Lucidity, a New York-based multi-cloud storage management platform provider, has raised $21 million in Series A funding.
Investors
The round was led by WestBridge Capital with participation from Alpha Wave, brings Lucidity’s total funding to $31 million.
Founded in 2008, WestBridge Capital is a private equity investment firm headquartered in London, United Kingdom. The firm invests in small-cap buyouts, lower mid-market businesses, business and productivity software, media and information services, and commercial services. It focuses on companies in the United Kingdom, India, and South Asia.
Lucidity Use of Funds
The company plans to expand its go-to-market team and continue innovating the platform.
About Lucidity
Lucidity provides a multi-cloud storage management platform that helps enterprises manage and optimize cloud storage in real-time. Its NoOps technology integrates seamlessly with existing applications and environments, without code changes. Founded in 2021, the company has offices in Boston, Bangalore, and Abu Dhabi. Lucidity's customers include World Market, Dometic, and several Fortune 500 companies.
Funding Details
Company: Lucidity
Raised: $21.0M
Round: Series A
Funding Date: February 2025
Lead Investor: WestBridge Capital
Additional Investor: Alpha Wave
Company Website: https://lucidity.cloud/
Software Category: Cloud Storage Management
Source: https://www.businesswire.com/news/home/20250211156731/en/