Cubbit secures $12.5m investment into European cloud storage independence

Italian startup aims to empower organisations with sovereign, cost-effective data management amid surging information growth

Italian cloud solutions provider Cubbit has secured $12.5m in funding to "revolutionise" cloud storage in Europe.

The round was co-led by LocalGlobe and ETF Partners.

With over 350 business customers already on board, the vendor plans to use the new funding to expand across Europe, focusing initially on the DACH region, French-speaking countries, and the United Kingdom.

Cubbit said it will also work on consolidating its application ecosystem to support vertical projects in industries such as aerospace, defence, cybersecurity, healthcare, and public administration.

Stefano Onofri, co-CEO and co-founder of Cubbit, expressed enthusiasm about the investment: "Having top-tier international VCs invest in our geo-distributed technology is a major endorsement.

"Over the past few years, we have grown massively and closed key partnerships and agreements with international players such as Leonardo, HPE, and Equinix - now it's time to take our expansion to the next level."

Cubbit's approach, dubbed "Your Cloud. Your Rules. Anywhere," addresses the growth in data creation, which is expected to reach 180 billion terabytes by 2025.

The company says its DS3 Composer technology allows organisations to create their own geo-distributed S3 cloud storage in minutes, promising cost savings of up to 80 per cent while ensuring data sovereignty.

Alessandro Cillario, co-CEO and co-founder of Cubbit, explained the company's mission: "Enterprises worldwide are facing the daunting challenge of orchestrating massive amounts of data; or they will soon.

"They don't need just another cloud provider; they require a cloud enabler that allows them to implement the custom IT infrastructure strategy that they are looking for.

"Organisations need to keep full control over their data in order to simplify their workflows and reduce costs.

"Cubbit is here to help them achieve what was not possible before."

The technology also boasts significant environmental benefits, according to Patrick Sheehan, managing partner and founder of ETF Partners.

"We're witnessing a double-edged sword in the tech revolution: cloud storage is powering unprecedented innovation, but at a steep environmental cost.

"As datacentres use more and more energy, their carbon footprint continues to skyrocket.

"Cubbit's Composer technology responds to this immediate challenge. It's not just an incremental improvement; it's a leap towards sustainable digital infrastructure."

Finally, Ferdinando Sigona, partner of LocalGlobe, emphasised the timeliness of Cubbit's solution: "Data generation is already one of today's steepest exponential curves, and the generative AI wave is only poised to accelerate this further.

"As a result, companies of all types and sizes are facing escalating complexity and cost. At the same time, the geopolitical environment is driving investment into AI sovereignty, and we actually think that need for control will extend down the stack, all the way to data storage."