Lucidity, a no-ops autoscale solution for cloud storage, successfully raised $21 million in a Series A funding round led by WestBridge Capital, highlighting strong investor confidence in the startup's potential within the rapidly growing cloud storage industry.

Target Information

Lucidity, co-founded by Vatsal Rastogi and Nitin Bhadauria, specializes in creating a no-operations autoscale solution for cloud storage. With backgrounds stemming from humble beginnings in Uttar Pradesh, the founders bring years of resilience and innovative thinking to their venture. Their shared passion for entrepreneurship led them to identify a significant market gap in cloud storage management, ultimately giving birth to Lucidity. The platform allows organizations to efficiently manage their cloud storage needs without manual intervention, promising doubled performance with no code changes and potential cost savings of up to 70%.

Industry Overview

The cloud storage industry in India has experienced rapid growth, mirroring global trends. As businesses increasingly migrate to digital platforms, the demand for efficient cloud solutions has surged, with organizations seeking ways to optimize storage costs and operational efficiency. However, many Indian companies still face challenges in navigating this complex landscape, particularly when it comes to cross-border operations.

Recent RBI regulations, along with changing consumer habits, are driving innovation within the Indian cloud storage market. This has opened doors for startups like Lucidity, which leverage cutting-edge tech