Cubbit is the first geo-distributed Cloud storage enabler. In the context of the boom in data creation and the resulting increase in complexity, cyber attacks, sovereignty risks, and costs, Cubbit offers a solution. Its groundbreaking software allows Service Providers and Enterprises to deploy in minutes their own geo-distributed cloud storage networks according to their infrastructure strategy and internal policies, so that they can keep full sovereignty over data, simplify workflows and reduce costs.
LocalGlobe and ETF Partners co-lead the round, along with investments from Verve Ventures, 2100 Venture, Hydra, Growth Engine, Eurenergia, and Moonstone. Additionally, Azimut Digitech Fund, CDP Venture Capital SGR – Fondo Evoluzione, and Primo Ventures are returning investors. Individual investors include Fabio Fregi, former Italy Country Manager of Google Cloud, and Joe Zadeh, former VP Product at Airbnb.
“We are proud to have led another cross-border transaction, with the presence of two international co-lead investors and several other VC players joining a very synergetic captable. This deal underscores our commitment to strengthening our presence in the European VC landscape and demonstrates the strong potential of Cubbit, as well as the exceptional capability of the team in achieving this milestone” comments Lorenzo Triboli, Vice President, Growth Capital.
“Having top-tier international VCs invest in Cubbit’s 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.” said Stefano Onofri, Co-CEO and Co-founder of Cubbit.
The new funding will enable Cubbit to expand its operations across Europe, enhance technology adoption, and support vertical projects in diverse industries, including aerospace, defense, and healthcare.
