Lucidworks Announces $50M in Growth Financing

A very happy Thursday it is!

„Today Lucidworks, the leader in AI-powered search and discovery, announced $50 million in growth financing. Lucidworks will use the capital infusion to expand the company’s enterprise offerings, and to help the world’s leading companies bring Smart Data Experiences to the market. Top Tier Capital Partners led the round with participation from Silver Lake Waterman, Silver Lake’s late stage growth capital fund. The round also includes existing investors Shasta Ventures, Granite Ventures, and Allegis Capital and comes after Lucidworks more than quadrupled its annual recurring revenue (ARR) over the last three years and added top quality talent at the highest levels. The company expects to continue as a powerful technology provider for delivering actionable insights to end users in the world’s largest organizations, including a broad selection of Fortune 500 companies.“

More details in the full press release.

Coverage in VentureBeat.