Lucidity Raises $21 Mn Funding In Series A Round Led By WestBridge

Lucidity, a multi-cloud storage management platform, has raised $21 million in a Series A funding round led by WestBridge Capital, with participation from existing investor Alpha Wave.

The company will use the new funds to grow its sales team and improve its platform to help businesses manage cloud storage more effectively.

This funding round comes after a follow-on seed investment by Beenext in June 2024, bringing Lucidity’s total funding to $31 million. In 2022, the company raised $5.3 million in a seed round led by Alpha Wave, with support from Beenext, Blume Ventures, BoldCapital, NuVentures, and Sparrow Capital.

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“Lucidity delivers the only platform for ITOps and DevOps organizations to automatically manage and optimize their block storage in real-time across all three major cloud providers while significantly reducing costs. As a result, we’re honored by the ongoing interest we’ve received and the opportunity to work with some of the largest enterprises in the world to empower them to seamlessly manage their cloud storage for the first time,” said, Nitin Bhadauria, co-founder of Lucidity.

“We used to spend countless hours provisioning our cloud block storage. With Lucidity, we were able to not only free up that time by automating our storage management but were able to save significant cost on our annual block storage spend,” said Brian Lupson, director of operations and governance at information management services firm Iron Mountain.

Lucidity serves major global companies and has offices in Boston, Bengaluru, and Abu Dhabi.

About Lucidity 

Founded in 2021 by Vatsal Rastogi and Nitin Bhadauria, Lucidity automatically adjusts block storage size based on data needs, helping businesses cut cloud storage costs by up to 70%.  

Its platform works with major cloud providers like AWS, Microsoft Azure, and Google Cloud, making it easy for IT and DevOps teams to optimize storage.

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