Cubbit

Cubbit is the first data-center that does not need any centralized server farm. Cubbit is an IoT device that leverages on existing inter-connectivity infrastructures to crowd-source the first distributed data-center: from one web farm for all, to small servers in everybody’s home or office. Our technology changes the way we experience the Cloud. Users get the first forever-free Cloud Storage, while companies can count on cheaper and boosted Web Services, such as content-delivering (CDN), cloud computing, hosting.

1 We offer forever-free Cloud Storage to acquire new Users (people and SMEs); 2 Each user grows our distributed data-center with bandwidth, storage and CPU; 3 Then we monetize - by selling web services enabled by our crowd-sourced data-center.

Cloud Storage, introduced in 2007, is in its growth phase. In 2016 it was worth $23,7B, and CAGR to 2020 is expected at 28,20%. Though, the freemium conversion rate is stuck at 4%.
With our Free Cloud model, we want to have on the industry the same impact that Hotmail had
twenty years ago as the first e-mail service with no fees for the final users.

Among the market of Web Services, Content Delivery Network (CDN) services were sold for $6.05B in 2016 and are expected to grow to 2021 at 30.9%CAGR.
Netflix, the king of streaming, is estimated to spend ~70% of its revenues in CDN. They are now building their own edge infrastructure. We are creating, for free, a more permeated network that is rentable by all other players in the industry.

We have just been selected by the leading Italian Telco for its open-innovation program: TIM #WCap. We are studying how to embed our technology into the millions of consumer home routers they manage. Cubbit technology has just been proofed by our Alpha Test, that involved 48 proto-Cubbit activated in 4 European cities. Our Team has been able to raise €115k equity-free. We won the Italian National Prize for Innovation 2016 and we have run an acceleration program with VC partner Barcamper Ventures in spring 2017 .