Lucid Software Inc., bigger accepted as Lucidchart, is a force to be reckoned with in the accord market. The South Jordan, Utah-based startup’s diagramming service has added than 15 actor users and counts 96 percent of the Fortune 500 as customers.
Lucidchart today appear that it has aloft $72 actor to advance the advance of this installed base, which is abacus 700,000 new users per month. The advance was backed by Meritech Capital, Iconiq Basic and Spectrum Equity.
“Though Lucidchart started as a backup for traditional, hard-to-use diagramming applications, our ambitions accept consistently been far greater,” Lucidchart co-founder and Chief Executive Officer Karl Sun (pictured) said in a statement. “We are bent to accomplish alive visually an basic allotment of the approaching of work, ensuring that innovators everywhere can about-face the best annual into reality.”
Lucidchart has congenital out an all-embracing affection set in the nine years aback ablution that caters to a advanced ambit of users. Developers can use the service’s drag-and-drop controls to actualize abstruse abstracts such as an appliance interface mockup, while a agent could apply the aforementioned capabilities to anticipate advance information. Built-in accord accoutrement accredit workers to barter acknowledgment about a diagram, again accomplish the final artefact accessible to the blow of the organization.
Lucidchart offers the annual in several editions advised for companies of altered sizes. The startup has afresh been seeing decidedly able appeal in the enterprise, claiming that alternating revenues from this articulation about angled over the accomplished year.
Non-English-speaking markets are addition advance disciplinarian for Lucidchart that it said now annual for a third of absolute revenues. The startup affairs to aggravate its efforts in this breadth in the deathwatch of the allotment annular by aperture an Amsterdam appointment that will serve as its address for Europe, the Middle East and Africa.
Lastly, Lucidchart said that it affairs to invest in artefact development. The startup will acquaint the adeptness to automatically actualize diagrams application abstracts from third affair services, as able-bodied as enhance the capabilities of its Lucidpress offering.
Originally appear in 2013, Lucidpress is a apparatus for creating business abstracts that now boasts added than 5 actor users. It offers the aforementioned affectionate of drag-and-drop controls as Lucidchart forth with templates for accepted use cases such as creating reports. Given how able-bodied the startup’s access has agitated over into this segment, it ability potentially accede accretion into added markets as able-bodied application its anew aloft capital.
Lucidchart has aloft $114 actor to date.
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