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

$111.5M

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. Their platform allows users to access files instantly from any location and on any operating system, making it particularly beneficial for creative teams like video and design professionals who need to share and stream large files quickly. Unlike many competitors, LucidLink emphasizes data security with a Zero-Knowledge service, ensuring that only the user can access their data. The company operates on a subscription model, which eliminates the need for clients to invest in hardware or IT support, making it a cost-effective choice for businesses. LucidLink aims to enhance productivity and collaboration for remote teams, positioning itself for growth in the expanding remote work market.

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Simplify's Take

What believers are saying

  • LucidLink raised $75M in Series C, showing strong investor confidence.
  • Recognition as Forbes' Best Startup Employer highlights strong corporate culture.
  • Winning NAB Show awards underscores LucidLink's innovation in media collaboration.

What critics are saying

  • Emerging competitors like Hedge's DropOff may attract cost-conscious customers.
  • Rapid expansion could dilute LucidLink's brand identity in core markets.
  • Maintaining high employee satisfaction may become challenging as the company scales.

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

$111.5M

Meets

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

-3%

1 year growth

0%

2 year growth

-4%
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.

PR Newswire
Mar 22nd, 2024
Lucidlink Hosts Creatives At Nab 2024 To Discuss Collaboration In The Cloud

Thought Leaders from Paramount, National Hot Rod Association (NHRA),Bemo, Minute Media, Spotify, and moreSAN FRANCISCO, March 22, 2024 /PRNewswire/ -- LucidLink, the storage collaboration platform for the world's largest studios, brands, and creative professionals, will host several thought leadership sessions throughout NAB Show 2024. The panels, hosted both on LucidLink's stand in South Lower Hall (SL2080) and the South Upper Hall, will feature leading creatives working with sporting giants like the National Hot Rod Association and Red Bull Racing; creative advertising agencies such as Sandwich, Minute Media, and Bemo; and major studios including Paramount. These sessions will focus on real-life discussions regarding the advantages and opportunities that creatives face collaborating in the cloud."We're pleased to feature our customers' stories, demonstrating how embracing cloud workflows facilitates remote work and collaboration," said Peter Thompson, CEO and co-founder of LucidLink. "Through these discussions, showcasing the experiences of talented creatives in managing distributed teams, we hope to inspire others to explore the possibilities of breaking down physical constraints in the workplace."The schedule of sessions open to everyone at the NAB Show is as follows:Creators in the Cloud - Creator Lab (South Hall, Upper) Sunday, April 14, 2:00 pmThe pandemic taught us how to work remotely, and the tools continue to improve. We'll look at how video can be synced, stored, and edited collaboratively from anywhere in the world. Find out why some of the most celebrated creators use the cloud to work more efficiently and economically

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