About Lucid
Lucid is a company based in South Jordan (United States) founded in 2010 by L B Manikanth Acharya, Ben Dilts, and Karl Sun. It operates as a SaaS (Software-as-a-Service), and Professional Services. Lucid has raised $218 million across 6 funding rounds from investors including Iconiq Capital, Meritech Capital and Spectrum Equity. Lucid has completed 1 acquisition, including airfocus. Lucid offers products and services including Lucidspark and Lucidchart. Lucid operates in a competitive market with competitors including Figma, Miro, Lucidchart, Mural and Klaxoon, among others.
- Headquarter South Jordan, United States
- Founders L B Manikanth Acharya, Ben Dilts, Karl Sun
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lucid Software 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
$218 M (USD)
in 6 rounds
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Latest Funding Round
$52 M (USD), Series C
Apr 20, 2020
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Investors
Iconiq Capital
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Lucid
Lucid offers a comprehensive portfolio of products and services, including Lucidspark and Lucidchart. 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.
Virtual whiteboarding is offered for ideation and design.
Intelligent diagramming is provided for systems and processes.
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Software Development Team
87 people
Sales and Marketing
79 people
Leadership Team
51 people
Operations Team
26 people
Senior Team
16 people
Finance and Accounting
14 people
Data Analysis and Operations Team
13 people
Human Resources and Administration
10 people
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Funding Insights of Lucid
Lucid has successfully raised a total of $218M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $52 million completed in April 2020. 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 6
- Last Round Series C — $52.0M
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First Round
First Round
(26 Jul 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series C - Lucid | Valuation |
investors |
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| Apr, 2020 | Amount | Series D - Lucid | Valuation | Iconiq Capital | |
| Oct, 2018 | Amount | Series C - Lucid | Valuation | Meritech , Iconiq Capital |
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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
Lucid has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Iconiq Capital, Meritech Capital and Spectrum Equity. 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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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Growth equity investments and partnerships in finance and related sectors.
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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
Lucid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include airfocus. 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 software for work prioritization and roadmapping is offered.
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2017 |
| 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
| 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 Comparisons
Competitors of Lucid
Lucid 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 Figma, Miro, Lucidchart, Mural and Klaxoon, 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 |
Collaborative platform for design prototyping and feedback is provided.
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| domain | founded_year | HQ Location |
Collaborative prototypes for applications are developed and managed via whiteboarding.
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| domain | founded_year | HQ Location |
Collaborative web-based diagramming and flowcharting tools are offered.
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| domain | founded_year | HQ Location |
Cloud-based whiteboarding platform is offered for collaborative idea sharing.
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| domain | founded_year | HQ Location |
Cloud-based platform for organizational collaboration and training is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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
Frequently Asked Questions about Lucid
When was Lucid founded?
Lucid was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Lucid located?
Lucid is headquartered in South Jordan, United States. It is registered at South Jordan, Utah, United States.
Who is the current CEO of Lucid?
Dave Grow is the current CEO of Lucid.
Is Lucid a funded company?
Lucid is a funded company, having raised a total of $218M across 6 funding rounds to date. The company's 1st funding round was a Series C of $72M, raised on Jul 26, 2011.
What does Lucid do?
Lucid is established as the worlds first work acceleration platform, focusing on visual collaboration and data-backed intelligence. Solutions are provided for digital transformation, cloud migration, and agile workflows across various industries including public sector, education, healthcare, and financial services. Teams in IT, engineering, product management, and operations are supported with tools like Lucidspark for virtual whiteboarding and Lucidchart for intelligent diagramming. Enterprise accelerators for agile, cloud, and process improvement are offered to scale business initiatives.
Who are the top competitors of Lucid?
Lucid's top competitors include Figma, Klaxoon and Lucidchart.
What products or services does Lucid offer?
Lucid offers Lucidspark and Lucidchart.
How many acquisitions has Lucid made?
Lucid has made 1 acquisition, including airfocus.
Who are Lucid's investors?
Lucid has 5 investors. Key investors include Iconiq Capital, Meritech Capital, Spectrum Equity, Cross Creek, and 500 Global.
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