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Lucid Software is a technology company.
Lucid Software offers a visual collaboration suite, primarily featuring Lucidchart for intelligent diagramming and Lucidspark for virtual whiteboarding. These platforms empower teams to ideate, plan, and build solutions on a shared digital canvas. The integrated approach streamlines complex workflows, enhancing visual communication and organizational alignment across various functions.
Co-founded in 2010 by Ben Dilts, who serves as Chief Engineer, and Karl Sun, the Board Chair, Lucid Software originated from a keen observation of a market gap. They recognized the need for robust, cloud-based solutions to facilitate seamless visual collaboration and communication, leading to the development of a platform that transforms how teams conceptualize and execute intricate projects.
The company caters to a wide array of clients, supporting teams in IT, engineering, and product development within diverse organizations. Its products are deployed to optimize operations, stimulate innovation, and advance digital transformation initiatives. Lucid Software's core mission is to empower teams to more swiftly envision and construct the future, solidifying its role as a frontrunner in accelerating collaborative work.
Lucid Software has raised $738.0M across 9 funding rounds.
Lucid Software has raised $738.0M in total across 9 funding rounds.
Lucid Software is valued at approximately $30.0M.
Lucid Software has raised $738.0M in total across 9 funding rounds.
Lucid Software is valued at approximately $30.0M.
Lucid Software's investors include Alkeon Capital, Steadfast Venture Capital, Tiger Global, Spectrum Equity, Ben Spero, Ethan Choi, ICONIQ Capital, Accelerator Ventures, Blumberg Capital, IDG Ventures, Lazerow Ventures, Meritech Capital Partners.
Lucid Software is a visual collaboration platform that builds intelligent diagramming (Lucidchart), virtual whiteboarding (Lucidspark), and cloud visualization (Lucidscale) tools to help teams visualize, collaborate, and accelerate workflows from idea to execution[1][2][4]. It serves over 100 million users across 180+ countries, including 99% of the Fortune 500, targeting enterprises, distributed teams, and business analysts who need real-time visual communication for alignment and business transformation[2][4]. The company solves the limitations of legacy desktop tools like Microsoft Visio by offering cloud-based, collaborative alternatives that drive faster decision-making and execution, with strong growth via a freemium model that scaled to unicorn status (estimated $3B valuation in 2021) and global expansion[1][3][5].
Lucid Software was co-founded in 2010 by Ben Dilts (CTO, technical lead) and Karl Sun (Board Chair, strategic operator) while Dilts studied at Brigham Young University[1][2][3]. The idea emerged from Dilts' frustration at Zane Benefits, a health tech startup where he built tech as its third employee; the team struggled with only two costly Microsoft Visio licenses, leading to inefficient file-sharing and manual edits for diagramming healthcare products[1][3]. Dilts created a cloud-based, collaborative diagramming tool as a side project to fill this gap, as no workplace-grade equivalent existed despite Google Docs[1]. Launching as freemium Lucidchart, it gained early traction, signing Pearson as its first enterprise customer in 2012, which fueled scaling and evolution into a full suite—including Lucidspark (2020, for remote ideation amid COVID) and Lucidscale (2021, for cloud optimization)[1][3].
Lucid rides the visual collaboration wave in a remote/hybrid world, capitalizing on post-COVID demand for tools that replace in-person whiteboards and siloed diagrams, aligning with AI-driven productivity and business transformation trends[1][2][5]. Timing was ideal: freemium launch pre-dated widespread cloud shift, while Lucidspark (2020) met remote work surge, and AI/security investments positioned it against competitors in a $10B+ productivity software market[3][5]. Market forces like enterprise digitization and Fortune 500 adoption (99%) favor its scale, while global offices (Utah HQ, EMEA/APAC hubs) tap international growth; it influences the ecosystem by setting standards for connected visual platforms, enabling faster alignment in complex projects[2][4][5].
Lucid is poised to dominate as the most complete visual work acceleration platform, with AI innovations, Workspace awards, and expansions signaling momentum toward IPO or further scaling[2][5]. Trends like AI-augmented workflows, hybrid teams, and cloud complexity will propel growth, potentially pushing valuation beyond $3B via deeper enterprise penetration and new products[3][5]. Its influence may evolve from diagramming niche to ecosystem orchestrator, tying back to founders' vision: transforming clunky tools into collaborative powerhouses that let teams truly see—and build—the future faster[1][2].
Lucid Software has raised $738.0M across 9 funding rounds. Most recently, it raised $500.0M Other Equity in June 2021.