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 of 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.
“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.” said Alessandro Cillario, Co-CEO and Co-founder of Cubbit.
Patrick Sheehan, Managing partner and Founder of ETF Partners, said, “We’re witnessing a double-edged sword in the tech revolution: cloud storage is powering unprecedented innovation, but at a steep environmental cost. As data centres use more and more energy, their carbon footprint continues to skyrocket. Cubbit’s Composer technology responds to this immediate challenge. It is a game-changer that reduces cloud storage emissions without slowing progress. It’s not just an incremental improvement; it’s a leap towards sustainable digital infrastructure. We have been very impressed by the vision of the Cubbit team and what they have already achieved and are keen to help them continue to make a profound impact”.
Ferdinando Sigona, Partner of LocalGlobe, said, “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. Cubbit’s cloud storage software elegantly addresses all of these needs, and we’re excited to back Stefano, Alessandro and the whole team as they respond to the intense pull they’re experiencing from the market.”
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.