Lucid

Lucid

Visual collaboration tools for teams

About

Lucid provides tools for visual collaboration, helping teams brainstorm, diagram, and visualize complex ideas and software. Its main products include Lucidchart, which allows for intelligent diagramming, Lucidspark for virtual brainstorming sessions, and Cloud Insights for visualizing software architecture. These tools are especially beneficial for remote teams, enabling them to collaborate effectively as if they were in the same room. Lucid serves a wide range of clients, including 99% of Fortune 500 companies, and operates on a subscription-based model with various pricing tiers to meet different organizational needs. The company's goal is to simplify complexity, providing teams with the clarity and context they need to work efficiently.

Company Stage

Series D

Employees

1,001-5,000

Industries

Data & Analytics, Enterprise Software

Total Funding

$161.6M

Headquarters

South Jordan, Utah

Founded

2010


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Simplify's Take

What believers are saying

  • Lucid's expansion into EMEA strengthens data security and compliance for regional customers.
  • Inclusion in Forbes Cloud 100 for five consecutive years highlights Lucid's market leadership.
  • Lucid's FedRAMP authorization opens opportunities in the public sector for secure collaboration.

What critics are saying

  • Emerging competitors like Miro and MURAL pose a threat to Lucid's market share.
  • Data privacy concerns may arise with Lucid's expanding data residency program.
  • Dependence on partnerships with tech giants could risk if they develop competing products.

What makes Lucid unique

  • Lucid offers a comprehensive visual collaboration suite with Lucidchart and Lucidspark.
  • Lucid's products are used by 99% of Fortune 500 companies, showcasing strong enterprise presence.
  • Lucid's AI-driven enhancements and integrations with Microsoft 365 and Slack set it apart.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

0%

Benefits

Competitive compensation packages

Comprehensive portfolio of health benefits

Equity

Eight-week paid sabbatical after 5 years

Paid parental/family leave

Annual Hackathon and frequent game nights

Personal and career development through Lucid Learning

Community engagement and giving through Lucid Heart

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