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

Watch the podcast


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.






2023 Revenue






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

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


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

Total team size


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.


What`s your age?


Favorite online tool?


Favorite book?

3 laws of performance

Favorite CEO?

Tony Shea

Advice for 20 year old self

Be curious


Lucidworks has 400 customers.

Lifetime Months



Monthly ARPU



Lifetime Dollar


Acquisition Cost


Average Annual Price


$0$120K8 month payback period024681012
$0$120K8 month payback period024681012


Lucidworks has an annual churn rate of 7.00%.


Gross Annual Dollar Churn


Annual Dollar Expansion


Net Revenue Retention


$ Funding$ Revenue

Lucidworks Board of Directors

NamePositionWorking EmailPersonal Email
Garth TimollBoard Membergtimoll@ttcp.com-
Nitin ChopraBoard Membernitin@neotribe.comchopranitin2000@gmail.com
Christopher McKayBoard Membercmckay@granitevc.comcmckay13@gmail.com
Evan KaplanBoard Memberevan@influxdata.comevank.one@gmail.com
Spencer TallBoard Memberspencer@allegiscyber.comspencer@allegiscapital.com
Evan KaplanAdvisory Board-evank.one@gmail.com
Chris McKayBoard Member-cmckay@granitevc.com
Trey GraingerBoard Membertrey@presearch.orgtrey.grainger@gmail.com
Andrew KauBoard Memberakau@waldenintl.com-
Nitin ChopraBoard Observer-nchopra2013@kellogg.northwestern.edu

Lucidworks Executives

NamePositionWorking EmailPersonal 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 CEOmichael.sinoway@lucidworks.com-

Lucidworks Employees

NamePositionWorking EmailPersonal Email
Naomi Ghilea Senior Field Marketing Manager-naomipestanas@gmail.com
Garth Timoll Board Membergtimoll@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 Specialistshaya.stark@lucidworks.com-
Robert Lucarini Senior Software Engineer-r_lucarini@hotmail.com
Nitin Chopra Board Membernitin@neotribe.comchopranitin2000@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 Membercmckay@granitevc.comcmckay13@gmail.com
Misha Logvinov Advisor-logv33@yahoo.com
Andrzej Bialecki Senior Software Engineer-ab@getopt.org
Evan Kaplan Board Memberevan@influxdata.comevank.one@gmail.com
Spencer Tall Board Memberspencer@allegiscyber.comspencer@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 Membertrey@presearch.orgtrey.grainger@gmail.com
Andrew Kau Board Memberakau@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 CEOmichael.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

People Also Viewed