LucidLink

LucidLink

Cloud storage and collaboration software solution

About LucidLink

Simplify's Rating
Why LucidLink is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series C

Total Funding

$114.6M

Headquarters

San Francisco, California

Founded

2016

Overview

LucidLink provides a software-as-a-service (SaaS) solution for cloud storage and collaboration, enabling remote teams to work together in real-time as if they were in the same room. Their service allows users to access files instantly from any location, using any operating system and object storage. This is particularly beneficial for creative teams, such as video and design professionals, who can open projects and stream files in real-time, enhancing their productivity. LucidLink prioritizes data security with a Zero-Knowledge service, ensuring that only the user has access to their data. The company operates on a subscription model, eliminating the need for clients to invest in hardware or IT support, making it a cost-effective option for businesses of all sizes. With a recent $75M funding round, LucidLink is well-positioned for growth, especially as remote work becomes more prevalent.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • LucidLink raised $75M in Series C, showing strong investor confidence.
  • Recognition as Forbes' Best Startup Employer highlights a strong corporate culture.
  • Winning NAB Show awards three years in a row underscores technological innovation.

What critics are saying

  • Emerging startups may dilute LucidLink's market share with similar solutions.
  • Economic downturns could reduce spending on SaaS, impacting revenue.
  • Security vulnerabilities in third-party integrations could lead to data breaches.

What makes LucidLink unique

  • LucidLink offers real-time file access across any OS and object storage.
  • Zero-Knowledge encryption ensures only users can access their data, enhancing security.
  • LucidLink's SaaS model eliminates the need for hardware, reducing client costs.

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Funding

Total Funding

$114.6M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
LucidLink
$100M
Oura

Benefits

Unlimited Paid Time Off

Health Insurance

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

4%

2 year growth

3%
Televisual
Feb 25th, 2025
LucidLink to unveil new features at NAB 2025

The kit25.02.25 LucidLink to unveil new features at NAB 2025.

Televisual
Dec 17th, 2024
LucidLink earns TPN Gold certification

LucidLink earns TPN Gold certification.

PR Newswire
Dec 5th, 2024
Lucidlink Expands Leadership Team To Accelerate Growth And Redefine Collaboration

New executives to drive the next chapter of revenue growth, market expansion, and customer success. SAN FRANCISCO, Dec. 5, 2024 /PRNewswire/ -- LucidLink, the storage collaboration platform redefining how businesses work, is gearing up for its next phase of accelerated growth with two powerhouse leadership hires. Building on its success in the creative industries, LucidLink is extending its reach into new markets as it redefines how companies connect and collaborate with their data. To lead this expansion, the company has appointed Mike Maimone as Chief Revenue Officer (CRO) and Gregor McCole as Chief Financial Officer (CFO). With proven expertise in scaling high-growth SaaS companies, Mike and Gregor are set to supercharge LucidLink's mission to make data instantly and securely accessible from anywhere

PR Newswire
May 9th, 2024
Lucidlink Sweeps Product Awards At Nab Show 2024

Wins 2024 NAB Show Product of the Year Award for the Third Year in a Row and Named Best in Show by TV Tech magazineSAN FRANCISCO, May 9, 2024 /PRNewswire/ -- LucidLink, the storage collaboration platform for the world's largest studios, brands, and creative professionals, has won multiple product awards at this year's NAB Show, which took place in Las Vegas April 13 – 17, 2024. LucidLink's collaboration platform was named the 2024 NAB Show Product of the Year Award winner for the third year, consecutively recognizing its technological innovation in 2022, 2023, and 2024. One of the most impressive honors in the media and entertainment industry, the award recognizes excellence in innovative new products and services in a competitive field in fifteen categories.In addition to Product of the Year, LucidLink brought home the Best of Show award from TV Tech for the second consecutive year. The awards are judged by a panel of industry experts on the criteria of innovation, feature set, cost efficiency, and performance in serving the industry."This year's NAB Show was an unprecedented success," exclaimed Peter Thompson, CEO of LucidLink. "Winning both the Product of the Year from NAB and the Best of Show from TV Tech underscores our commitment to revolutionizing collaboration for creative teams worldwide. It's a testament to the ingenuity and tireless efforts of the LucidLink team to empower creatives to collaborate seamlessly from anywhere, allowing them to deliver their best work while massively increasing productivity."LucidLink empowers content creators with instant access to data and seamless real-time collaboration

Televisual
Apr 9th, 2024
NAB: LucidLink launches Panel for After Effects

NAB: LucidLink launches Panel for After Effects.

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