Lucidchart Accelerates Momentum in 2018 with Significant Global Growth

SOUTH JORDAN, Utah, Feb. 20, 2019 /PRNewswire/ -- Lucidchart, the leading cloud-based visual productivity platform, capped a banner year of global growth and momentum for its business in 2018. Lucidchart's achievements included the opening of its EMEA headquarters, platform innovation and expansion, new integrations with leading enterprise software providers and a $72 million funding round, all of which helped the company accelerate global adoption of its visual productivity platform.

"In 2018, we took a bold step forward toward becoming the standard for working visually," said Karl Sun, co-founder and CEO of Lucidchart. "Millions more workers across the globe turned to Lucidchart because legacy applications did not meet their expectations for visual collaboration and communication, which are foundational to the future of work. We've made tremendous traction in the enterprise market and now serve customers ranging from $5 a month to millions per year. Our 2018 provides a strong foundation to continue our rapid growth in 2019."

Key 2018 Business Achievements

    --  International Growth and Expansion - Lucidchart rapidly scaled from 10
        million users in 2017 to more than 15 million users in 2018. Its global
        user base now extends across more than 180 countries. The company
        recorded more than 140 percent growth in non-English speaking markets in
        a 12-month span and today generates one-third of its revenue
        internationally. To better meet the needs of its international
        customers, Lucidchart opened its EMEA headquarters in Amsterdam.
    --  Funding - Lucidchart has now raised $114 million total after closing $72
        million in funding from new investors Meritech Capital and ICONIQ
        Capital, and existing partner Spectrum Equity.
    --  Enterprise Adoption - Lucidchart, which is used by 96 percent of the
        Fortune 500, continued to expand its fast-growing customer base and
        added leading companies across a range of industries, including Google,
        GE, NBC Universal and Johnson & Johnson.
    --  Platform Expansion - Lucidchart launched a new tailored solution for
        sales teams. The Lucidchart Sales Solution provides intuitive
        diagramming and account mapping software that empowers sales teams to
        close deals faster by visualizing their accounts and standardizing sales
        processes. An integration with Salesforce, also launched in 2018,
        enables sales teams to leverage Lucidchart in the leading intelligent
        CRM platform.
    --  Team Growth - Lucidchart added over 100 new employees to its
        fast-growing team and now has more than 450 employees worldwide.
    --  Workplace Recognition - In recognition of the company's workplace
        culture, Lucidchart was named one of the 2018 Best Small & Medium
        Workplaces by Great Place to Work® and FORTUNE as well as one of Utah
        Business' Best Companies to Work For.

Key 2018 Platform Integrations

Lucidchart announced several integrations with leaders in enterprise software, extending the power of Lucidchart to products its customers use daily. These include:

    --  Microsoft - In Teams, an Office 365 platform where teams can chat, share
        files, and hold online meetings, customers can now create or add a
        Lucidchart document as a tab in any team channel.
    --  GitHub - Lucidchart's integration with GitHub, one of the leading
        software development platforms, lets customers include diagrams in any
        issue or pull request to explain system architecture or user flows at a
        glance.
    --  Google - Lucidchart deepened its collaboration with Google's G Suite
        through a new integration with Hangouts Chat. Lucidchart's integration
        enhances the centralized team communication platform by providing a
        virtual whiteboard where teams can work in real time to brainstorm ideas
        and map out processes and ideas clearly.
    --  AWS - As an APN Technology Partner, Lucidchart achieved the highest
        performance tier for AWS: advanced. The company also added support for
        cross-account roles, an AWS best practice for authenticating with third
        parties.
    --  Salesforce - Customers can now automatically import their Salesforce
        contacts into Lucidchart to quickly build powerful account maps to
        visualize key relationships and determine the best path to sale.
    --  Atlassian - Lucidchart diagrams now auto-update more seamlessly in
        Confluence, Atlassian's team collaboration software.

For more information, visit lucidchart.com

About Lucidchart
Lucidchart is the essential visual productivity platform that helps anyone understand and share ideas, information, and processes with clarity. With this intuitive, cloud-based solution, everyone can work visually and collaborate in real time while building flowcharts, mockups, UML diagrams, and more. Lucidchart is utilized in over 180 countries by more than 15 million users, from sales managers mapping out target organizations to IT directors visualizing their network infrastructure. Ninety-six percent of the Fortune 500 use Lucidchart, and customers include Google, GE, NBC Universal and Johnson & Johnson. Since the Utah-based company's founding in 2010, it has received numerous awards for its product, business and workplace culture. For more information, visit lucidchart.com.

Contact
Ashlyn McKasson
pr@lucidchart.com

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SOURCE Lucidchart