Lucid Software, an issuer of a cloud-based diagramming service, raised $36 million to expand its staff and get its Software program geared up for worldwide markets. Lucid, co-founded with the aid of former Google executive Karl Solar, was given the brand new funds in a spherical led by Wf Increased Funding Company, Spectrum Fairness, a backer of other internet startups like Ancestry. Com, Lynda. Com Inc. And Survey Monkey.Com LLC. In 2010 and based in Salt Lake City, Lucid raised about $ forty-two million in Wide Info. Lucid’s most important product is Lucidchart, an internet-based tool that we could humans to create diagrams of complicated approaches and designs, such as company workflows and PC server configurations. It has more than eight million users, Uber Technology Inc., Spotify AB, and Pearson Percent.
Solar wouldn’t expose Lucid’s revenue or the startup’s valuation. Visio, its principal rival, mentioned quarterly revenue of more than $50 million in sales in 1999 when Microsoft Corp. acquired the organization for $1.3 billion. Visio’s Software continues to be generally bought as downloads installed on office computers running Microsoft Windows running machine. Lucids is to be had over the internet and is like-minded with Microsoft’s personal workplace 365 internet-primarily based productiveness service.
