Rutan & Tucker represented San Francisco-based Lucidworks, an artificial intelligence-powered search technology company in securing $100 million from investors, including private equity firm Francisco Partners and investment firm TPG Sixth Street Partners.
According to Lucidworks’ statement, investment firm Top Tier Capital Partners and venture capital firms Shasta Ventures, Granite Ventures and AllegisCyber are existing Lucidworks investors. Lucidworks also said that none of its existing investors sold shares as part of the $100 million investment.
A representative for Lucidworks told Law360 that the company has raised more than $200 million to date.
Lucidworks Inks $100M Private Equity-Backed Funding
Also posted in the Los Angeles Daily Journal Dealmakers section.