Multi-cloud storage management platform Lucidity announced a $21 million Series A investment led by WestBridge Capital with participation from existing investor Alpha Wave. With the most recent funding round, Lucidity plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises worldwide.
Lucidity’s cloud storage management platform uniquely automates block storage expansion and shrinking storage volumes based on real-time data demands, helping the world’s largest enterprises cut costs by up to 70%. And its NoOps, autonomous, application-agnostic layer seamlessly integrates with existing applications and environments without requiring a line of code to be changed. By streamlining operations, Lucidity enables IT and DevOps organizations to reclaim hundreds of hours, allowing teams to focus on higher-impact initiatives that drive innovation and efficiency.
Since its founding in 2021, Lucidity has achieved 400% year-over-year growth, driven by industry-first innovations that automate and optimize cloud block storage utilization. Enterprises such as World Market, Dometic, and global Fortune 500 companies, including one of the world’s largest airlines and a leading credit ratings firm, have leveraged Lucidity’s unique technology to improve cloud storage utilization and significantly reduce cloud spending.
KEY QUOTES:
“The need for cloud storage resources is growing with ongoing advances in AI and a simultaneous need to reduce overall cloud spend. Lucidity fundamentally transforms how enterprises manage and orchestrate their cloud storage infrastructure across AWS, Azure, and Google Cloud. Lucidity’s unparalleled platform increases storage efficiency and significantly reduces costs for customers of all sizes. We are thrilled to back Nitin, Vatsal, and the Lucidity team in this next chapter of growth.”
- Rishit Desai, Partner at WestBridge Capital
“Many enterprises struggle with properly managing their cloud storage, as it’s a challenging area to solve that hasn’t received proper attention until now. 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.”
- Nitin Bhadauria, Cofounder at Lucidity
“Lucidity has been a fantastic partner for Iron Mountain. 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. We’re excited about working with Lucidity to further optimize and manage our storage as we continue to grow.”
- Brian Lupson, Director of Operations & Governance at Iron Mountain
“Lucidity removes the possibility of our servers running out of disk space as it manages disk space expansion when needed. The daily operational lift of managing disk space has moved off of our support to Lucidity.”
- Ram Kesavan, Sr. Director of Engineering at World Market
“The adoption of cloud continues to accelerate yet cloud storage is often an afterthought and can be difficult to right size. Lucidity is a game-changer in cloud storage management, helping enterprises optimize storage utilization, enhance performance, and significantly reduce costs across all three major cloud providers. Lucidity’s solution is innovative, and we are excited to partner with their team to empower our customers to maximize their cloud investments.”
- Dan O’Brien, Chief Solutions Officer at Presidio
