Streaming object cloud storage startup LucidLink nabs $12M

Jakson25828 Feb, 2022Technology

Recent figures tout the cloud storage industry increasing some 2.75 times over in the next 5 years from $50 billion to $137.3 billion by 2025. Storing data on the cloud is not just a necessity - is becoming a way of life. Streaming object storage isn?t a novel idea. For example, Amazon offers AWS (Amazon Web Services) Streaming Data Solution for Amazon Kinesis, which automatically configures AWS services to capture, store, process, and deliver streaming data. But LucidLink claims its performance is industry-leading, thanks to ?data prefetching? based on ?proprietary, adaptive? algorithms, parallel streams, caching, and compression. Frequently accessed data is cached locally when accessing volumes.