Lucidworks was founded in 2007 by Grant Ingersoll and Yonik Seeley. In 2019, CEO Will Hayes told reporters that an IPO could be on the table in the next two or three years. In 2022, the company announced two new appointments to its board of directors during what Hayes described as "a critical moment of transformation."
Lucidworks offers AI-powered search engines for enterprises that help deliver targeted results to customers. The company acquired Twigkit in 2017, followed by Cirrus10 in 2020. Lucidworks has raised more than $200 million in venture capital funding from investors including Francisco Partners, Sixth Street Partners, Top Tier Capital Partners, Shasta Ventures, Granite Ventures, and Walden International. The company was valued at $370 million after a Series F funding round raised $100 million in 2019.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.