Cubbit funding enhances independent data storage offering
Cubbit secured $12.5 million in funding to empower European businesses with independent, cost-effective, geo-distributed cloud storage solutions.
MAIN POINTS
- Cubbit raised $12.5 million (£9.6m) in a recent funding round.
- The funding aims to help European companies gain control over their data and costs.
- Over 180 billion terabytes of data will be managed using Cubbit's technology.
TAKEAWAYS
- The funding will support the expansion of Cubbit's geo-distributed cloud storage services.
- European service providers will benefit from increased data independence and infrastructure control.
- Cubbit's technology addresses the growing demand for secure and efficient data storage.