Lucidworks Company Market Research Report

Company Overview

• Name: Lucidworks

• Mission of the Company: Lucidworks aims to enhance the search experience, enabling buyers, users, and employees to discover precisely the content they seek, ultimately gathering insights through search with ease.

• Founded: No information is available.

• Founders: No information is available.

• Key People: No information is available.

• Headquarters: 235 Montgomery St. Suite 500, San Francisco, CA 94104

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the Company Known For: Lucidworks powers the search and discovery experience for some of the world's largest and most successful companies.

Products

1. Fusion Platform

• Description: An insight engine that drives cognitive search providing hyper-personal relevancy for users across massive datasets.

• Key Features:

• Integrated AI for real-time search insights.

• Capable of handling billions of documents.

2. Neural Hybrid Search™

• Description: Combines neural networks with lexical and semantic search methodologies for more intelligent and accurate search results.

• Key Features:

• Analyzes keyword meaning to enhance search relevance.

3. AI + Lucidworks

• Description: Utilizes AI, LLM, and ML integrations to improve search results effectively.

• Key Features:

• Provides controls and guardrails for search applications.

4. Dynamic Pricing™

• Description: Makes complex price and product data searchable at scale, providing a robust search-enabled pricing solution.

• Key Features:

• Enables sorting, faceting, and filtering within search.

5. Managed Search

• Description: Simplifies deployment and scaling of Solr on cloud platforms.

• Key Features:

• Supports Solr on AWS, GCP, and Azure.

Recent Developments

1. New Products and Features:

• B2B Core Package was launched to simplify AI-powered search for manufacturers and distributors.

• AI orchestration engine released, providing tools for managing generative AI initiatives.

• AI-powered enhancements to search functionalities were added, including specific releases aimed at ecommerce improvements.

2. Partnerships:

• Lucidworks named Element Blue as Partner of the Year 2022 for significant achievement in client services.

3. Awards and Recognition:

• Identified as a leader in the 2024 Gartner Magic Quadrant for Search & Product Discovery.

• Achieved a 391% ROI in a Forrester Total Economic Impact study.

This report provides a comprehensive overview, from the company’s core offerings to its recent strategic movements in advancing AI search technologies. With a continual commitment to improving the search and discovery experience across industries, Lucidworks remains at the forefront of enterprise-level search solutions.