“Lucidworks, the commercial organization with the largest pool of Solr committers, announced today a new funding round of $50M US from venture firms Top Tier Capital Partners and Silver Lake Waterman, as well as additional participation from existing investors Shasta Ventures, Granite Ventures, and Allegis Capital.
While a big funding round for a privately held company isn’t uncommon here in ‘the valley’, what really caught my attention is where and how Lucidworks will use the new capital. Will Hayes, Lucidworks’ CEO, intends to focus the investment on what he calls “smart data experiences” that go beyond simply artificial intelligence and machine learning. The challenge is to provide useful and relevant results by addressing what he calls “the last mile” problem in current AI: Â enabling mere mortals to find useful insights in search without having to understand the black art of data science and big data analysis. The end target is to drive better customer experiences and improved employee productivity.”