Lucidity: Cloud storage solutions startup Lucidity raises $21 million from WestBridge Capital, others

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Multi-cloud storage management platform Lucidity has raised $21 million in a Series A funding round, led by WestBridge Capital, with participation from existing investor Alpha Wave.

The Bengaluru-based company plans to use the new funds to expand its go-to-market team and further develop its platform to tackle the cloud storage management challenges faced by enterprises worldwide.

“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,” said…



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Lucidity: Cloud storage solutions startup Lucidity raises $21 million from WestBridge Capital, others


Multi-cloud storage management platform Lucidity has raised $21 million in a Series A funding round, led by WestBridge Capital, with participation from existing investor Alpha Wave.

The Bengaluru-based company plans to use the new funds to expand its go-to-market team and further develop its platform to tackle the cloud storage management challenges faced by enterprises worldwide.

“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,” said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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