With $21M in Fresh Funding, Lucidity Aims to Eliminate Cloud Storage Waste

• Lucidity’s $21M Series A, led by WestBridge Capital with participation from Alpha Wave Global, will support the expansion of its cloud storage optimization solution.
• The startup’s NoOps approach requires no code changes and automatically adjusts storage volumes based on real-time demands.
• Lucidity targets Fortune 2000 companies in the U.S. and Europe and plans to launch a new product and additional optimization modules.

Lucidity, an Indian startup focused on cloud storage optimization, has secured $21 million in Series A funding led by WestBridge Capital, with participation from existing investor Alpha Wave Global.

The investment will support product development, market expansion, go-to-market team expansion, and enhanced product capabilities. It brings Lucidity’s total investment to $32 million.

Founded in 2021 by Vatsal Rastogi and Nitin Bhadauria, Lucidity addresses cloud storage overprovisioning in enterprise environments.

According to a Deloitte report, up to 30% of cloud spending is typically wasted due to pay-as-you-go pricing and lack of visibility.

Lucidity’s flagship product, Storage Auto-Scaler, optimizes cloud storage usage. Its application-agnostic NoOps layer integrates with existing environments without requiring code-level changes.

Storage Auto-Scaler dynamically adjusts block storage volumes according to real-time data demands. The solution promises up to 70% cost savings for enterprises without risking data loss or downtime.