2025 Inc. 5000 List: Lucid Reality Labs Ranks 566 of 5000
The 2025 Inc. 5000 list by Inc. Magazine has been revealed, and Lucid Reality Labs is ranked No. 566 overall and No. 27 in IT Services — among the fastest-growing privately held companies in the United States.
Inclusion in the 2025 Inc. 5000 list is an achievement that places the company in the top 0.015 % of all U.S. private businesses, based on financial performance from 2021 to 2024. This recognition is backed by performance metrics: sustained revenue growth, expanding market share, and proven scalability across industries. It reflects Lucid Reality Labs’ disciplined execution and commitment to long-term returns by combining deep industry expertise with emerging technologies like XR and AI. It also serves as a commercial seal of trust, empowering clients across healthcare, enterprise, and entertainment sectors with transformative solutions.
2025 Inc. 5000: What It Means To The Team
“This recognition by 2025 Inc. 5000 is the result of our team’s relentless focus on excellence, quality, and measurable outcomes. Our clients and partners trust us to deliver solutions that not only meet their needs but drive their growth — and that’s what defines Lucid Reality Labs,” said Alex Dzyuba, Founder & CEO.
“Our growth is rooted in a results-driven approach, delivering scalable AI + XR solutions that solve complex challenges for our clients. Success for us means enabling their achievement,” added Lynn Welch, Chief Growth Officer, about 2025 Inc. 5000.
Previous Inc. 5000 honorees include industry leaders such as Microsoft, Meta, and Patagonia — highlighting the caliber of innovation and commercial success represented in this ranking. Lucid Reality Labs is proud to stand alongside these companies, demonstrating its ability to deliver impactful, results-driven solutions that drive long-term growth, client satisfaction, and market trust.
For the full 2025 Inc. 5000 list, please visit: www.inc.com/inc5000.
About Inc. 5000
The Inc. 5000 is the most comprehensive ranking of the fastest-growing private companies in the U.S., providing a data-driven snapshot of innovation, entrepreneurship, and financial performance. To compete for this prestigious recognition, Companies must meet rigorous criteria, including being U.S.-based, privately held, independent, and profitable, with proven revenue thresholds between 2021 and 2024. “Since then, some companies on the list may have gone public or been acquired. Companies must have been founded and generating revenue by March 31, 2021. The minimum revenue requirement is $100,000 for 2021 and $2 million for 2024. All honorees must pass Inc.’s editorial review,” says Inc.’s website. For more information, visit www.inc.com.
Read more: Lucid Reality Labs Triumphs at AWE 2025 with Double Auggie Win and Universal Theme-Park Showcase
About Lucid Reality Labs
Lucid Reality Labs is a visionary XR and AI development company that crafts complex immersive solutions through spatial technology – from concept & design to development & support, with a strategic focus on Healthcare, Life Science, Education & Training, and many more. We equip industries with the boundless potential of immersive technology. Committed to disrupting global challenges with responsible technology, we deliver impactful solutions that elevate industries through immersive capabilities. Check the award-winning use cases created by Lucid Reality Labs here.
Lucid Reality Labs continues to deliver impactful, scalable solutions, including the Medical AI Agent for clinical training, Burn Zone: California Wildfires for climate awareness, Lifeguard VR for the American Red Cross (training over 300,000 professionals annually), and Doxy.me VR Therapy, expanding mental health services access offered by 1M practitioners and many more, focusing on mission-driven results.
The company’s projects have earned global recognition from The Webby Awards, Auggie Awards, Telly Awards, Anthem Awards, and Edison Awards, reaffirming Lucid Reality Labs’ position as a leader in innovation and excellence.
Real also: The Webby Awards Winner: Medical AI Agent by Lucid Reality Labs named the Best Technical Achievement