Lucidworks receives a $100 million investment to further grow the business
Lucidworks, a provider of AI-powered search solutions, is receiving a $100 million investment that will advance the enterprise standard for personalization and AI.
The investors includle Francisco Partners, a global technology-focused private equity fund, and TPG Sixth Street Partners, a global finance and investment firm.
With the investment, Francisco Partners and TPG Sixth Street Partners join Top Tier Capital Partners, Shasta Ventures, Granite Ventures, and Allegis Cyber. No existing investors sold shares as part of this financing and all proceeds will be used to fund Lucidworks’ continued growth and expansion.
Search is the best way to unlock value from the world’s data, said Will Hayes, Lucidworks CEO.
Lucidworks’ flagship product Fusion has doubled revenue year over year for the last three years and is now servicing 400 of the Fortune 1000 with global expansions into APAC and EMEA.
The world’s largest organizations, including AT&T, Honeywell, Morgan Stanley, Red Hat, Reddit, Staples, Uber, and the U.S. Census Bureau, rely on Fusion.
Under the strategic guidance of CEO Will Hayes since 2015, Lucidworks has created a new standard in digital experience, delivering personalized customer journeys and valuable business insights to billions of people around the globe.
For more information about this news, visit https://lucidworks.com.