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Cloud storage and data streaming platform LucidLink raises $20 million

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LucidLinka platform that allows companies like Netflix, Nickelodeon and Shell to stream data directly from the cloud has raised $20 million in a Series A funding round.

The rise comes as businesses across the industrial divide have moved into a semi-permanent state of remote working, which in turn has fueled demand for cloud infrastructure.

Founded in 2016, LucidLink positions itself as something akin to network-attached storage (NAS) for the cloud era, allowing companies to collaboratively and remotely edit data, such as CCTV images, or videos, stream from any object storage, and deliver file sharing on-demand when the end user needs it.

LucidLink essentially takes the hassle out of downloading and syncing and helps businesses leverage “cloud storage economics” for applications, file systems, and other high-performance workloads — all delivered via a SaaS product

LucidLink had previously raised about $20 million, including a $12 million Series A last year, and with an additional $20 million in the bank, the company said it is now well-funded to “meet remote collaboration challenges.” for global creative teams”.

“The progress we’ve made in growing the company over the past year demonstrates LucidLink’s unique approach to solving the market’s need for a cloud-native file service focused on hybrid and remote collaboration – especially when it comes to large files and large amounts of data,” LucidLink co-founder and CEO Peter Thompson noted in a press release.

LucidLink’s Series B round was led by Headline, with the participation of Baseline Ventures and Bright Cap Ventures, and Top Tier Capital Partners.

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Shreya Christinahttps://businesstraverse.com
Shreya has been with businesstraverse.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesstraverse.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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