Announced

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WestBridge Capital led a $21m Series A round in Lucidity.

Synopsis

WestBridge Capital, a private equity firm investing in early and growth stage companies, led a $21m Series A round in Lucidity, an Indian multi-cloud storage management platform, with participation from Alpha Wave. "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. 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," Rishit Desai, WestBridge Capital Partner.

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