Cloud storage orchestration platform Lucidity raised $5.3 million in seed led by AlphaWave Investments where other marquee names such as Beenext, Blume Ventures, BoldCapital, NuVentures and Sparrow Capital also participated.
Lucidity is an AI-enabled cloud storage software that enables its clients to manage their cloud infrastructure directly in an economical and efficient manner. The funding will be used to fuel the startup's expansion plans and accelerate efforts toward international expansion. The startup intends to spend money on marketing, brand awareness, and scaling up innovation. It enables its customers to automate cloud storage provisioning while reducing human intervention throughout the work-cycle.