India’s BlackBuck valued at $1 billion in $67 million fundraise
23 Jul, 2021
– Cubbit from Bologna develops a green cloud storage solution that does not use centralized server farms.
– The company raised €7m in funding.
– The round was led by Techstars, Primo Ventures, Digitech Fund – Azimut Libera Impresa, CDP Venture Capital Sgr, Gellify, the members of IAG (Italian Angels for Growth), and the Family Office of Massimo Prelz Oltramonti.
– The new investment will be used to grow B2C and B2B Sync&Share cloud services, develop new solutions (i.e. Backup and Object Storage), and launch Next Generation Cloud, a distributed cloud network reserved to pioneers companies.