• Graham Partners-backed Velosity acquired Lucid Labs to add product design, engineering, and prototyping capabilities for medical device customers.
• Deal expands Velosity’s scope from early-stage concept and rapid prototyping through full-scale manufacturing and commercialization.
• Lucid, founded in 2004 in Rogers, Minnesota, employs more than 20 design and development engineers.
• Lucid founder and CEO Tim Hillukka will become Velosity’s chief innovation officer, leading ideation and innovation across the combined business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Graham Partners LLC published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.