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Lucidity snags $21M to help enterprises optimize their cloud storage

Summary by TechCrunch

Lucidity, an Indian startup allowing enterprises to automate expansion and shrinking of their cloud storage, has raised $21 million in a Series A round.

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TechCrunch

Lucidity snags $21M to help enterprises optimize their cloud storage

Lucidity, an Indian startup allowing enterprises to automate expansion and shrinking of their cloud storage, has raised $21 million in a Series A round.

11 days ago·United States

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Verdict

Lucidity raises $21m to enhance cloud storage management

Indian startup Lucidity, a cloud storage management platform that automates block storage optimisation across AWS, Azure, and Google Cloud, raised $21m (Rs1.8bn) in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Alpha Wave, bringing Lucidity’s total funding to $31m. WestBridge Capital partners Rishit Desai said: “The need for cloud storage resources is growing with ongoing advances i…

10 days ago

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Analytics India Magazine

Lucidity Secures $21 Million in Series A Funding Led by WestBridge

Yesterday, Lucidity, a Bengaluru based company that helps businesses manage cloud storage more efficiently, raised $21 million in a Series A funding round led by WestBridge Capital. The funding follows a previous investment from BEENEXT in June 2024, bringing Lucidity’s total funding to $31 million. Lucidity’s platform automates cloud storage management, helping businesses reduce costs by up to 70%. It works across major cloud providers—AWS, Azu…

10 days ago

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analyticsweek.com

Lucidity.cloud: Charting a New Course in Multicloud Storage with $21M Catalyst - AnalyticsWeek | All Things Analytics Leadership News, Blogs, and Magazine

Lucidity.cloud: Charting a New Course in Multicloud Storage with $21M Catalyst In a digital landscape where data fuels innovation and efficiency, the management of cloud storage has become pivotal for businesses striving to enhance their operational efficacy. Enter Lucidity.cloud Ltd., an ambitious Indian startup, making waves with its recent $21 million funding round designed to amplify its pioneering efforts in multicloud storage management. I…

10 days ago

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Entrackr

Lucidity raises $21 Mn in Series A led by WestBridge

Lucidity, a multi-cloud storage management platform, has raised $21 million in a Series A investment led by WestBridge Capital, with participation from existing investor Alpha Wave. The Series A round follows a seed round follow-on investment by BEENEXT in June 2024. Previously, Lucidity had closed a pre-seed round of $500K and a $5.3 million seed round in June 2022. The company has raised a total of $31 million in funding to date. Lucidity plan…

11 days ago

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Techmeme

Bengaluru-based Lucidity, which helps enterprises optimize their cloud storage, raised a $21M Series A led by WestBridge, after a $5.3M seed in September 2022

Jagmeet Singh / TechCrunch: Bengaluru-based Lucidity, which helps enterprises optimize their cloud storage, raised a $21M Series A led by WestBridge, after a $5.3M seed in September 2022 — Enterprises often overprovision their cloud data storage to keep a buffer for demand peaks, but that comes at a major cost.

11 days ago·California, United States

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