COMPANY PROFILE

LucidLink

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File storage as a service, transforming any cloud object store into a shared file space

San Francisco, United StatesFounded 2016Other B2B Software

Valuation $500M–1B Last recorded · 2023

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About LucidLink

LucidLink is a technology startup that operates in the cloud storage and collaboration market. The company provides a unique software-as-a-service (SaaS) solution that allows remote teams to work together in real-time, as if they were in the same room. This is achieved by providing instant on-demand file access from anywhere, with the ability to use any operating system (OS) and any object storage.

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The company's primary clients are creative teams that need to collaborate on projects and share assets quickly and efficiently. This includes video and design teams, who can open projects and stream files in real-time, significantly improving their productivity. LucidLink's solution also ensures that all data is kept confidential, with a Zero-Knowledge service that guarantees only the user has access to their data.

LucidLink's business model is based on a SaaS offering, which means clients pay a subscription fee to use the service. There is no need for clients to invest in hardware or IT support, making it a cost-effective solution for businesses of all sizes. The company recently raised $75M in a Series C funding round, indicating strong investor confidence in its business model and growth potential.

In terms of financial performance, LucidLink's solution is reported to save clients significant amounts of time each month, which translates into cost savings and increased productivity. This value proposition, combined with the increasing trend towards remote work, positions LucidLink well for future growth.

Source: Dealroom company data