18 months ago, Next Generation Cloud Pioneers was born, an initiative promoted by Cubbit and dedicated to Europen companies with the precise aim of creating the first private B2B network in Europe. Gartner identified the distributed cloud as one of technology trend of the next few years. And Cubbit is the only European company to have developed cutting-edge proprietary technology.
Cubbit is an all-Europen company (based in Bologna) born in 2016: its solution is based on one geo-distributed scheme for data storage. Files are split and replicated on different devices, ensuring resilience e protection against data loss. So much so that Cubbit’s proposal is useful for creating immutable backups, therefore particularly effective for defending corporate data from ransomware and a wide range of possible incidents.
The program Next Generation Cloud Pioneers puts secure data storage and sharing center stage, ensuring sovereignty, privacy and respect for the environment. To date more than 130 companies have joined: many companies engaged in a vast number of industrial and strategic sectors. Telecommunications, defense, manufacturing and banking, to name a few.
Each company received some Cubbit Celldevices “plug&cloud” that can be connected to company routers or directly to employees’ homes. The devices go to form one Swarm, i.e. the set of nodes that allow you to create the geo-distributed network. Each company is a user of the services and, at the same time, contributes to the network development.
Cubbit Launches Its Advisory Board: Global Experts Supporting Distributed Cloud Growth
After the success achieved in recent years, an Europen company like Cubbit is preparing to extend its activities internationally. Alec Ross, Mikko Suonenlahti and Nicolas Ott, are the first three experts who form today’sAdvisory Board of the company. His task is to identify new strategic opportunities for the development of the company.
“Thanks to the innovation and know-how that we have developed over the years, today we have an enabling technology that can be applied to a variety of industrial and strategic sectors such as telecommunications, defence, manufacturing and banks. Our international advisory board will be crucial to the development of strategic technology integrations, which will significantly expand our market presence“, has explained Stefano OnofriCo-CEO and Co-Founder of Cubbit.
Who are the members of the Cubbit Advisory Board?
Alec Ross is an American tech policy expert, entrepreneur, and author. He held the position of Senior Advisor for Innovation for Hillary Clinton during her tenure as Secretary of State and was coordinator of the Technology & Media Policy Committee during Barack Obama’s presidential campaign in 2008. He is a member of the board of directors of amplean international venture capital fund, and sits on various boards of companies specializing in technology, finance, education, human resources and cybersecurity.
Little competition in the cloud market, especially in terms of European proposals
“Cloud is a market of more than $500 billion and its value will exceed $1 trillion by 2027. It is rare that in such a rich market there is so little competition: apart from Google, Amazon and Microsoft which take a slice of 65%, the rest is an open ocean, where American and Chinese companies compete and where there is no European presence. Over the years, in over $1 billion of investments, I’ve partnered with over 40 companies on 5 continents and have noticed commonalities among successful companies. I see this ambition and this level of skill in the Cubbit team and I think it can really become the European competitor in this market. As an advisor, I will bring my experience in building relationships with large companies“, Ross pointed out.
Mikko SuonenlahtiFinnish by origin, is a business builder which boasts almost fifty years of experience in support of tech founders who have distinguished themselves as pioneers, having sat on nearly 100 boardrooms in 8 countries. He has been lead investor in the first rounds of institutional financing of two companies that have reached a value of over 1 billion euros, and of two US Nasdaq IPOs.
Cubbit as a scalable solution without limits, capable of significantly lowering the price of cloud storage
“I am passionate about my work and love adding value to strategy, finance, corporate governance and IPO readiness. Cubbit is unique in that its technology enables the continuation of Moore’s Law in the industry data storage. During my career, the price of 1TB of storage it’s down from $33 million to about $11 a month and Cubbit is continuing that price drop“, says Suonenlahti.
Nicolas Ottof French nationality, is currently Senior Advisor Of Ardian Infrastructure in the telecommunications sector, it is a partner of the early stage fund Inovexus and independent director of Totem Group (towerco of the Orange group). Ott has a long experience in the telecommunications sectors and in the IoT world. He was CEO in Arqiva Telecom & M2M (United Kingdom), member of the board of directors of Wireless Broadband Alliance and vice president of strategy, regulation, planning and public affairs at EE Ltd (United Kingdom).
Responding to growing data and computing needs at the edge
“The steady increase in 5G and FTTx networks highlights the presence of a new opportunity for the telecom sector to generate new revenue streams and reduce costs. These networks lead to the creation of thousands of terabytes of data peredge, and the growing need to implement edge cloud computing to deliver satisfactory application performance. With Cubbit, two services are enabled in one platform: cloud services with low opex and capex and edge services to tap edge demand and enable 5G use cases. Cubbit’s technology can be applied concretely to create a distributed cloud storage network without complications in IT management. As an advisor, I will bring my experience from the world of telecommunications to the company“concluded Oct.