News & Press

Stay current with Lucidworks' latest innovations, media coverage, and company milestones. Discover how our AI-powered search solutions are transforming enterprise information discovery and creating meaningful digital experiences for organizations worldwide.

“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:  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.”

Full article.

You Might Also Like

AI anxiety has sent markets into a tizzy, but experts say the jitters will only ‘punish those chasing the froth’

“There’s no doubt that when MIT reports a 95% failure rate in...

Read More

Coppel Named Winner of Lucidworks’ 2025 Superstars of Search Innovation Award for AI-Powered Product Discovery Enhancements

Mexican retail leader recognized for machine learning implementation that drove record El...

Read More

Mouser Electronics Named Winner of Lucidworks’ 2025 Superstars of Search Superhero Award for Mission-Critical Search Excellence

Global electronics distributor recognized for powering lightning-fast results across 44 million products...

Read More

Quick Links