Sony Pixel Power calrec Sony

LucidLink Raises 75M Dollars in Series C Funding Led by B...

21/11/2023

Startup Delivers Exceptional Growth, Increasing Annual Recurring Revenue by More Than 5X Over the Past Two Years

LucidLink, pioneers in enabling instant access to data and real-time collaboration for the world's most innovative companies, today announced that it has raised $75 million in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space. Major existing investors, including Headline, Baseline Ventures, and Adobe Ventures, also participated. Over the past two years despite a challenging environment LucidLink has delivered exceptional growth, including growing its annual recurring revenue (ARR) by nearly 5x and the number of users on its platform by over 4x.

Founded in 2016, LucidLink developed the world's first storage collaboration platform designed to help remote and hybrid teams of creative professionals tackle a variety of complex use cases by enabling immediate access to huge files and secure real-time collaboration. LucidLink's system is built specifically for the modern computing environment, eliminating the need to download or synchronize files by allowing users to stream data directly from the cloud.

"LucidLink recognized a substantial need for real-time collaboration in the cloud, and their solution has rapidly become indispensable for hybrid and remote creative professionals, underscored by its robust recent growth and diverse customer base of leading innovative companies, said Mike Gregoire and Sam Kentor, Partners at Brighton Park Capital. The Company is well-positioned to build on its momentum, and we are excited to support LucidLink's strategic initiatives to drive future growth.

According to a recent Filestage report, three-quarters of creative collaboration now happens remotely, with the average creative review process taking eight days and over three versions to receive sign-off.1 International Data Corporation predicts this trend will drive investment in cloud infrastructure and services to $1.2 trillion by 2027 as the need for businesses to prepare for a hybrid workforce grows more urgent.2 For creative industries that work with complex files and applications, real-time collaboration across a hybrid and remote employee base has become a top pain point organizations face today.

Peter Thompson, CEO and Co-Founder of LucidLink, stated, Legacy collaboration and storage solutions are not designed for this new hybrid workplace reality, and LucidLink is becoming the go-to solution for companies looking to future-proof their businesses. Our customers are reaching 5x in productivity gains on previously impossible workflows, and we are excited to see how they continue to unlock new possibilities as we help to accelerate the future of collaborative work.

Thompson added, Brighton Park's deep expertise, broad network, and track record of supporting growth across its portfolio companies make it the perfect partner, and we are grateful to our existing investors for their continued support.

Today, LucidLink customers in creative industries and beyond are collaborating on over one billion files across 40 countries. Customers include Adobe, A&E Networks, Whirlpool, Shopify, Buzzfeed, and Spotify, as well as Hollywood studios, major broadcasters, brands, digital ad agencies, architectural firms, and gaming companies. The new capital will accelerate LucidLink's product and engineering development, customer acquisition efforts, and expansion into new verticals and geographies.

With this Series C investment, LucidLink will accelerate its most ambitious product updates in the Company's history to expand our technology leadership position, open up new customer use cases, and create more personalized product experiences that enable creative professionals to work more efficiently and effectively, said George Dochev, CTO and Co-Founder of LucidLink.

LucidLink's industry-leading technology and culture has received numerous accolades, including National Association of Broadcasters Product of the Year in 2022 and 2023 and Inc. Magazine's Best US Workplaces in 2023. LucidLink is hiring across departments and geographies. For more information on open roles, please visit Careers. For more information about LucidLink, contact info@lucidlink.com, follow the Company on X (formerly Twitter) and LinkedIn, and visit www.lucidlink.com.
LINK: https://kitplus.com/news/lucidlink-raises-75m-dollars-in-series-c-fund...
See more stories from tvbay

More from TV-Bay

03/07/2025

Filmmaker Jay Holben Releases The Directors Guide to Ever...

Acclaimed filmmaker, educator, and industry veteran Jay Holben has released his most ambitious work to date: The Director's Guide to Everything a sweeping...

03/07/2025

Capturing the Moment - Pruski Photographs Dyke Day LA wit...

For Los Angeles-based photographer Scout Pruski, documenting the annual Dyke Day LA is a way to honor and give back to the city's legacy queer community and...

03/07/2025

New Reinvented Chimera V-Flat Panel Frame Kit

Modular, Travel-Ready Solution Matthews Studio Equipment launches the new Chimera V-Flat Panel Frame Kit, the lightweight and modular, ultra-durable alternativ...

03/07/2025

Dalet Flex LTS Release Elevates Content Workflows with Ne...

Dalet, a leading technology and service provider for media-rich organizations, today announced the release of Dalet Flex 2025.6 LTS (long-term support), introdu...

03/07/2025

Lightware launches LARA Wizard to help integrators simpli...

Lightware's LARA Wizard makes it quicker and easier than ever to set up audio-visual (AV) room automation and control configurations, ensuring anyone, from ...

03/07/2025

Alfalite obtains NCAGE and TAA certifications strengtheni...

Alfalite, the only European manufacturer of LED screens, has obtained both the NCAGE Code (NATO Commercial and Government Entity) and TAA (Trade Agreements Act)...

03/07/2025

WIN streamlines complex live production with nxtedition

nxtedition is implementing a new solution for WIN Network, based in its headquarters in Wollongong, New South Wales, Australia. The nxtedition integrated platfo...

03/07/2025

ORS Group and Insys Video Technologies unite under one br...

ORS Group and Insys Video Technologies today announce the launch of a new joint brand identity: Big Blue Marble. The move reflects the evolution of a long-stand...

03/07/2025

Evergent Proves Cross-Industry Power of AI for Japanese G...

Evergent, a global leader in customer lifecycle management and monetization solutions for subscription-based businesses, today announced the successful results ...

03/07/2025

LYNX Technik Appoints New Executive Leadership Team to Dr...

LYNX Technik, provider of modular signal processing solutions today announces an executive leadership transition, effective July 1, 2025. Markus Motzko has been...

01/07/2025

Magewell Brings NDI into Conferencing Software and More w...

Compact new converter lets users capture live NDI and streaming sources into software over a USB interface Video interface and IP workflow innovator Magewell ...

01/07/2025

Disneys Hercules Brings Mosaic Visuals To Life On Stage W...

Disguise, the award-winning tech company driving visuals for Broadway and West End hits including Redwood, Stranger Things: The First Shadow and Disney's Fr...

28/06/2025

Sonnet Announces Echo 20 Thunderbolt 4 SuperDock Now Veri...

LAKE FOREST, Calif. June 19, 2025 What's New: Sonnet Technologies today announced the certification of its Echo 20 Thunderbolt 4 SuperDock as an Engin...

28/06/2025

IDC Names MASV One of Three Most Innovative Companies in...

MASV (massive.io), the fastest and most reliable large file transfer platform for media professionals, has been named an IDC Innovator in the IDC Innovators: Me...

28/06/2025

TV SKYLINE Expands Live Production Capabilities with Late...

Grass Valley today announced that TV SKYLINE GmbH, one of Europe's top mobile production providers, has expanded its camera inventory with 30 LDX 135 UHD/HD...

28/06/2025

AgileTV has been selected to develop and implement LIWEST...

AgileTV, a European leader in TV and video technology solutions, signed an agreement with Austrian telco LIWEST to develop and implement its TV service in Austr...

27/06/2025

TAG Video Systems and Gencom Technology Forge Strategic P...

TAG Video Systems, the leader in software-based IP media probing, monitoring, visualization, and analytics, has announced a new collaboration with Gencom Techno...

27/06/2025

France-tv Streamlines Master Control Capabilities with PR...

Pixel Power (A Rohde & Schwarz Company) has recently been working with France T l visions, the French national public TV broadcaster, on a number of projects fo...

27/06/2025

DPA Microphones to Reveal Breakthroughs in RF Distributio...

DPA Microphones' U.S. team, a partner of Wisycom SRL, is hosting a free webinar focused on Wisycom's innovative RF distribution technology for wireless ...

27/06/2025

Avid delivers full integration of MediaCentral and Wolfte...

Avid today announced the release and immediate availability of its fully integrated, industry-leading news platform, uniting MediaCentral and Wolftech News in...

27/06/2025

PlayBox Neo Highlights Strategic Visibility at Key Indust...

PlayBox Neo is only half way through the year and has already experienced sustained demand for the company's wide range of smart media solutions, reporting ...

25/06/2025

KRK launches Kreate Series Studio Monitors a versatile so...

KRK introduces the Kreate Series Studio Monitors, the newest addition to the brand's wide range of audio offerings. The Kreate monitors bring extraordinary ...

25/06/2025

Skandha partners with EFC to bolster Global Media Capabil...

Collaboration with space-branded real estate specialist brings next level offshoring agility to broadcasters, OTT platforms, media tech and software companies ...

25/06/2025

NUGEN Audio to Host Live Panel on Dialog Intelligibility...

NUGEN Audio will host Can You Hear Me Clearly, an online panel discussion on speech intelligibility and why it matters, on Tuesday, July 8 at 2 p.m. EDT (7 p....

25/06/2025

Utelogy Expands Utelligence Program with Legrand - AV Bra...

Utelogy Corporation, a global leader in connected workspace management, monitoring, and analytics, is excited to bring Legrand | AV into its Utelligence Allianc...

24/06/2025

Interface Systems to Unveil Virtual Perimeter Guard

The Singapore Repertory Theatre (SRT), one of the leading professional theatre companies in Asia, recently deployed Clear-Com 's Arcadia Central Station, r...

24/06/2025

Brightline Lighting Delivers a Breakthrough in Low Voltag...

Brightline Lighting introduces an all-in-one, low voltage control system for variable white lighting over a single DMX cable. Designed to provide seamless compa...

24/06/2025

How 6000TB of Global Footage Trains AI and Pays Creators

Who Is Troveo? Troveo is a video licensing platform helping creators monetize unused footage through AI licensing: Content owners such as creators, filmmakers, ...

24/06/2025

Rise AV Launches Elevate Programme to Empower the Next Ge...

Applications Now Open for Groundbreaking UK Leadership Initiative Closes 31 July Rise AV, the advocacy group championing gender diversity and professional de...

24/06/2025

RTM Sarawak Futureproofs with DHD SX2 Audio Mixers

Radio Televisyen Malaysia (RTM) Sarawak, the central regional division of Malaysia s state broadcast network, has chosen DHD audio mixing consoles and digital s...

24/06/2025

MNC Group partners with Friend MTS to lead anti-piracy ch...

Friend MTS, the number one anti-piracy provider in media, sports, and entertainment, today announced it is partnering with MNC Media & Entertainment, Southeast ...

24/06/2025

Wooden Camera Launches the Elite Handheld Accessories

Wooden Camera, a leading innovator in camera accessories, is proud to announce the launch of Elite Handheld Accessories that includes new innovative designs for...

24/06/2025

Experience Commerce Bags Two Afaqs Awards for Parle Kism...

Experience Commerce, a leading full-service digital agency and part of the Cheil SWA group, has won big at the Afaqs! Marketer's Excellence Awards 2025. The...

24/06/2025

LiveU Successfully Concludes FIDAL Field Trials Beyond 5G...

LiveU has announced the successful completion of the European FIDAL/B5VideoNet (B5GVN) project. The project demonstrated pioneering advancements in remote video...

20/06/2025

Pixellot Names Rob DeSalvo President of North American Op...

Pixellot, the world's largest streamer of sports video - transforming three million annual hours of gameplay into personal stories of individual success - t...

20/06/2025

Rise Announce Global Cohorts for 2025 Mentoring Scheme

Rise, the award-winning advocacy group for gender diversity in the broadcast and media technology sector, is pleased to announce the global cohort for 2025. The...

20/06/2025

ZOE Broadcasting continues to invest in PlayBox Neo now w...

ZOE Broadcasting Network, Inc. (ZBNI/ZOE TV), a valued customer of PlayBox Neo for over a decade, has further solidified its position among global television ne...

19/06/2025

Amazon MGM Studios renews collaboration with Avid to supp...

Avid today announced an extended agreement with Amazon MGM Studios to integrate Avid's industry-leading creative tools, Media Composer and Avid NEXIS , on...

19/06/2025

Telestream Qualify Introduces AI-Powered Language Detecti...

Telestream, a global leader in media workflow technologies, today introduced key innovations in the newest version of Telestream Qualify, a cloud-native quality...

19/06/2025

Limecraft Announces Platform Update with Enhanced Dashboa...

Limecraft, a leading provider of cloud-based production and delivery tools for the media and entertainment industry, today announced the general availability of...

19/06/2025

View Master Events Powers Greece s First Fully Operationa...

Grass Valley, the media and entertainment industry's leading technology innovator, today announced a significant advancement in Greek media production: the ...

19/06/2025

Globecast Delivers Comprehensive Broadcast Services to RA...

Linear, Live Sports and Playout Origination from Globecast's Newest Facility in Westlake Village, CA Globecast, the leading provider of broadcast, media an...

19/06/2025

Cobalt Digital Wins Futures Best of Show Award for COBALT...

Cobalt Digital, the leading designer and manufacturer of award-winning signal processing products and a founding partner in the openGear initiative, is pleased...

19/06/2025

Lightware supports commitment to environmental sustainabi...

Lightware Visual Engineering, a pioneer in signal management, has begun rolling out paper-only packaging for its flagship products, heralding another important ...

19/06/2025

Mediagenix to supply France Medias Monde with state of th...

Mediagenix, a global leader in smart content solutions to profitably connect the right content to the right audience, today announces that it has been selected ...

19/06/2025

HighField AI Partners with CGI to Streamline Broadcast Gr...

HighField AI, the industry's first multimodal, agentic AI solution purpose-built for broadcast newsrooms, today announced its integration with CGI OpenMedia...

19/06/2025

Amino H200W with Orchestrate Wins Best of Show Award at I...

Amino, a global leader in enterprise video and digital signage technology, today announced that its flagship media player, the H200W with Orchestrate, has been ...

19/06/2025

ENEX Implements LiveU Matrix Ad Hoc Channel Expansion to...

News agency ENEX, a long-term LiveU customer, has expanded its use of LiveU's Matrix cloud-native IP video distribution platform with the addition of an ad ...

19/06/2025

Broadcast Solutions realises bold ambitions for Aalto Uni...

Broadcast Solutions, one of Europe's largest media systems integration groups, has completed a remarkable project to create an extensive infrastructure at A...

19/06/2025

Relo Metrics and VideoAmp Unveil Total Sports Performance...

Relo Metrics and VideoAmp today announced the official launch of Total Sports Performance, a next-generation measurement and attribution solution purpose-built ...