Today, we announce our investment in Cubbit alongside LocalGlobe and ETF Partners. With the exponential growth of data availability, so came what we see as the three (daunting) Cs of Data Storage: Cost, Control and Complexity. Cubbit wants to break this paradigm by offering a geo-distributed cloud storage composer that allows companies to build their own S3 cloud storage. Infrastructure-agnostic, policy-resilient, and data-sovereign. Congrats to Stefano, Alessandro and Marco! Couldn’t be more excited to be able to support them in their global ambitions (out of Bologna 💖). Read more here: https://lnkd.in/dhMmm8mh Tech.eu coverage: https://lnkd.in/ewxzT5r6
breaking news: Cubbit closes a $12.5M Round co-led by LocalGlobe and ETF Partners! 🚀 What a pride to have top-tier international VCs invest in Cubbit as we bring data independence at organizations' fingertips. 350+ B2B customers are already using Cubbit and it's time to get to the next level, in Europe - and beyond. Billions of Terabytes are out there to be managed and protected, making it a nightmare for IT Managers who have lost control on data, infrastructure and costs. The 1st geo-distributed cloud storage Enabler is here to help. This is why LocalGlobe and ETF Partners have co-led this ambitious round, joined by Verve Ventures, 2100 Ventures and returning investors Azimut Libera Impresa (advised by FNDX VC), Primo Ventures and CDP Venture Capital SGR. Great to welcome onboard also Growth Engine, Moonstone Venture Capital, Fabio Fregi (ex Google Cloud Italy Country Manager) and Joe Zadeh. Thanks to Growth Capital for advising the operation, and to Francesco Pezcoller. Your Cloud. Your Rules. Anywhere! 🚀 https://lnkd.in/gAd7d8c5