Italian startup Cubbit, the first geo-distributed cloud storage enabler, has closed $12.5 million in funding. The round was co-led by European investors LocalGlobe (which invested in Sirona Technologies and CuspAI) with ETF Partners.
Among the new investors are Verve Ventures (which invested in Limula and Neustark), 2100 Ventures, Hydra (holding of Datalogic), Growth Engine, Eurenergia and Moonstone. Azimut Libera Impresa SGR – Azimut Digitech Fund under the advisory of FNDX, CDP Venture Capital SGR through its 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.
Funds utilisation
With this new funding, the company will grow CAPEX-free in Europe, initially focusing on the DACH, the French-speaking regions and the United Kingdom. It will also further accelerate Cubbit’s technology adoption, which is rapidly growing in Europe with more than 350 business customers.
In addition, the funding will go towards further consolidation of the application ecosystem around Cubbit’s enabling technology to support vertical projects in various industries, including aerospace, defense, cybersecurity, healthcare and public administration
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 the 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.”
What challenge does it tackle?
Over 180 billion terabytes of data are estimated to be produced in 2025, and 75% of this will be created and processed at the edge. This explosive growth raises data orchestration complexity, cyber-attacks, sovereignty risks, and costs. AI and media creation are compounding this out-of-control growth, which is becoming an ever-growing concern when it comes to geopolitical scenarios and the protection of sensitive data.
Cubbit eradicates these challenges by enabling organisations to create their own geo-distributed cloud storage in just minutes.
What does the company do?
Cubbit was founded by Stefano Onofri, Alessandro Cillario, Marco Moschettini, and Alessio Paccoia. It is touted to be the first geo-distributed cloud storage enabler. Its 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.
Its hyper-resilient and cybersecure technology is adopted by over 350 European companies and partners, including HPE, Equinix, and Leonardo, and is serviced by Exclusive Networks.
The company combines a proprietary data orchestration platform, and its deep tech data fragmentation and geo-distribution technology. The result is a sovereign, hyper-resilient, flexible, and highly cost-efficient cloud storage service that protects European data.
“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 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.
What do we think about Cubbit?
This geo-distributed cloud storage technology positions the company for significant growth. With the backing from prominent investors, the company is set to expand rapidly across Europe, focusing on the DACH region, French-speaking areas, and the UK.
Its emphasis on reducing environmental impact and addressing data sovereignty makes it a compelling choice for industries like aerospace, defense, and healthcare. Cubbit is poised to become a leader in sustainable, secure cloud storage solutions, meeting the increasing demand for efficient data management.
