Clarity takes $21 million and helps businesses optimize cloud storage

Companies often drive cloud data storage overload to maintain a peak buffer of demand, but that costs a lot of money. Additionally, internal DevOps teams may optimize servers to reduce the impact of these costs, but typically optimize storage to avoid accidental data loss or downtime. This can waste a lot of cloud storage or become insufficiently used.

Deloitte Report cites public investigations say In general, up to 30% of cloud spending is wasted due to pay-as-you-go pricing, lack of visibility, excessive adoption, and unplanned costs.

Indian startups Clarity We want to help businesses address this issue by automating storage optimization on the cloud. Essentially, startup software helps expand or shrink block storage volumes based on real-time data demand. The company says the optimization will help businesses reduce cloud costs by up to 70%.

The company raised a $21 million Series A round led by Westbridge Capital to embody the team and develop more products. Existing investor Alpha Wave Global also took part in the round.

What is provided here is an application-independent layer called NOOPS, which integrates into existing apps and environments without the need for code-level changes, and co-founder Nitin Bhadauria (pictured on the right) is exclusive I mentioned it in an interview.

Cloud storage providers like AWS, Azure, and Google Cloud provide basic optimizations, but Bhadauria pointed out that no one would provide a solution to optimize cloud storage. Instead, cloud providers focus on building products, allowing customers to deploy more and more data on the cloud.

That may be one reason why a 4-year-old startup doesn’t see any important competitors in the market.

“Our bigger competitors are actually no one else in this industry,” Badauria told TechCrunch. “Our bigger competitors are current. Our customers aren’t solving this problem right now. They know that, but they believe this is how we manage cloud storage.”

Lucitidity was founded in 2021 by Vatsal Rastogi (pictured on the left) and Bhadauria. Currently, we offer two products: Storage Auto-Scaler and Storage Audit.

Storage Autoscalar dynamically deploys and shrinks block storage on cloud servers. It will be deployed as an agent in the server and will begin the optimization process within an hour of deployment, explained Bhadauria. He refused to reveal details of the technology, saying the company was applying for a patent.

“You can only change buffer changes without direct contact with the data. This feature allows customers to see cost savings without worrying about issues or downtime.” he said.

Storage auditing, on the other hand, is a free tool that allows businesses to decide how much of their cloud storage can be freed and what to spend on.

Lucitidity covers Fortune 2000 companies that have earned more than $1 billion in revenue in the US and Europe. Bhadauria refused to reveal the number of customers’ clarity, but said 70% of customers were in the US and the rest were in Europe. Of these, 20% are on the Fortune 100.

According to Bhadauria, Lucitidity is also intended to provide future object storage optimizations.

This Series A will increase the company’s total funding to approximately $32 million. Startup We raised $5.3 million in seed funds It will be led by Alpha Wave in September 2022.

Bhadauria said half of the fresh funding will help startups expand their teams to the market. The rest is used to strengthen the product.

“We’re launching another product over the next six months,” Bhadauria said, adding a startup plan that will introduce multiple modules over time to optimize cloud storage.

The startup has approximately 100 employees in offices in India, Abu Dhabi, London and the US