A Year in Review - Letter from the CEO

January 8, 2019

By Will Coleman

Letter from the CEO

Will Coleman, Lucid


As we dive headlong into 2019, I want to take a moment to look back at what we’ve accomplished this year and look forward at what’s to come. 2018 was an eventful year in the history of Lucid. In February 2018, after 14 years as a start-up and independent company, Lucid was acquired by Acuity Brands and became the cloud offering for one of the largest building technology companies in the industry.

The acquisition marked the start of a new phase for the company - from our origins as a startup, to a venture backed leader in the industry, to a cloud platform with the resources and reach to deliver on our ever-growing ambitions.

I am happy to say that the acquisition has enabled us to double down on our commitment to customers, to continue innovating, and to drive change in the industry. Since the acquisition we have:

  • Invested heavily in our team – growing from 41 people in February 2018 to 65 today.
  • Brought on Sarah Diegnan from Opower to lead Customer Success & Operations.
  • Integrated the DGlux team into Lucid to drive a new unified “edge to cloud” solution with the best of DGlux’s leading interface development solution and BuildingOS’s cloud capabilities.
  • Launched our new BuildingOS Facilities offering to provide the same analytics and reporting visibility to equipment and work orders as we do to energy and sensors.
  • Hosted our third Connected Buildings customer summit in downtown San Francisco with incredible case studies about how BuildingOS and DGlux are being used to drive millions in savings and new revenue.
  • Continued our focus on innovation to deliver a new approach to Fault Detection & Diagnostics – BuildingOS Optimizations – that replaces the need for cumbersome and unwieldy FDD solutions.
  • Brought in Eugene Roberov from Acuity and Cisco to lead our integrated engineering team.
  • Hired Karen Becker from Dotloop/Autodesk to lead our marketing team.
  • Fully internationalized our platform for global expansion.
  • Continued to deliver the leading building operations analytics solution to more higher education, corporate, and commercial building owners than anyone in the industry.

It has been a busy year. 2019 looks even busier. We have significant new product plans and opportunities to marry the unique capabilities of BuildingOS Cloud with DGlux, DSA, and Acuity’s Atrius solutions.

The industry is changing, too. We have seen many smaller companies acquired in a wave of consolidation and a clear trend toward bringing more dynamic software and analytics to an industry that has been historically slow to adopt new technology. What should we expect in 2019?

  • The distinction between on-prem solutions and cloud analytics will go away. People want data, insight, and control where they are when they need it.
  • Leading organizations will show the industry meaningful ways that better building operations impact cost, satisfaction, health, and revenues well beyond energy and resource savings.
  • The walls between facilities, IT, and business operations will begin to come down as leaders see the need to have more integrated solutions.
  • Fault detection will gain intelligence and will drive much more focused value.
  • “Connected Buildings” will become a required ambition across retail, corporate, industrial, and education.

A lot is changing in our political and economic landscape. Some of that will no doubt impact our industry. As we come off all-time highs in property values and economic growth the importance of efficiency, productivity, and data-driven decisions will only increase.

I am looking forward to the coming year and am grateful for the partnership, contributions, guidance, and commitment each of you have made to our mission and to this industry over the years.


Best wishes for 2019,

Will


Will Coleman

Will has been involved in the building technology industry for over a decade as an investor and entrepreneur. He was a partner at Mohr Davidow Ventures and founded Onramp Capital. Will has worked with companies including Honest Buildings, Phylagen, Academic Partners, and GE. He has been a leader in clean technology innovation testifying multiple times before the U.S. Senate and Congress. At Lucid Will sees the opportunity to transform an age-old industry with technology. Will is on the advisory boards of the National Renewable Energy Laboratory, the Berkeley Energy & Climate Institute, and the Governing Council of the Wilderness Society. Will holds an AB magna cum laude from Harvard University, an MBA from the Haas School of Business, and an MS in Energy & Resources from UC Berkeley.