Lucidity Raises $21 Million Series A to Optimize Multi-Cloud Storage for Enterprises
NEW YORK – February 11, 2025
Lucidity, the multi-cloud storage management platform, today announced a $21 million Series A investment. The round was led by WestBridge Capital, with participation from existing investor Alpha Wave.
Lucidity’s platform uniquely automates the expansion and shrinking of block storage volumes based on real-time data demands. This technology helps the world’s largest enterprises cut cloud storage costs by up to 70%. By streamlining these operations, Lucidity enables IT and DevOps teams to reclaim hundreds of hours that would otherwise be spent manually adjusting storage.
Key Highlights of Lucidity's Platform:
- It fundamentally transforms how enterprises manage their cloud storage infrastructure across AWS, Azure, and Google Cloud.
- The platform automates the expansion and shrinking of block storage volumes based on real-time data demands.
- Companies can achieve up to 70% savings on storage costs by eliminating overprovisioning.
- It seamlessly integrates with applications deployed on major cloud platforms without requiring any code changes.
Rishit Desai, Partner at WestBridge Capital, noted that the platform increases storage efficiency and significantly reduces costs for customers of all sizes.
With this new funding, Lucidity plans to expand its go-to-market team and continue innovating its platform to solve key storage management problems for enterprises worldwide.
About Lucidity
Founded in 2021 by Nitin Bhadauria and Vatsal Rastogi, Lucidity transforms cloud storage management from a reactive chore into a proactive, strategic advantage. Compatible with AWS, Azure, and Google Cloud, the platform empowers IT and DevOps teams to slash costs, prevent downtime, and streamline operations.
