Lucidworks revenue hit $48 million in 2023
Lucidworks generates revenue from 400 customers
How did Latka collect this data?
Latka collected this data by interviewing Lucidworks CEO Michael Sinoway on 06/18/2009
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Lucidworks
235 Montgomery St, Suite 500, San Francisco, California, 94104, United States
How Lucidworks hit $48M revenue and 400 customers in 2023.
Lucidworks is a software company that provides an AI-powered search and analytics platform for businesses. Their platform allows organizations to easily aggregate data from a variety of sources and provides intelligent search capabilities to help users find the information they need quickly and efficiently. The company is headquartered in San Francisco and serves a wide range of industries, including finance, healthcare, and retail. Lucidworks was founded in 2007 and has since become a leader in the enterprise search market, helping companies improve productivity and gain insights from their data.
2007
Founded
$48M
2023 Revenue
YOY
$209M
Funding
Lucidworks Revenue
In 2023, Lucidworks revenue run rate hit $48M in revenue.
2019
Lucidworks hit $48M in revenue in 2019
2007
Lucidworks launched in 2007 with $0 revenue
Lucidworks Funding History
2019 Series F
Lucidworks raised a Series F of $100M at a $270M valuation in August 2019
2018 Series E
Lucidworks raised a Series E of $50M
2015 Series D
Lucidworks raised a Series D of $21M
2013 Series C
Lucidworks raised a Series C of $10M
2012 Private Equity Round
Lucidworks raised a Private Equity Round of $6M
2010 Series B
Lucidworks raised a Series B of $10M
2009 Series A
Lucidworks raised a Series A of Unknown
2009 Series A
Lucidworks raised a Series A of $6M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 08/12/2019 | Series F | $100M | $270M |
| 05/04/2018 | Series E | $50M | |
| 11/18/2015 | Series D | $21M | |
| 05/13/2013 | Series C | $10M | |
| 02/03/2012 | Private Equity Round | $6M | |
| 03/10/2010 | Series B | $10M | |
| 06/18/2009 | Series A | Unknown | |
| 01/27/2009 | Series A | $6M |
Team
Lucidworks has 238 total employees and 27 sales reps that carry a quota. They have 400 customers an engineering team of 86 and a marketing team of 14
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 238 |
| Engineer | 86(36%) |
| Sales | 27(11%) |
| Marketing | 14(6%) |
CEO/Founder
Michael Sinoway
Will joined Lucidworks in 2013 as our Chief Product Officer and was appointed CEO in 2014. He has over 15 years of product, marketing, and business development experience. Prior to Lucidworks he was head of technical business development for Splunk, where he was responsible for defining the company’s market category and key product feature sets. He created and led the company’s global partner program, building an ecosystem of consultants, developers, resellers, system integrators, service providers, and technology partners. Earlier in his career, Hayes served as a software engineer at Genentech, where he built solutions that supported the sales and drug development teams in their field activities.
Q&A
What`s your age?
38
Favorite online tool?
Trello
Favorite book?
3 laws of performance
Favorite CEO?
Tony Shea
Advice for 20 year old self
Be curious
Customers
Lucidworks has 400 customers.
Lifetime Months
172
x
Monthly ARPU
$10K
=
Lifetime Dollar
$1.7M
Acquisition Cost
$80K
Average Annual Price
$120K
Churn
Lucidworks has an annual churn rate of 7.00%.
Gross Annual Dollar Churn
-7.00%
Annual Dollar Expansion
37.00%
Net Revenue Retention
130.00%
Lucidworks Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Garth Timoll | Board Member | gtimoll@ttcp.com | - |
| Nitin Chopra | Board Member | nitin@neotribe.com | chopranitin2000@gmail.com |
| Christopher McKay | Board Member | cmckay@granitevc.com | cmckay13@gmail.com |
| Evan Kaplan | Board Member | evan@influxdata.com | evank.one@gmail.com |
| Spencer Tall | Board Member | spencer@allegiscyber.com | spencer@allegiscapital.com |
| Evan Kaplan | Advisory Board | - | evank.one@gmail.com |
| Chris McKay | Board Member | - | cmckay@granitevc.com |
| Trey Grainger | Board Member | trey@presearch.org | trey.grainger@gmail.com |
| Andrew Kau | Board Member | akau@waldenintl.com | - |
| Nitin Chopra | Board Observer | - | nchopra2013@kellogg.northwestern.edu |
Lucidworks Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Anil Uberoi | Chief Marketing Officer | - | anil.uberoi@lucidimagination.com |
| Jess Jurva | Chief Customer Officer | - | jjurva@yahoo.com |
| Reade Frank | Chief Operating Officer | - | reade@angelpoints.com |
| Vivek Sriram | Chief Product Officer | - | vsriram72@gmail.com |
| Will H | PresidentChief Executive Officer | - | will@350nice.com |
| Michael Sinoway | CEO | michael.sinoway@lucidworks.com | - |
Lucidworks Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Naomi Ghilea | Senior Field Marketing Manager | - | naomipestanas@gmail.com |
| Garth Timoll | Board Member | gtimoll@ttcp.com | - |
| Simon Taylor | Vice President Global Channel Sales Alliances | - | simon.r.taylor@talk21.com |
| Andy Kau | Investor | - | akau@waldenintl.com |
| Trey Grainger | Advisor | - | trey.grainger@gmail.com |
| Joel Bernstein | Senior Data Engineer | - | joel_bernstein@hotmail.com |
| Paul Bickford | Director of Sales Enablement | - | paul.bickford@wolseley.com |
| Shaya Stark | Information Security Specialist | shaya.stark@lucidworks.com | - |
| Robert Lucarini | Senior Software Engineer | - | r_lucarini@hotmail.com |
| Nitin Chopra | Board Member | nitin@neotribe.com | chopranitin2000@gmail.com |
| Mark Sladden | VP Revenue Strategy Operations and Enablement | - | msladden@informatica.com |
| Anil Uberoi | Chief Marketing Officer | - | anil.uberoi@lucidimagination.com |
| Christopher McKay | Board Member | cmckay@granitevc.com | cmckay13@gmail.com |
| Misha Logvinov | Advisor | - | logv33@yahoo.com |
| Andrzej Bialecki | Senior Software Engineer | - | ab@getopt.org |
| Evan Kaplan | Board Member | evan@influxdata.com | evank.one@gmail.com |
| Spencer Tall | Board Member | spencer@allegiscyber.com | spencer@allegiscapital.com |
| Jess Jurva | Chief Customer Officer | - | jjurva@yahoo.com |
| Evan Kaplan | Advisory Board | - | evank.one@gmail.com |
| Philipp Fuhrmann | Regional Director DACH | - | - |
| Chris McKay | Board Member | - | cmckay@granitevc.com |
| Reade Frank | Chief Operating Officer | - | reade@angelpoints.com |
| Jacquie She | Talent Acquisition Manager | - | - |
| Trey Grainger | Board Member | trey@presearch.org | trey.grainger@gmail.com |
| Andrew Kau | Board Member | akau@waldenintl.com | - |
| Vivek Sriram | Chief Product Officer | - | vsriram72@gmail.com |
| Nitin Chopra | Board Observer | - | nchopra2013@kellogg.northwestern.edu |
| Will H | PresidentChief Executive Officer | - | will@350nice.com |
| Matt Brown | Advisor | - | matt.brown@thomsonreuters.com |
| Michael Sinoway | CEO | michael.sinoway@lucidworks.com | - |
Frequently Asked Questions about Lucidworks
When was Lucidworks founded?
Lucidworks was founded in 2007.
How much revenue does Lucidworks generate?
Lucidworks generates $48M in revenue.
Who is the CEO of Lucidworks?
The CEO of Lucidworks is Michael Sinoway.
How much funding does Lucidworks have?
Lucidworks raised $209M.
How many employees does Lucidworks have?
Lucidworks has 238 employees.
Where is Lucidworks headquarters?
Lucidworks is headquartered in United States
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