Cubbit secures $12.5 million for its geo-distributed cloud storage solution

Cubbit, a pioneering Italian company in the realm of geo-distributed cloud storage solutions, has recently secured $12.5 million in a Series B extension round. This funding round was co-led by prominent European investors including LocalGlobe, ETF Partners, Verve Ventures, 2100 Ventures, and others. Individual investors such as Fabio Fregi, former Italy Country Manager of Google Cloud, and Joe Zadeh, former VP of Product at Airbnb, also participated, underscoring the confidence and support garnered by Cubbit's innovative approach.

Founded against the backdrop of escalating global data generation, Cubbit addresses critical challenges facing businesses today. By 2025, it is projected that an immense 180 billion terabytes of data will be generated worldwide, with a significant portion—75%—processed at the edge. This surge in data production amplifies complexities in data orchestration, heightens cybersecurity risks, and raises concerns about data sovereignty and operational costs. Cubbit's technology emerges as a timely solution, offering organizations the ability to swiftly deploy their own geo-distributed S3 cloud storage infrastructure.

At the heart of Cubbit's offering lies its DS3 Composer, a sophisticated platform leveraging AI-powered data orchestration, deep tech data fragmentation techniques, and advanced geo-distribution technology. This unique combination empowers organizations to establish sovereign, highly resilient, flexible, and cost-efficient cloud storage solutions. Cubbit's commitment to data sovereignty and security is encapsulated in its motto, "Your Cloud. Your Rules. Anywhere," ensuring compliance with stringent European data protection regulations and providing businesses with full control over their data.

One of the standout features of Cubbit's technology is its ability to guarantee stringent data resiliency Service Level Agreements (SLAs) while consuming significantly fewer disk space and IT resources compared to traditional cloud storage models. This not only enhances data security but also contributes to minimizing the environmental impact of cloud operations, aligning with global sustainability initiatives.

The Series B funding round, co-led by LocalGlobe and ETF Partners, marks a significant milestone for Cubbit, enabling the company to accelerate its growth strategy across Europe. Cubbit plans to initially focus on expanding its market presence in the DACH region (Germany, Austria, Switzerland), French-speaking countries, and the United Kingdom. The funding will also support the development of Cubbit's ecosystem of applications tailored around its technology, facilitating vertical projects in industries such as aerospace, defense, cybersecurity, healthcare, and public administration.

Stefano Onofri, Co-CEO and Co-founder of Cubbit, expressed enthusiasm about the funding round, highlighting the company's rapid growth trajectory and successful partnerships with industry giants like Leonardo, HPE, and Equinix. These partnerships underscore Cubbit's capability to meet the diverse needs of enterprise-level clients seeking advanced cloud storage solutions that prioritize security, efficiency, and sustainability.

Patrick Sheehan, Managing Partner and Founder of ETF Partners, emphasized Cubbit's pivotal role in addressing the environmental impact of cloud storage solutions. He praised Cubbit's Composer technology for its innovative approach to reducing energy consumption in data centers, thereby supporting the global effort towards sustainable technology practices.

Ferdinando Sigona, Partner at LocalGlobe, highlighted the exponential growth in data generation driven by AI technologies and underscored the critical need for enhanced data storage solutions capable of managing complexity and reducing operational costs. He emphasized Cubbit's unique position to meet these challenges head-on, offering a scalable, future-proof solution that aligns with evolving data governance requirements and geopolitical dynamics.

Looking forward, Cubbit is poised to lead the charge in empowering businesses worldwide to harness the full potential of their data assets. By leveraging its AI-powered capabilities and strategic investor support, Cubbit aims to set new standards in geo-distributed cloud storage, driving innovation, efficiency, and growth in the digital era while advancing principles of sovereignty, security, and sustainability in global data management infrastructure.