Lucidchart (also accepted as Lucid Software) is a Utah-based aggregation allowance organizations coact through beheld media. It offers a apartment of web-based agenda publishing and beheld asset conception accoutrement featuring real-time accord and affiliation with accepted action abundance platforms.
Today, the aggregation announces that it has aloft $72 actor in a Series C annular from new investors Meritech Capital and ICONIQ Capital. Existing broker Spectrum Equity alternate as well. This brings the company’s absolute adventure allotment to aloof over $114 million. Lucidchart beneath to acknowledgment specific questions about acquirement and valuation.
In accession to connected advance in developing its artefact and account offerings, Lucidchart will be aperture a additional address in Amsterdam in January 2019 to serve the company’s European, Middle Eastern, and African customers. The aggregation says it has 15 actor users application the artefact in seven languages beyond added than 180 countries about the world.
Crunchbase News batten with Lucidchart co-founder and CEO Karl Sun about the allotment round, his company’s advance to date, and affairs for the future.
First launched in beta in December 2008 and formally appear in July 2010, the aggregation operated at the bend of in-browser architecture and accord capabilities. Recalling the “pretty apologetic state” of web-based accoutrement like Google Docs at the time, Sun reminisced about the eighth-second keystroke lag, amid added things. “It was all actual kludgey,” he said.
Sun, an aboriginal Google agent who confused to Salt Lake City about backward 2009, met co-founder Ben Dilts, who at the time had already appear the aboriginal beta of Lucidchart publicly.
“It performed bigger than annihilation abroad in the bazaar at the time,” said Sun, speaking about Lucidchart’s cartoon and accord features. Dilts had larboard academy to assignment at addition aggregation above-mentioned to Lucidchart and capital to go aback and accomplishment his degree. As Dilts completed school, Sun formed with him to about-face Lucidchart into a business.
“Our ambition from the alpha has been to advice bodies assignment the way they think, which for best bodies is visually,” said Sun.
What started out as a simple web-based apparatus for authoritative flowcharts and simple diagrams has acquired to a added able-bodied toolkit for basic images that bury abstracts from alfresco sources assimilate cartoon created with Lucidchart. For example, the aggregation can automatically anticipate a customer’s AWS basic clandestine billow as a arrangement cartography diagram. It can additionally acceptation a sales team’s Salesforce contacts to actualize annotated maps of big accounts, amid added things. Sun mentioned several accessible integrations with added sales and software achievement tracking applications.
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