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Founded
2021
Headquarters
Bengaluru (India)
Status
Series A
Company Details
Lucidity is an enterprise tech startup based in Bengaluru, Karnataka, India, that is building a cloud storage management platform. It was founded in 2021 by Nitin Singh Bhadauria.
Business Model
Lucidity offers a "NoOps" platform for cloud storage on AWS, GCP, and Azure. Their aim is to simplify cloud management.
Products and Services
Lucidity's platform helps enterprises optimize storage utilization, enhance performance, and reduce costs across major cloud providers. The platform automates storage management. They claim to offer 70% cost savings, 99.999% uptime, and 10X performance.
Mission
Lucidity's mission is to help enterprises around the world achieve the full potential of the cloud. They believe the cloud should be simpler, smarter, and more accessible.
Impact
Lucidity helps enterprises optimize cloud storage, enhance performance, and reduce costs. Their solution automates storage management and removes the possibility of servers running out of disk space.
Key Metrics
Total Equity Funding
$31 million
No. of Funding Rounds
4
Latest Funding Round
$21.0Million, Series A
as of February 12, 2025
Post Money Valuation
$35Million
as of N/A
Funding Multiple
-
as of N/A
Investors
Alpha Wave Global
and 6 moreEmployee Count
102
Similar Companies
Prism Force
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| February 12, 2025 | Series A | $21.0Million | - | - | - | WestBridge Capital, Alpha Wave Global |
| June 12, 2024 | Seed | $5.0Million | - | - | - | Alpha Wave Global, Beenext, WeKan |
| June 14, 2022 | Seed | $5.3Million | $21.6Million | $98.5K | - | Alpha Wave Global, Beenext, Blume Ventures, Bold Capital Partners, NuVentures, Sparrow Capital ,Angel List |
| May 24, 2021 | Seed | $500.0K | $2.5Million | - | - | Beenext, WeKan, Sparrow Capital, Sequoia Capital |