LucidLink Lands $12M in Funding, Adobe Investment
Cloud file technology firm LucidLink has closed a $12 million round of Series A funding, led by global venture capital firm Headline, the company announced, with Headline partner Conrad Chu joining LucidLinks’s board of directors.
The round of funding also included a strategic investment from Adobe, as well as 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,” Chu said. “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’s Filespaces turns 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. The product has seen further adoption during the global shift to remote and hybrid work.
“We couldn’t be more pleased to work with such visionary investors,” said Peter Thompson, CEO, and co-founder of 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.”