Cubbit

To the 6 out of 10 companies still away from the cloud in the EU because they cannot either trust it or afford it, Cubbit’s distributed cloud finally gives the ultimate technology to benefit from cloud-like services without compromising their privacy nor spending huge budgets, while saving 40,000kg of CO2 emissions every year per PB stored. 2 PROBLEMS (details)> #1 Traditional ‘cloud’ (i.e.one centralized web farm serving millions of users) obliges businesses to transfer their entire data to a 3rd party. Centralized cloud shows recurring failure points concerning data security (cfr. OVH data center fire in Strasbourg on 10/Mar/21) and requires huge operating costs that clients are eventually charged for. One of the main cost drivers is the need to cool down the densely-packed servers: web farms around the globe consume annually the same amount of energy used by the entire France and represent the 1st cause of the internet carbon footprint. #2 In 5/10 years' time, are the data of Europe’s companies and institutions still going to be all saved on American- or China-based cloud providers? This is the question of Digital Sovereignty, and the answer is worth billions.

No traditional cloud provider (from local datacenters to aws-like hyperscalers) is currently able to provide at the same time: (i) great performances at the edge, (ii) competitive prices and (iii) privacy-by-design. Cubbit datacenter-less technology can, while saving on average 40,000kg of CO2 per PB stored. More details > #CLOUD STORAGE FOR SMEs AND SOHO (FOCUS UNTIL 2022) Cubbit combines the best advantages of the public cloud sync&share services (fast remote accessibility, offsite backup, easy UX, best sharing features) with the top benefits of on-premises solutions (full data ownership and privacy, competitive price rather than expensive monthly fees). Public cloud cluster of competitors: Dropbox, iCloud, OneDrive, Box, etc. #SUITE OF ENTERPRISE CLOUD SERVICES (LONG-TERM STRATEGY) Cubbit combines the best features of the public cloud (tailored full suite of complementary web services) with the top benefits promised by blockchain-based decentralized projects (full data ownership and privacy, competitive price) with strong competitive advantages in minimizing latency at the edge, and in avoiding the constraints and UX troubles generated by market places of cryptocurrencies. Decentralized emerging competitors: Storj.io, Filecoin, Sia.coin, Blockstack.

We don’t build datacenters. Instead, we crowdsource Gigabytes, CPU and Bandwidth directly from our users by connecting their devices thanks to our p2p software. On this user-based, distributed infrastructure we then build and deliver worldwide the most cost-effective, cybersecure and edge-performing b2b cloud services that generate ARRs, from cloud storage (now active) to hosting to Content Delivery Network in the future. This re-selling operation is very profitable: managing 1TB on our distributed network costs to us just 2€/year, while it can be resold for up to 120€/year. A 60x mark-up effect.

Cubbit’s CPN will target EU companies of 50+ employees which are dealing with an influx of data and have a growing need to manage and store such data in a secure and affordable manner. Cross-industry use-cases include 1st and 2nd level backup, object storage to run apps, migration of File Systems, ensuring Business Continuity and Disaster Recovery policies, Ransomware protection, Sync and Share between employees and customers, as well as Edge and IoT data management. Many companies are still unable to leverage the advantages of the cloud because they either cannot afford it, do not trust systems they have no control over, are legally unable to use them (because of policies and regulations) or are conscious about their environmental impact. In addition to our internal Sales team who has already signed 50+ contracts and prestigious partnerships (e.g. with the CERN in Geneva and with Linkem, a Telco with 1M+ customers) we will rely on sales partners to rapidly acquire enterprise customers around Europe. System integrators and software houses will be targeted to achieve this, as well as small Telcos. We also plan to partner with enterprise software producers (e.g. ERP, VPN providers) in order to offer a more complete suite of services (“one-stop shop” principle) as well as enabling upsell of Cubbit solutions to their existing customer base. We will continue our collaboration with the CERN in Geneva to build a solid use-case as a base for the subsequent penetration of the public organisations market. Note that Gartner has inserted the “distributed cloud” in its top 10 chart of trending technologies for 2021.

ACHIEVED MILESTONES >40,000,000+ files saved > 5,000+ b2b and b2c users in 70 countries >€10M+ raised >€2M in overall revenues generated by pre-selling go2market strategies >1st Italian startup ever invested by Techstars >Gaia-X members (to write the rules for EU’s future cloud) >700,000 lines of code NEXT MILESTONES >deploy S3-compatible Object Storage product >Next round: €15M (by 2023) >serve public organisations too