As the world continues to grapple with economic uncertainty, one thing is for sure: at Lucidity, we're committed to providing our customers with the tools they need to effectively manage their cloud infrastructure. And in 2022, we took big strides towards achieving that goal.

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Product Accomplishments In 2022

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We're thrilled to have launched our auto-scaler product for both AWS and Azure. This innovative solution allows companies to automate the scale up or scale down of their cloud storage based on their actual requirements resulting in significant cost savings and improved availability and reliability. Not only that, but it also greatly reduces the manual effort required to maintain and manage storage infrastructure, allowing companies to focus on their core business operations.

We're proud to have onboarded large enterprise customers who've all seen the benefits of our product in action. With ROI delivered within just 1 hour of onboarding on our platform, it's clear that our product is meeting a real need in the market.

In addition to auto-scaler, we also launched the Storage Audit tool, which provides valuable insights into the utilization of cloud storage. Through this tool, multiple enterprise companies have been able to identify underutilized and over-utilized disks, and have taken action to optimize their cloud environments. 

The results of the ‘audit’ were astounding. 

On average, disk utilization was found to be in the 15%-30% range, validating our hypothesis that cloud storage for enterprise companies is over-provisioned by as much as 3x or 5x the actual requirement.

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Officially SOC 2 Compliant

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We're pleased to have achieved SOC 2 compliance in 2022, demonstrating our dedication to maintaining the highest standards of security and privacy for our customers' data. This certification ensures that our controls and procedures meet industry standards for data protection. 

Being SOC 2 compliant gives our customers peace of mind that their data is safe and secure when using our platform.

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Sneak peek into 2023

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As we look ahead to the new year, we’re excited to announce a few key developments for our platform. We're working on adding multi-partition support, thus enabling our customers to onboard multiple partitions per instance. This will give them even more flexibility and control over their cloud storage. We're also focusing on improving our Dashboard, making it more powerful and intuitive for our customers to use. We will make the Storage Audit tool more self-serve. This will be beneficial for customers as they look to gain more insights about their cloud environments. 

Additionally, we're dedicated to ensuring compliance with the latest industry standards, including GDPR. Lastly, we'll be expanding our support for different Linux flavors, providing even more options for our customers. Stay tuned for more updates as we continue to innovate and improve our cloud management solutions. 

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In Parting 

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As we reflect on the past year, we're proud of the progress we've made in developing innovative solutions for cloud management. We've seen our customers achieve significant cost savings and improved efficiency through our auto-scaler product. It’s truly been an amazing journey. 

We can't express enough gratitude to our partners, investors and employees who have been by our side every step of the way. It is because of their unwavering support and belief in our mission, that we have been able to achieve these milestones. We couldn’t have done it without them. And we are so excited to see what we can accomplish together in 2023!

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