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
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- Legal Name Lucid Software Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- Investments & Acquisitions
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Products & Services of Lucid
Lucid offers a comprehensive portfolio of products and services, including Lucidspark and Lucidchart.
Virtual whiteboarding is offered for ideation and design.
Intelligent diagramming is provided for systems and processes.
People of Lucid
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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.
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.
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Private equity investments are directed toward US-based companies.
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Growth equity investments and partnerships in finance and related sectors.
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Investor details for Lucid
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Lucid
Lucid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include airfocus.
Investment portfolio details for Lucid
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Cloud-based software for work prioritization and roadmapping is offered.
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Complete acquisition details for Lucid
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Lucid
Detailed financials for Lucid
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- Profit trends
- Statement rows
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Lucid Comparisons
Peer comparison for Lucid
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- Named peers
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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.
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Collaborative platform for design prototyping and feedback is provided.
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Collaborative prototypes for applications are developed and managed via whiteboarding.
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Collaborative web-based diagramming and flowcharting tools are offered.
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Cloud-based whiteboarding platform is offered for collaborative idea sharing.
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Cloud-based platform for organizational collaboration and training is offered.
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Detailed competitors of Lucid
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Lucid
Complete news archive for Lucid
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Lucid
Lucid was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Lucid is headquartered in South Jordan, United States. It is registered at South Jordan, Utah, United States.
Dave Grow is the current CEO of Lucid.
Lucid is a funded company, having raised a total of $218M across 6 funding rounds to date.
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.
Lucid's top competitors include Figma, Klaxoon and Lucidchart.
Lucid offers Lucidspark and Lucidchart.
Lucid has made 1 acquisition, including airfocus.
Lucid has 5 investors. Key investors include Iconiq Capital, Meritech Capital, Spectrum Equity, Cross Creek, and 500 Global.