When was isLucid founded?

isLucid was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is isLucid located?

isLucid is headquartered in Vilnius, Lithuania.

How many employees does isLucid have?

As of Mar 31, 2026, the latest employee count at isLucid is 16.

Is isLucid a funded company?

isLucid is a funded company, having raised a total of $400K across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Nov 10, 2020.

When was the latest funding round of isLucid?

isLucid's latest funding was a $***** Seed round on Jan 13, 2022, with participation from 4 investors.

Where does isLucid rank among its competitors?

isLucid ranks 23rd amongst 135 active competitors, of which 31 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Quill Notes, which secured $6.5M in Feb, 2026.

Who are the top competitors of isLucid?

isLucid's top competitors include Fireflies, Read AI and Meet Geek. Among them, Quill Notes secured the most recent funding round in February, 2026.

isLucid - 2026 Company Profile, Team, Funding & Competitors

isLucid is a seed company based in Vilnius (Lithuania), founded in 2020 by Vytenis Pakenas and Gabija Visockyte. It operates as an AI-based platform for meeting assistant. isLucid has raised $400K in funding from Startup Wise Guys. The company has 135 active competitors, including 31 funded and 1 that has exited. Its top competitors include companies like Fireflies, Read AI and Meet Geek.

Company Details

AI-based platform for meeting assistant. It offers tools to take meeting notes, transcribe verbal conversations, and convert them into tasks. It provides cloud-based tools for capturing information, sharing notes, creating bookmarks, and automating meeting flows & follow-ups. It can be integrated with Planner, Zapier, Teams, Jira, and Azure. It is used in the pharmaceutical, MedTech, recruitment, and logistics industries.

Website: islucid.com
Social
Email ID: *****@islucid.com
Phone Number: +370 **********

Key Metrics

Founded Year

2020

Location

Vilnius, Lithuania

Stage

Seed

Total Funding

$400K in 3 rounds

Latest Funding Round

Seed, Jan 13, 2022, $*****

Investors

Startup Wise Guys & 4 more

Ranked

23^rd among 135 active competitors

Employee Count

16 as on Mar 31, 2026

Similar Companies

Fireflies & 168 more

View isLucid's full profile

isLucid has raised a total funding of $400K over 3 rounds. Its first funding round was on Nov 10, 2020. Its latest funding round was a Seed round on Jan 13, 2022 for $*****. 4 investors participated in its latest round. isLucid has 5 institutional investors.

Here is the list of recent funding rounds of isLucid:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 13, 2022	3345431	Seed	1420812	8686239	1527685	8603730
2021	5603	Seed	9563	4958	1006	1100
Nov 10, 2020	9048881	Grant (prize money)	7305488	9810907	8720979	BlockStart

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View details of isLucid's funding rounds and investors

The founders of isLucid are Vytenis Pakenas and Gabija Visockyte. Vytenis Pakenas is the CEO of isLucid.

Here are the details of isLucid's key team members:

Vytenis Pakenas: Co-Founder & CEO of isLucid.
Contact Info: 1 email address
Gabija Visockyte: Co-Founder and COO of isLucid.

View details of isLucid's Founder profiles and Board Members

isLucid's employee count trend

isLucid has 16 employees as of Mar 26. Here is isLucid's employee count trend over the years:

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Top competitors of isLucid include Fireflies, Read AI and Meet Geek. Here is the list of Top 10 competitors of isLucid, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fireflies 2016, Pleasanton (United States), Series A	Provider of a platform automating meeting transcription and summarization	$19M	Khosla Ventures, Canaan & 16 others	76/100
2nd	Read AI 2021, Seattle (United States), Series B	AI-based platform for sentiment analysis	$81M	Smash Capital, Madrona & 15 others	70/100
3rd	Meet Geek 2019, Bucharest (Romania), Series A	Developer of an AI meeting assistant that records and transcribes meetings	$2.56M	Early Game Ventures, Techcelerator & 2 others	62/100
4th	Recall.ai 2020, San Francisco (United States), Series B	Cloud-based meeting bot assistant for enterprises	$50.7M	Ridge Ventures, Bessemer Venture Partners ... & 23 others	56/100
5th	Voicea 2016, Menlo Park (United States), Acquired	Provider of an AI-based meeting and agenda management platform	$27.5M	Headline, Salesforce Ventures & 15 others	50/100
6th	Lace 2017, Mountain View (United States), Seed	AI-powered sales call recording platform	$19M	Canvas Ventures, Bek Ventures & 5 others	50/100
7th	SmarTek21 2006, Kirkland (United States), Unfunded	Provider of custom software product engineering, data, and application managed services	-	-	49/100
8th	Quill Notes San Francisco (United States), Seed	Provider of AI powered meeting transcription and workflow automation	$6.5M	Basis Set Ventures, AME Cloud Ventures & 3 others	47/100
9th	Meeting.ai 2022, Jakarta (Indonesia), Unfunded	Provider of automated meeting notes and summaries	-	-	46/100
10th	Cal.com 2021, San Francisco (United States), Series A	Provider of an open-source and cloud-based scheduling platform	$32.4M	Seven Seven Six, OSS Capital & 26 others	46/100
23rd	isLucid 2020, Vilnius (Lithuania), Seed	AI-based platform for meeting assistant	$400K	Startup Wise Guys, LitBAN & 3 others	35/100