Headline Leads the Round, Adobe Joins as a Strategic Investor
LucidLink, an innovator in cloud file technology, announced it 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 global venture capital firm whose portfolio includes notable companies like Segment, SEMrush, and Gopuff. Also in the round is strategic investment from Adobe who invests in startups developing innovative technologies aligned with their strategic goals. Conrad Chu, Partner, from Headline will join LucidLink’s board of directors. The round includes participation from Baseline Ventures and Bright Cap Ventures.
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“When we met LucidLink, we knew we had found the perfect fit of founders and disruptive technology,” said Conrad Chu, Partner, Headline. “We discovered Filespaces as a user and immediately recognized that there is nothing else like it out there. With incredible traction in the Media and Entertainment industry as well as Architecture, Engineering, and Construction, LucidLink is hitting it out of the park with this next-generation cloud file system.”
LucidLink invented Filespaces, a truly unique 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.
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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. LucidLink addresses the pain point of providing shared storage for collaboration, enabling users access to shared data from multiple remote locations. With LucidLink, 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.”
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