Lucidity has pioneered autonomous cloud block storage autoscaling technology, resulting in highly optimized storage utilization
Lucidity, the world’s only multi-cloud storage management platform, has secured a $21 million Series A funding round led by WestBridge Capital, with continued support from existing investor Alpha Wave.
Lucidity’s pioneering cloud storage management platform automates block storage expansion and volume reduction in real-time, enabling enterprises to cut cloud storage costs by up to 70%. The NoOps, autonomous, and application-agnostic solution seamlessly integrates with existing applications and environments, eliminating the need for code modifications. By simplifying storage management, Lucidity allows IT and DevOps teams to reclaim valuable time and focus on strategic initiatives that drive innovation and operational efficiency.
Since its inception in 2021, Lucidity has experienced remarkable growth, achieving a 400% year-over-year increase in adoption. The company’s industry-first innovations have empowered enterprises to automate and optimize cloud block storage, reducing costs and improving resource utilization. Organizations such as World Market, Dometic, and Fortune 500 companies—including a major global airline and a top credit ratings firm—have leveraged Lucidity’s technology to enhance cloud storage efficiency and optimize spending.
“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.”
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“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 has been a fantastic partner for Iron Mountain,” said Brian Lupson, Director of Operations & Governance at 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.”
Ram Kesavan, Sr. Director of Engineering at World Market, adds, “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.”
With this latest funding, Lucidity plans to scale its go-to-market team and accelerate platform innovation, addressing key cloud storage management challenges for enterprises worldwide.
“The adoption of cloud continues to accelerate yet cloud storage is often an afterthought and can be difficult to right size,” said Dan O’Brien, Chief Solutions Officer at Presidio. “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.”