Fundraising Fox

Cubbit

Techstars '18

Bologna, IT Β· Founded 2021 Β· 62 employees on LinkedIn Β· 16 known investors

Cubbit provides distributed cloud storage infrastructure that combines on-premises and cloud technologies to give companies data sovereignty and cost control. The platform serves organizations needing flexible, multi-cloud data management with geographic distribution and industry-specific customization.

Also known as Cubbit S.r.l.

Investors Β· 16

Also in the syndicate Β· 8

Azimut Libera Impresa SGR – Azimut Digitech FundCDP Venture Capital SGR (Fondo Evoluzione)EurenergiaFabio FregiHydra (holding of Datalogic)Joe ZadehLocalGlobeleadMoonstone

Funding

SEC filings, press & company announcements

$12.5M disclosed across 1 round Β· 2024

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Cubbit develops geo-distributed cloud object storage software that encrypts, fragments and replicates data across multiple locations chosen by the customer. Its technology is S3-compatible and is offered in two forms: DS3 Cloud, a managed object storage service hosted in certified data centres operated by Cubbit's partners, and DS3 Composer, self-hosted, software-defined object storage that customers deploy on their own hardware. The company positions the approach as combining on-premises and cloud storage models so that organisations retain sovereignty and control over data, infrastructure and costs, without vendor lock-in.

The company markets claims of up to 80% storage cost reduction versus hyperscalers, compliance with GDPR and ISO 27001, embedded multi-region resilience, ransomware and disaster resilience, and operation with 25-50% less disk space and IT resources than traditional cloud storage, which it links to a lower carbon footprint and extended hardware lifespan. Stated use cases span backup, archiving, AI data lakes and Kubernetes storage. Earlier in its history the company operated a consumer-oriented distributed storage product, Cubbit Cells, based on a peer-to-peer network of user-hosted devices, followed by a business service, Cubbit for Teams, before shifting to its current enterprise and service-provider software focus.

Founding story

Founded by four university students β€” Alessandro Cillario, Marco Moschettini, Stefano Onofri and Lorenzo Posani β€” around the question of whether the internet's data ownership model should return control to users. Company accounts describe starting the project from a rented apartment rather than a garage, bootstrapping initial costs.

Business model

Cubbit sells storage technology to enterprises and to service providers, either as ready-to-use object storage hosted in partner data centres (DS3 Cloud) or as self-hosted software (DS3 Composer). The service-provider motion includes multi-tenant control from distributor to end user, tiered incentives, co-marketing and a white-label option.

Storage services and software licensing sold to enterprises and, through a partner/channel programme, to service providers and distributors that resell S3 storage services.

Traction

More than 350 business customers at the time of the July 2024 funding announcement, with the about page later citing over 400 organisations served and a team of 60+ people. Reported partnerships and agreements with Leonardo, HPE, Equinix, Exclusive Networks, Rai Way and WIIT AG. Earlier metrics include 80M+ user files protected and 100+ companies in its Next Generation Cloud Pioneers network. The website cites a 4.8 average rating on Gartner Peer Insights for reviews submitted in the preceding 12 months as of 4 December 2025.

Latest developments

The company's about page states it has raised $25M in total, grown to 60+ people and serves over 400 organisations, and that it was recognised by the European Commission as one of the top 30 EU deep tech scaleups. Co-CEOs Cillario and Onofri co-founded The Bologna Gathering, an invitation-only event that in 2026 drew more than 500 founders, investors, corporates and innovation leaders, with over sixteen major corporates participating.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Describes itself as the first geo-distributed cloud storage enabler and as 100% European object storage software; a Gaia-X partner and named by the European Commission among the top 30 EU deep tech scaleups. Positioned as an alternative to hyperscaler object storage on cost, sovereignty and environmental footprint.

Customer-chosen placement of encrypted data fragments across multiple geographies (rather than storage in a provider's own centralised data centres), delivered both as a managed service and as self-hosted software, with S3 compatibility, no vendor lock-in and lower storage overhead than conventional replication.

Technology

Proprietary data orchestration platform with data fragmentation and geo-distribution: files are encrypted, split into redundant chunks and spread across multiple locations, delivering resiliency SLAs while using 25-50% less disk space and IT resources than traditional cloud storage. The service exposes a fully S3-compatible object storage interface with embedded multi-region support. In its earlier consumer generation, the system used AES-256 encryption at upload with zero-knowledge principles and distributed chunks across a peer-to-peer network of user devices, removing the need for proprietary data centres.

Go-to-market

Direct enterprise sales combined with a partner and channel strategy: international partnerships with HPE, Equinix and distributor Exclusive Networks, service-provider partners such as WIIT AG in the DACH region, and infrastructure partners including Rai Way. The company also runs a "Next Generation Cloud Pioneers" customer network and its founders co-founded The Bologna Gathering, an invitation-only ecosystem event.

Enterprises across regulated and data-intensive industries β€” including aerospace, defence, cybersecurity, healthcare and public administration β€” as well as cloud and managed service providers and distributors; customers range from SMEs to companies with over €1 billion in turnover.

Geography

Headquartered in Bologna, Italy (Via della Zecca 1), with a stated presence in London, UK. Expansion following the 2024 round focused on the DACH region, French-speaking markets and the United Kingdom; the company describes European technology serving customers globally. Earlier company records describe operations split between Bologna and Tel Aviv.

History

Records place the founding in Bologna in July 2016 as a distributed cloud network. The company won the Myllennium award in 2016, ran an early alpha on 50 Raspberry Pi 3 devices, won the Maker of Merit award at the European Maker Faire in Rome and the Italian National Prize for Innovation in December 2017, and received EU Horizon 2020 funding in April 2018. It was selected by Techstars for the Barclays Accelerator in Tel Aviv in 2018, launched a Kickstarter campaign in October 2018 raising over $400k for its consumer Cubbit Cells product, opened an Indiegogo campaign in April 2019, shipped first Cells in November 2019, launched Cubbit for Teams for businesses in 2020 and established its own e-commerce that summer. Italian Angels for Growth invested in December 2020. The company subsequently repositioned around enterprise geo-distributed S3 storage, closing a $12.5M round co-led by LocalGlobe and ETF Partners in July 2024.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Business customersJul 2024350 customers
EmployeesJan 202560 people
Gartner Peer Insights average ratingDec 20254.8 out of 5
HeadcountAug 202662
IT resource reduction vs traditional S3 solutions (company claim)Jul 202425-50% less disk space and IT resources
Kickstarter campaign amount raisedOct 2018$400K
Organisations servedJan 2025400 organisations
Storage cost savings vs hyperscalers (company claim)Jan 202580%
Total funding raised (company-stated)Jan 2025$25M
User files protectedJan 202580,000,000 files

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 8

by search overlap
Netezza275 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Cloudflare Turnstile222 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.
Proton211 shared keywordsProton develops free and open-source privacy and security software including encrypted email, contacts, and VPN services. The company uses its technology and resources to defend digital freedom, internet access, and privacy rights globally, particularly for journalists, activists, and people living under authoritarian regimes.
Instart108 shared keywordsInstart was a Palo Alto-based web content delivery and application performance company whose assets Akamai acquired in 2020.
Splunk105 shared keywordsSplunk offers a unified platform for security and observability that ingests and analyzes large-scale data across hybrid cloud environments. Its tools support security operations centers with analytics and automated response, and help teams monitor application and infrastructure performance.
Cloudian102 shared keywordsCloudian provides S3-native object storage and data management software for AI, analytics, and backup workloads, with immutable storage for ransomware protection and high-throughput storage for GPU cloud providers. It serves neocloud and GPU cloud providers, enterprises, and organizations building private clouds for compliance, performance, and data locality.
Upguard98 shared keywordsUpGuard provides a platform for managing cybersecurity risk, including third-party vendor and supply chain risk assessment. It is aimed at organizations seeking to evaluate and monitor the security posture of their vendors.
Kiteworks93 shared keywordsKiteworks provides a single-tenant virtual appliance that governs how employees and AI agents access, use, and share sensitive data under unified identity, policy, encryption, and audit controls across channels like email, file sharing, managed file transfer, SFTP, and AI agent access. It targets enterprises with regulatory compliance needs (HIPAA, CMMC, GDPR, PCI-DSS, IRAP, FedRAMP) in the data security and governance category.

Companies competing with Cubbit for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 15

launches, deals, and filings
Jan 2025
Named among top 30 EU deep tech scaleups by the European Commission

source β†—

Jul 2024
European expansion into DACH, French-speaking regions and the UK

The company stated the new funding would support CAPEX-free growth in Europe, initially focused on the DACH and French-speaking regions and the United Kingdom.

source β†—

Jul 2024
Cubbit raises $12.5M co-led by LocalGlobe and ETF Partners

Cubbit announced the closing of a $12.5M round (approx. €11.6M / Β£10M) co-led by LocalGlobe and ETF Partners, with new investors Verve Ventures, 2100 Ventures, Hydra (holding of Datalogic), Growth Engine, Eurenergia and Moonstone, and returning investors Azimut Libera Impresa SGR – Azimut Digitech Fund, CDP Venture Capital SGR (Fondo Evoluzione) and Primo Ventures. Proceeds targeted expansion in DACH, French-speaking regions and the UK.

$12.5M source β†—

Jul 2024
International partnerships with HPE, Equinix and Exclusive Networks

Cubbit's technology adoption is supported by partnerships with HPE, Equinix and distributor Exclusive Networks, alongside an agreement with Leonardo.

source β†—

Jul 2024
DS3 Composer geo-distributed storage platform highlighted at funding announcement

Cubbit's DS3 Composer combines a proprietary data orchestration platform with data fragmentation and geo-distribution technology, enabling organisations to build their own geo-distributed S3 cloud storage.

source β†—

Dec 2020
Italian Angels for Growth investment

Italian Angels for Growth lists Cubbit in its portfolio with a date of investment of December 2020.

source β†—

Jan 2020
Launch of Cubbit for Teams

Cubbit released a distributed cloud storage service tailored for businesses and work teams.

source β†—

Nov 2019
First Cubbit Cells shipped

source β†—

Oct 2018
Kickstarter campaign for Cubbit Cells raises over $400k

The company launched a Kickstarter campaign for its consumer 'plug&cloud' product, Cubbit Cells, raising over $400,000.

$400K source β†—

Aug 2018
Cubbit Cells consumer 'plug&cloud' product conceived

The company developed its B2C product, Cubbit Cells, based on a plug-and-cloud device concept.

source β†—

Apr 2018
Horizon 2020 award from the European Union

Cubbit received Horizon 2020 funding from the European Union, as reported by Il Sole 24 Ore.

source β†—

Jan 2018
Selected for Barclays Accelerator powered by Techstars in Tel Aviv

Cubbit was selected by Techstars as a cybersecurity technology and presented at the Barclays Accelerator demo day in Tel Aviv.

source β†—

Dec 2017
Italian National Prize for Innovation

source β†—

Dec 2017
Maker of Merit award at European Maker Faire Rome

Cubbit performed its first official alpha test at the European Maker Faire in Rome and won the Maker of Merit award.

source β†—

Jan 2016
Myllennium award

Cubbit won the Myllennium award and travelled to Boston to work with leaders in disruptive innovation.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Cubbit do?
Cubbit is an Italian provider of S3-compatible, geo-distributed object storage software for enterprises and service providers.
Who are Cubbit's investors?
Cubbit's investors include CDP Venture Capital, ETF Partners, Growth Capital, Italian Angels for Growth, Moonstone Venture Capital, Primo Ventures, Techstars, Verve Ventures.
How much funding has Cubbit raised?
Cubbit has disclosed $12.5M raised across 1 round.
Where is Cubbit headquartered?
Cubbit is headquartered in Bologna, IT.