Lucidity snags $21M to help enterprises optimize their cloud storage | TechCrunch
Enterprises often overprovision their cloud data storage to keep a buffer for demand peaks, but that comes at a major cost. And while in-house DevOps teams may optimize servers to reduce the impact of these costs, they usually skip optimizing their storage to avoid any accidental data loss or downtime. This leads to significant cloud storage being wasted or poorly utilized.
A Deloitte report citing public surveys says up to 30% of cloud spending is generally wasted due to pay-as-you-go pricing, ...
Read more at techcrunch.com