The start of storage optimization in the cloud Lucienda brings USD 21 million

Lucididge.cloud ltd.Indian startup that helps automate multicloud memory management today raised $ 21 million in the financing round at an early stage, after rapid development over the past yr.

Today’s round A round was led by Westbridge Capital and recorded the participation of the existing Alpha Wave investor. This gives total startup funds as much as $ 31 million, since it earlier collected $ 10 million through several seed investments.

The startup, which he likes to be called Lyczno, was founded in 2021 by Nitin Bhadauria (in the photo, on the right) and Vatsal Rastogi (on the left). It sells the “Noops” or “lack of operation” platform, which automates the extension and contraction of block volumes in real time, ensuring that corporations at all times have enough space for his or her data. It is believed that by helping to scale back excessive results, it could possibly save corporations as much as 70% on cloud storage costs.

The platform works with the important cloud infrastructure services, similar to Amazon Web Services, Microsoft Azure and Google Cloud, and will be integrated with any application implemented on these platforms with none code. It can save time teams, which can otherwise spend manual memory adjustment, releasing them to perform work with a better impact.

According to Bhadauria, the Luci platform consists of two separate services, including Auto-Skaler for storage This dynamically reduces and expands the block warehouse on cloud servers. Companies can implement it as an agent at the top of the server and can robotically start the optimization of the available memory volume in lower than an hour.

As regards Storage auditThis is a free add -on that helps enterprises determine how much cloud storage space will be released and the way much they spend on this memory.

Lucididge claims that it grows well at a time when enterprises migrate more burdens to multi -date environments to enjoy the advantages of scalability, flexibility and lower costs. As a result, the demand for storage optimization is increasing. This is deteriorated by the race for accepting the applications of artificial intelligence, which require huge amounts of data.

Instead of risking the downtime of the application, many organizations simply exist their space for storage in the cloud, in order that they at all times have sufficient capability to cope with demand peaks, however it’s not low-cost. Although it is feasible to optimize servers to scale back the impact of these costs, many teams avoid it for fear of accidental data loss or other problems which will result in downtime.

As a result, organizations waste significant storage amounts which might be never used. According to the Deloitte Touche Ltd. report, some corporations waste as much as 30% of their general expenses in the cloud.

Rishit Desai from Westbridge Capital said there may be an urgent need to scale back general expenses on the clouds, and believes that Lucidity offers exactly what the doctor ordered. “It basically transforms how companies manage and organize cloud storage infrastructure,” he said. “Its unparalleled platform increases storage efficiency and significantly reduces costs for customers of any size.”

Apparently there are numerous enterprises that agree with this assessment should you imagine in the numbers of clarity. The startup claims that last yr it increased by over 400%, from an undisclosed base, adding dozens of Fortune 500 customers to the list of customers.

Looking to the future, Lucididge goals to expand the team on the market to extend revenues and expand into the world storage world to assist enterprises save even more cash on their storage expenses.

Photo: Luści