LucidWorks Raises 10 Million in Capital

May 23, 2013

LucidWorks continues to raise revenue, helping the company build and support open source software that empowers organizations to manage their multi-structured data. Venture Beat covers this latest round of venture capital in their story, “LucidWorks Pulls in $10M to Turn Open Source Data Into ‘Business Gold.’”

The articles states:

“‘Big data’ startup LucidWorks has raised $10 million to help enterprise companies ‘turn multistructured data into business gold’ . . . According to a form filed with the SEC, existing investors Shasta Ventures, Granite Ventures, and Walden International contributed to this third round of funding. It brings LucidWorks’ total capital raised to $26 million.”

The company employs one-fourth of the committers on the Apache Lucene/Solr project, upon which their LucidWorks Search and LucidWorks Big Data offerings are built. Big customers include AT&T, Elsevier, Cisco, Nike, Sears, and Ford, among others. The company is truly doing well, and this additional capital will help improve their scope and reach. Their support offerings set them apart from the pack, and their investment in open source is sincere, sponsoring multiple training and development events across the country. If they stay on this path, good things will continue to happen to LucidWorks.

Emily Rae Aldridge, May 23, 2013

Sponsored by ArnoldIT.com, developer of Beyond Search

Written by Stephen E. Arnold · Filed Under Data, Financial, News

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.