LucidLogix Technologies

Power-saving Software for Mobile Devices

Business Software
Non Active, Mar 2018

Company Overview

Snapshot

Founded in January 2005, LucidLogix Technologies operated with 51–200 employees and raised a total of $48.47 million across 7 funding rounds from 5 investors. The company's assets were acquired by Google in July 2018, leading to its non-active status since March 2018.

Business overview

LucidLogix Technologies develops and markets power-saving software designed to extend smartphone battery life for Android users, enhancing performance during activities like gaming, social media, browsing, and navigation. The company focuses on expanding proprietary algorithms and software technologies to smartphone platforms and the cloud, aiming to reduce mobile hardware power requirements without compromising user experience. Its patented solutions are utilized in over 170 million platforms globally, serving a customer portfolio that includes major brands like Samsung and Lenovo within the Business Software sector, specifically targeting Mobile and Telecom Technologies in markets such as the United States.

Strategic signal

In July 2018, Google acquired the patents of LucidLogix Technologies, signaling the strategic value of the company's power-saving software and proprietary algorithms. This acquisition by a major tech giant like Google validates the innovative nature of LucidLogix's technology and its potential impact on mobile device efficiency and user experience, even after the company ceased active operations.

Company Intelligence Q&A

What was the most significant recent corporate event for LucidLogix Technologies?
In July 2018, Google acquired the patents of LucidLogix Technologies, following the company's non-active status since March 2018.
What was the company's status as of March 2018?
LucidLogix Technologies became non-active in March 2018, following the sale of its assets to Google.
When did LucidLogix Technologies merge with CellGuide?
In March 2013, LucidLogix Technologies merged with CellGuide.
Which investors participated in the October 2008 funding round?
In October 2008, LucidLogix Technologies received funding from Rho Capital Partners and Genesis Partners.
What was the reported reach of LucidLogix's power-saving software in October 2016?
In October 2016, LucidLogix's Israeli power-saving software was reported to be installed on 150 million Android phones.

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