SOURCE: Lucidworks

Lucidworks

November 18, 2015 08:00 ET

Lucidworks Announces $21 Million in Series D Funding

SAN FRANCISCO, CA--(Marketwired - Nov 18, 2015) - Lucidworks, the chosen search solution for leading brands and organizations around the world, today announced $21 million in new financing. Allegis Capital led the round with participation from existing investors Shasta Ventures and Granite Ventures. Lucidworks will use the funds to accelerate its product-focused mission enabling companies to translate massive amounts of data into actionable business intelligence.

"Organizations demand powerful data applications with the ease of use of a mobile app. Our platform provides universal data access to end users both inside and outside the enterprise," said Will Hayes, CEO, Lucidworks. "With this investment, Lucidworks will expand our efforts to be the premier platform for building search and data-driven applications."

"Lucidworks has proven itself, not only by providing the software and solutions that businesses need to benefit from Lucene/Solr search, but also by expanding its vision with new products like Fusion that give companies the ability to fully harness search technology suiting their particular customers," says Spencer Tall, Managing Director, Allegis Capital. "We fully support Lucidworks, not only for what it has achieved to date -- disruptive search solutions that offer real, immediate benefits to businesses -- but for the promising future of its product technology."

The Lucidworks Fusion platform is built on Apache Solr, one of the largest open source projects in the world. The company employs some of the foremost Solr experts in the world and has contributed 70 percent of the project's code, helping to improve and shape the direction of the popular search software solution. Companies like Red Hat, Verizon, Sears, ADP, Staples, Cisco, MapR and Hortonworks, among others, rely on Lucidworks to power search and data applications inside their organizations. For more information, visit lucidworks.com.

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About Lucidworks
Lucidworks provides companies with the capabilities to create powerful data applications that give users the right data at the right time. The Lucidworks Fusion platform gives teams everything they need to build intelligent search and data apps -- at any scale. Companies from consumer retail and healthcare to insurance and financial services, rely on Lucidworks every day to power both consumer-facing and enterprise apps. Lucidworks' investors include Allegis Capital, Shasta Ventures, Granite Ventures, Walden International and In-Q-Tel. Learn more at lucidworks.com.