Lucid Software Raises $36 Million for Sales Expansion

Lucid Software, an issuer of a cloud-based totally diagramming carrier, raised $36 million to expand its income staff and get its Software program geared up for worldwide markets.

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Lucid, co-based with the aid of former Google govt Karl Solar, were given the brand new funds in a spherical led by way of increase funding company Spectrum Fairness, backer of other internet start ups like Ancestry. Com, Lynda. Com Inc. And Survey Monkey.Com LLC. Started out in 2010 and based totally in Salt Lake City, Lucid has raised a total of about $forty two million Wide Info.
Lucid’s most important product is Lucidchart, an internet-based device that we could humans create diagrams of complicated approaches and designs such as company work flows and PC server configurations. It has greater than eight million users, along with 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 established on office computers walking Microsoft’s Windows running machine. Lucid’s is to be had over the internet and is like minded with Microsoft’s personal workplace 365 internet-primarily based productiveness service.

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