Utah-based Lucid joins $100 million ARR club; announces major funding

in Business/South Jordan

SOUTH JORDAN — For Lucid co-founder and CEO Karl Sun, Thursday was a day to celebrate. It was also a day to look ahead.

The South Jordan-based software company announced two major things on Thursday. The one to toast: It had reached $100 million in annual recurring revenue. The one that shows there’s excitement for the future: It had completed a $52 million round of funding led ICONIQ Capital.

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