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About Lucidworks
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series F
Total Funding
$207.2M
Headquarters
San Francisco, California
Founded
2007
Overview
Lucidworks provides advanced search and discovery solutions through its Fusion Platform, which enhances search accuracy by combining neural networks, lexical search, and semantic search to understand the meaning behind keywords. This platform is designed to improve the search experience for users by delivering more relevant results. Lucidworks serves a variety of clients, including major online retailers and large organizations, particularly in the commerce and customer service sectors, where it helps personalize shopping experiences and connect customer service agents with clients. Unlike many competitors, Lucidworks' platform reduces the need for additional database calls during searches and offers features like sorting, faceting, and filtering. The company aims to empower businesses to leverage AI for practical search applications while ensuring security and control over the results.
Simplify's Take
What believers are saying
- AI orchestration engine launch enhances scalability and efficiency of AI initiatives.
- 93% of companies plan to increase AI investments, boosting demand for Lucidworks' solutions.
- STMicroelectronics' selection showcases Lucidworks' appeal to large, influential clients.
What critics are saying
- Skepticism about AI financial returns may reduce interest in AI-driven search solutions.
- Rapid AI evolution requires continuous innovation to maintain competitive advantage.
- Economic uncertainties may impact client investments in new AI and search technologies.
What makes Lucidworks unique
- Lucidworks' Fusion Platform combines neural networks, lexical, and semantic search for superior results.
- Recognized as a leader in the 2024 Gartner Magic Quadrant for Search and Product Discovery.
- Partnership with Element Blue enhances capabilities in intelligent automation and patient experience.
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Funding
Total Funding
$207.2M
Below
Industry Average
Funded Over
8 Rounds
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 0%Lucidworks launches an AI orchestration engine to help businesses scale AI initiatives, enhancing search and discovery experiences.
Enterprise software firm Lucidworks has released its second annual Generative AI Global Benchmark Study, based on input from over 2,500 global professionals responsible for making organizational decisions on AI deployment.
But that may not have quite panned out: an AI company called Lucidworks released a new report on generative AI this week that revealed that many businesses aren't seeing much in financial returns from their adoption of AI products.
SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) -- Lucidworks, the premier search solutions provider, was named a Leader in the May 2024 Gartner® Magic Quadrant™ for Search and Product Discovery. “This Magic Quadrant™ for Search and Product Discovery is the first version of this Magic Quadrant™. It replaces the Market Guide for Digital Commerce Search. Gartner® defines Search and Product Discovery as applications that augment digital commerce solutions to facilitate navigation, filtering, comparisons, and ultimately selection of products.” “A best-in-class search experience is a key competitive advantage,” said Mike Sinoway, CEO, Lucidworks. “Lucidworks is dedicated to providing our clients with the search technology and expertise to drive excellent experiences for their customers. We’re honored to be recognized as a Leader for our continued innovation in search solutions and digital experiences
Lucidworks receives recognition as a Strong Performer in Cognitive Search evaluation by leading independent research Firm.
Lucidworks is Hiring for 2 Jobs on Simplify!
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About Lucidworks
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series F
Total Funding
$207.2M
Headquarters
San Francisco, California
Founded
2007
Lucidworks is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today