Alumni News

Lucidity Raises $5.3 Million In Seed Funding

Lucidity, a Cloud storage orchestration platform founded by IIMB Alumnus Nitin Bhadauria, has raised $5.3 million in a Seed fundraising round headed by AlphaWave Investments. Beenext, Blume Ventures, BoldCapital, NuVentures, and Sparrow Capital also participated in the round. The funds raised will be utilised to further the company’s goals for worldwide expansion and to make organisations fully cloud-ready.

Lucidity aims to target Fortune 500 companies globally with its services, especially those in the US market. The Lucidity Autoscaler, which enables automated capacity planning and storage provisioning, is live with a number of Fortune 500 companies, as per company statement.

IIM Bangalore inks MoU with Assam Govt to launch

CM’s Young Professional Programme: Assam CM Dr Himanta Biswa Sarma and IIMB Director Professor Rishikesha T Krishnan say the two-year Certificate programme will help strengthen the formation of human capital in Assam by supporting Public Policy and Central and State schemes in Health and Education.

In an endeavour to encourage private sector talent to participate in the developmental journey of the state, the Government of Assam has signed a Memorandum of Understanding (MoU) with Indian Institute of Management Bangalore (IIMB), to jointly operate the ‘Chief Minister’s Young Professional Programme’ (CMYPP). 

The MoU was signed at the CM’s Office here this afternoon, by Professor Rishikesha T Krishnan, Director, IIM Bangalore, and Mr. Samir Sinha, Principal Secretary, Chief Minister’s Office, Government of Assam.