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Cloud storage optimization startup Lucidity raises $21M

  • Indian startup Lucidity.cloud has raised $21 million in a Series A funding round.
  • The funding was led by WestBridge Capital and participated by existing investor Alpha Wave.
  • Lucidity offers a platform that automates multi-cloud storage management, reducing overprovisioning and saving up to 70% on storage costs.
  • The startup plans to expand its go-to-market team and venture into object-based storage to help enterprises further reduce storage spending.

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