lucid Bots operates in a competitive market with competitors including Avidbots, RoboDeck, Aubotz, iSmart and AzioBot, among others.
- Headquarter Charlotte, United States
- Founders Andrew Ashur, David Danielson, Adrian Mayans
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Sectors
Industrial Goods & ManufacturingAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Lucid Bots, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.25 M (USD)
in 4 rounds
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Latest Funding Round
$9.1 M (USD), Series A
May 08, 2024
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Investors
Cubit Capital
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Lucid Bots
Lucid Bots offers a comprehensive portfolio of products and services, including Sherpa Drone, Lavo Bot, and Window Washing Payload. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Drone for efficient exterior cleaning and window washing tasks.
Robot for pressure washing and hard surface maintenance.
Payload for drone-based window cleaning operations.
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Funding Insights of Lucid Bots
Lucid Bots has successfully raised a total of $9.25M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.1 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $9.1M
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First Round
First Round
(04 Sep 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Lucid Bots | Valuation | Cubit Capital | |
| Jul, 2021 | Amount | Seed - Lucid Bots | Valuation | Defiance Ventures |
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| Aug, 2019 | Amount | Seed - Lucid Bots | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lucid Bots
Lucid Bots has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Cubit Capital, IDEA Fund Partners and DanuVG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are invested in across key sectors.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused VC firm investing in early & seed stage startups in the US
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Founded Year | Domain | Location | |
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Early-stage investments are made in technology companies by DanuVG.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lucid Bots
Lucid Bots has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Verenia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based CPQ addon for Netsuite and other CRMs is provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lucid Bots
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lucid Bots Comparisons
Competitors of Lucid Bots
Lucid Bots operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avidbots, RoboDeck, Aubotz, iSmart and AzioBot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled autonomous cleaning robots are provided for commercial spaces.
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| domain | founded_year | HQ Location |
Developer of autonomous robots for wooden deck maintenance
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| domain | founded_year | HQ Location |
Autonomous floor cleaning robots are developed for automation purposes.
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| domain | founded_year | HQ Location |
Floor scrubber robots are manufactured for commercial cleaning applications.
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| domain | founded_year | HQ Location |
Develops autonomous floor-cleaning robots for efficient home maintenance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lucid Bots
Frequently Asked Questions about Lucid Bots
When was Lucid Bots founded?
Lucid Bots was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Lucid Bots located?
Lucid Bots is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Lucid Bots?
Andrew Ashur is the current CEO of Lucid Bots. They have also founded this company.
Is Lucid Bots a funded company?
Lucid Bots is a funded company, having raised a total of $9.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Sep 04, 2018.
What does Lucid Bots do?
Lucid Bots was founded in 2017 and is headquartered in Charlotte, United States. Robotics solutions are provided by the company for exterior cleaning and spraying in sectors involving hazardous environments. Products such as the Sherpa Drone and Lavo Bot are utilized to address dull, dirty, and dangerous jobs, with operations focused on efficiency and safety through autonomous technologies. Expansion has included enhancements in customer service via these innovations.
Who are the top competitors of Lucid Bots?
What products or services does Lucid Bots offer?
Lucid Bots offers Sherpa Drone, Lavo Bot, and Window Washing Payload.
How many acquisitions has Lucid Bots made?
Lucid Bots has made 1 acquisition, including Verenia.
Who are Lucid Bots's investors?
Lucid Bots has 6 investors. Key investors include Cubit Capital, IDEA Fund Partners, DanuVG, Y Combinator, and Gratus Capital.
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