LucidLink, Corp. raised $12 million in series A funding to support accelerated growth and continue to provide a market-leading customer experience.
The round was led by Headline, a VC firm whose portfolio includes companies like Segment, SEMrush, and Gopuff. Also in the round is strategic investment from Adobe who invests in start-ups developing innovative technologies aligned with their strategic goals.
Conrad Chu, partner, Headline, will join LucidLinks’s board of directors.
The round includes participation from Baseline Ventures and Bright Cap Ventures.
“When we met LucidLink, we knew we had found the perfect fit of founders and disruptive technology,” said Chu. “We discovered Filespaces as a user and immediately recognized that there is nothing else like it out there. With incredible traction in the M&E industry as well as architecture, engineering, and construction, LucidLink is hitting it out of the park with this next-gen cloud file system.”
LucidLink invented Filespaces, a way of transforming the cloud into a local storage system or a cloud-to-edge NAS, by providing direct access to files stored in the cloud and streaming them to applications on demand.
With the global shift to remote and hybrid work, companies and individuals are restructuring how they do business, and working out of the cloud is playing a pivotal role. The start-up addresses the pain point of providing shared storage for collaboration, enabling users access to shared data from multiple remote locations. Here users have immediate access to data from anywhere in the world, as an extension of their local drive, making cloud services much more accessible, scalable, and affordable.
“We couldn’t be more pleased to work with such visionary investors,” said Peter Thompson, CEO, and co-founder, LucidLink. “The team at Headline knows how to drive global adoption of forward-thinking technology, and our partnership with Adobe presents a perfect opportunity to easily enable remote production teams with the entire suite of Adobe Creative Cloud products.”
Today’s funding starts off a strong year for LucidLink. The company continues to be recognized in the industry, winning the Cloud Storage Product of the Year from TechTarget for 2 consecutive years, 2019 and 2020. It has also been identified as one of the Coolest Data Management Companies by CRN in its 2021 Storage 100 list and included in the 9 Enterprise Storage Start-Ups to Watch by Network World.
Note: LucidLink got formerly two seek rounds, $6 million in 2018 and $1.6 million in 2016, total now reaching $19.6 million from 7 investors.