About Lucidity
Lucidity is a company based in Bengaluru (India) founded in 2021 by Vatsal Rastogi and Nitin Singh Bhadauria. It operates as a SaaS (Software-as-a-Service). Lucidity has raised $31.79 million across 4 funding rounds from investors including Angel List, WestBridge Capital and Alpha Wave Global. The company has 30 employees as of April 01, 2024. Lucidity offers products and services including Lucidity AutoScaler, Lucidity Assessment, and Lucidity Lumen. Lucidity operates in a competitive market with competitors including Panzura, Qumulo, Wasabi, XebiaLabs and Hitachi Vantara, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 01 Apr, 2024
- Founders Vatsal Rastogi, Nitin Singh Bhadauria
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Manazed Technologies Private Limited
- Date of Incorporation 11 Mar, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$26.52 K (USD)73431.57as on Mar 31, 2023
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Net Profit
$-736.37 K (USD)-1925.27as on Mar 31, 2023
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EBITDA
$-633.44 K (USD)-4603.86as on Mar 31, 2023
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Total Equity Funding
$31.79 M (USD)
in 4 rounds
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Latest Funding Round
$21 M (USD), Series A
Feb 12, 2025
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Investors
Angel List
& 22 more
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Employee Count
30
as on Apr 01, 2024
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Products & Services of Lucidity
Lucidity offers a comprehensive portfolio of products and services, including Lucidity AutoScaler, Lucidity Assessment, and Lucidity Lumen. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Block storage is resized dynamically across cloud providers.
Storage utilization is assessed to identify potential savings.
Disk tiering is automated with data-driven single-click solutions.
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Funding Insights of Lucidity
Lucidity has successfully raised a total of $31.79M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $21.0M
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First Round
First Round
(24 May 2021)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series A - Lucidity | Valuation | WestBridge Capital | |
| Jun, 2024 | Amount | Seed - Lucidity | Valuation | Alpha Wave Global | |
| Jun, 2022 | Amount | Seed - Lucidity | Valuation | Alpha Wave Global |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lucidity
Lucidity has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, WestBridge Capital and Alpha Wave Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lucidity
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lucidity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lucidity Comparisons
Competitors of Lucidity
Lucidity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Panzura, Qumulo, Wasabi, XebiaLabs and Hitachi Vantara, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based network attached storage is provided for global file management.
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| domain | founded_year | HQ Location |
Enterprise cloud storage management software is provided for various workloads.
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| domain | founded_year | HQ Location |
Scalable cloud storage solutions are provided for business data management.
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| domain | founded_year | HQ Location |
Provider of cloud automation and management platform
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| domain | founded_year | HQ Location |
Cloud-based data management solutions for analytical processing are provided.
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| domain | founded_year | HQ Location |
Decentralized cloud storage platform is provided with smart contract security.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lucidity
Frequently Asked Questions about Lucidity
When was Lucidity founded?
Lucidity was founded in 2021.
Where is Lucidity located?
Lucidity is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Lucidity a funded company?
Lucidity is a funded company, having raised a total of $31.79M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.3M, raised on May 24, 2021.
How many employees does Lucidity have?
As of Apr 01, 2024, the latest employee count at Lucidity is 30.
What is the annual revenue of Lucidity?
Annual revenue of Lucidity is $26.52K as on Mar 31, 2023.
What does Lucidity do?
Cloud block storage is managed across AWS, Azure, and Google Cloud by Lucidity. Storage costs are reduced by up to 70 through dynamic resizing. Solutions are provided for automatic provisioning and rightsizing of storage volumes. Downtime is prevented with zero code changes required. Sectors served include multi-cloud environments for enterprises seeking storage efficiency.
Who are the top competitors of Lucidity?
Lucidity's top competitors include Qumulo, Hitachi Vantara and Wasabi.
What products or services does Lucidity offer?
Lucidity offers Lucidity AutoScaler, Lucidity Assessment, and Lucidity Lumen.
Who are Lucidity's investors?
Lucidity has 23 investors. Key investors include Angel List, WestBridge Capital, Alpha Wave Global, Beenext, and Blume Ventures.
What is Lucidity's valuation?
The valuation of Lucidity is $34.96M as of Jun 2024.
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