Project description
New data centre disrupts global cloud industry
File saving and sharing technologies have evolved rapidly. Today, most companies and individuals are storing and accessing their programs and data on the cloud. The cloud in fact has become a metaphor for the internet. The EU-funded Community Cloud project is developing a cloud service that offers excellent performance and competitive prices and the highest standards for privacy. It’s called Cubbit and it’s doing something different. Highly scalable and secure by design, it is replacing the centralised server farms with a distributed data centre based on a peer-to-peer network free from infrastructural costs. Not only more efficient than the competition, Cubbit is also environmentally sustainable, using up to 10 times less energy than centralised cloud.
Objective
All companies using cloud services look for excellent performances, competitive prices, and the highest standards of privacy. Yet, no cloud provider is currently able to provide all these three benefit together. This pain point arises because the current standard of centralized cloud (i.e. one proprietary web farm serving millions of users) has huge operating costs and recurring weaknesses concerning data security.
Cubbit develops a technology able to disrupt the global cloud industry by replacing the root cause of its problems, i.e. centralized server farms, with a distributed data center based on a peer-to-peer network free from infrastructural costs, highly scalable, and secure by design.
Cubbit turns the storage, CPU, and bandwidth provided by its users - who access the first ever forever-free end-to-end encrypted cloud storage service - into professional web services sold to SMEs customers - who finally get a secure, efficient, and inexpensive cloud.
While around 70% of the revenues made by traditional cloud providers are burnt into direct operating costs, Cubbit is the first provider that turns the costs into a revenue stream as it gains a margin on every domestic server activated.
Cubbit is also environmentally sustainable, using up to 10 times less energy than centralized cloud. For every TB you store on Cubbit, you save the gross equivalent to 100 kgCO2/year.
Founded in July 2016 and based in Bologna, Italy, the company is the first Italian startup ever invested by Techstars & Barclays’ accelerator in Tel Aviv, Israel, a world-class program focused on cybersecurity. It is now backed by 2 VC funds and private investors.
In March 2019, Cubbit run a successful product-crowdfunding that hit +821% overfunding and entered the top 1% of most funded Kickstarter campaigns of all times.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences internet
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering computer hardware computer processors
- natural sciences computer and information sciences computer security data protection
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
40121 Bologna
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.