PE Fund Investments
Cloud storage mgmt enabler Lucidity raises $21-M from WestBridge Capital, Alpha Wave
Bengaluru-based multi-cloud storage management platform Lucidity has raised USD 21 million in a Series A funding round, led by WestBridge Capital, with participation from existing investor Alpha Wave. The company plans to use the new funds to expand its go-to-market team and further develop its platform to tackle cloud storage management challenges faced by enterprises worldwide.Founded in 2021 by Nitin Bhadauria and Vatsal Rastogi, Lucidity automates the real-time expansion and shrinking of block storage volumes based on data demands. This investment comes after a follow-on seed round by Beenext in June 2024, bringing Lucidity’s total funding to USD 31 million.
In Sep 2022, Lucidity had raised about USD 5 M from Alpha Wave Global, Beenext, Blume Ventures, Boldcap Ventures and Sparrow Capital.
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