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European Innovation Council

Stories: Cutting-edge cloud storage EIC company Cubbit raised €7 million

Cubbit, the first European provider of distributed cloud storage, has closed a €7 million funding round, comprising €3.5 million in equity, €2.4 million in convertible notes and €1.1 million in debt. 

The Cubbit innovation guarantees privacy by design maximum security from cyber-attacks and minimum environmental impact.
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The Italian Deeptech startup, funded by the EIC, provides a 100% private, secure and green cloud storage solution, crowdsourcing computing resources via a p2p network to build their distributed architecture.

Check the project in the EIC datahub.

Read more on the EIC Community platform.