Multi-cloud storage management platform Lucidity raises $21 million in a Series A round

Lucidity, which claims to be the world’s only 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 startup plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises around the world.

What does Lucidity do? 

Founded in 2021, Lucidity’s cloud storage management platform automates block storage expansion and shrinking of storage volumes based on real-time data demands, helping the world’s largest enterprises cut costs by up to 70%. 

The startup's NoOps, autonomous, application-agnostic layer seamlessly integrates with existing applications and environments—without requiring a single line of code to be changed.

By streamlining operations, it enables IT and DevOps organisations to reclaim hundreds of hours, allowing teams to focus on higher-impact initiatives that drive innovation and efficiency.

“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,” Nitin Bhadauria, Cofounder at Lucidity said.

“Lucidity delivers the only platform for ITOps and DevOps organisations 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.”

Lucidity’s market presence

Lucidity claims to have achieved 400% year-over-year growth, driven by industry-first innovations that automate and optimize cloud block storage utilization.

Some of its notable clients are World Market, Dometic, and global Fortune 500 companies.

“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,” Rishit Desai, Partner at WestBridge Capital, explained.

“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.”