Cubbit
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Cubbit UpdatesFirst investment
July 2024HQ
Bologna, ItalyCubbit is the first geo-distributed cloud storage enabler which empowers customers to have full sovereignty over their data, whilst also lowering energy usage and cost.
In 2025, over 180 billion terabytes of data will be produced, with AI and media creation driving this growth. This surge raises concerns about energy use, geopolitical scenarios, and data protection. Cubbit addresses these issues by distributing encrypted data across global nodes, ensuring high security and resilience.
What value does ETF Partners' investment and hands-on involvement bring?
Our company is experiencing rapid growth with plans for even faster expansion. ETF Partners’ deep experience makes them an invaluable sounding board for this acceleration. Their extensive knowledge in company building and internationalisation has already been critical to the next stage of our growth.
On top of this, we find that their friendly and constructive approach has facilitated open discussions about the real challenges we face in realising our ambitious goals. We believe many growing companies encounter similar issues, and ETF Partners’ support has been crucial in addressing them.
It’s all about people, after all, and ETF surely has the right people to help Cubbit scale.
Every year we produce billions of Terabytes of new files that we then need to save and protect. Millions of IT Managers in the world are frustrated because they have lost control over data, infrastructure and costs. Let's give them the solution they were waiting for. A solution whose ROI is 10x better and also improves the carbon footprint of the cloud by 25% or more. With Cubbit you compose your own cloud in a few minutes, and then benefit for the years to come.Stefano Onofri Co-CEO & Co-founder