Data

PagerDuty builds upon generative AI capabilities

PagerDuty, a global leader in digital operations management, is building upon previous generative AI (genAI) capabilities with PagerDuty Advance, which is embedded across the PagerDuty Operations Cloud platform - including Incident Management, AIOps, Automation and Customer Service Operations customers. With PagerDuty Advance, organisations can accelerate digital transformation initiatives - from operations centre modernisation to automation standardisation and incident management transformation - elevating their operational excellence. The evolution of PagerDuty Advance empowers responder teams to work faster and smarter by using genAI to surface relevant context or automate at every step of the incident lifecycle. “Global IT disruption and outages are becoming the new normal due to organisations’ technical debt and a rush to harness the power of generative AI,” says Jeffrey Hausman, Chief Product Development Officer at PagerDuty. “These are contributing factors to a greater number of outages which last longer and are more costly. “Building upon our genAI offerings, PagerDuty Advance provides customers with generative AI solutions that help them scale teams by surfacing contextual insights and automating time-consuming tasks at every step of the incident lifecycle. Organisations can take the next step in unlocking the full potential of AI and automation across the digital enterprise with the help of PagerDuty.” PagerDuty Advance includes AI-powered capabilities built to streamline manual work across the incident lifecycle, including: PagerDuty Advance Assistant for Slack - A genAI chatbot that provides helpful insight at every step of the incident lifecycle from event to resolution directly from Slack. Using simple prompts, responders can quickly get a summary of the key information about the incident. It can also anticipate common diagnostic questions and suggest troubleshooting steps, resulting in faster resolution. PagerDuty Advance for Status Updates - This feature leverages AI to auto-generate an audience-specific status update draft in seconds, offering key insights on events, progress and challenges. It helps to streamline communication while saving cycles on what to say to whom, allowing teams to focus on the real work of resolution. PagerDuty Advance for Automation Digest - Part of the Actions Log, this feature summarises the most important results from running automation jobs in one place. Responders can make informed decisions based on diagnostic results and even load the output as key values into variables in Event Orchestration for dynamic automation. PagerDuty Advance for Postmortems - Once an incident is resolved, the user can elect to generate a postmortem review, accelerating an otherwise time-consuming task of collecting all available data around the incident at hand (including logs, metrics, and relevant Slack conversations). In addition to highlighting key findings, this AI-generated postmortem includes recommended next steps to prevent future issues and indicates areas of improvement. AI Generated Runbooks - AI-generated Runbooks accelerate automation development and deployment even among non-technical teams. Operators and developers can quickly translate plain-English prompts into runbook automations or leverage pre-engineered prompts as a starting point. Interviews with early access customers revealed that PagerDuty Advance for Status Updates can save up to 15 minutes per responder per incident. Given the average number of responders responsible for status updates in enterprise organisations is five and the monthly average number of incidents is 60, PagerDuty Advance can save at least 75 hours a month; more than nine business days. Snow Tempest, Research Manager for IT Service Management at IDC, notes, “According to IDC research, customers are looking for AI-enhanced, data-driven IT service and operations practices that reduce resolution times, prevent issues, and improve end user experiences. As digital products and services increasingly drive revenue and operations, organisations can expand their advantage by successfully implementing tools that enable rapid, context-aware response to urgent issues.” For more from PagerDuty, click here.

Veeam brings data resilience to Microsoft 365 users

Veeam Software, the data resilience specialist, has announced the next generation of Veeam Data Cloud for Microsoft 365 with the new capabilities offered by Microsoft 365 Backup Storage. Veeam Data Cloud, which is built on Microsoft Azure, provides backup-as-a-service (BaaS) for Microsoft 365, enabling data resilience and leveraging powerful data protection and security technology within a simple, seamless user experience. As a launch partner for Microsoft 365 Backup Storage, Veeam is leveraging the latest Microsoft technology with Veeam Data Cloud for Microsoft 365 to deliver lightning-fast backup and recovery capabilities for large Microsoft 365 environments, ensuring organisations protect critical data against cyberattacks and data loss scenarios, further enabling complete data resiliency. This solution further strengthens Veeam’s position in protecting Microsoft 365 users, with over 21 million users already under Veeam's protection. John Jester, Chief Revenue Officer (CRO) at Veeam, comments, “One of the benefits of our multi-year strategic partnership with Microsoft is rapidly bringing new advances to our joint customers and partners. This new release combines the benefits of Veeam’s industry-leading technology – in both data protection and ransomware recovery – with the latest Microsoft 365 data resilience capabilities introduced by Microsoft, and extends them to even more customers using Microsoft 365. “In addition, we’re making great progress in our joint innovation bringing the power and insights of Microsoft Copilot to the Veeam product family. As the leader in Microsoft 365 protection with over 21 million users protected, Veeam together with Microsoft provides the ultimate Microsoft 365 backup and recovery solution and sets the standard for how enterprises manage data protection.” Microsoft's new backup technology is seamlessly embedded inside Veeam's backup service for Microsoft 365, combining the new high-speed backup and recovery capabilities with Veeam's established and unmatched restore and eDiscovery options tailored to meet any potential data loss and compliance scenario. This powerful fusion, where speed and scale meet control and flexibility, empowers organisations with the best of both worlds. Zach Rosenfield, Director of PM for Collaborative Apps and Platforms at Microsoft, comments, "The collaboration with Veeam is an advancement in assisting our shared clients with quick recovery after cyber incidents. We look forward to deepening our collaboration to improve data protection for users." Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage delivers: • Speed and scale: This latest offering from Veeam and Microsoft is designed to manage large volumes of data seamlessly, with the ability to protect and restore 100+ TBs of data or 10,000-plus objects. With this advanced solution, what used to take weeks or months is now accomplished within hours. • Disaster recovery: This new solution offers bulk restores at scale, ensuring increased resilience to ransomware or malware attacks and minimising downtime. Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage empowers organisations to bounce back quickly from any data loss scenario. Organisations no longer have to choose between paying a ransom or enduring weeks or months of data restoration. • Future readiness: As part of a new five-year strategic partnership, Veeam is developing future solutions with Microsoft integrating Microsoft Copilot and Azure AI services to enhance data protection for Microsoft 365 and Azure. These solutions will simplify operations, automate administrative tasks, and allow organisations to allocate resources to business-critical initiatives, ensuring they stay ahead in a rapidly changing digital landscape. “As adoption of Microsoft 365 increases, the volume and criticality of their associated data sets is also growing,” says Krista Macomber, Research Director at The Futurum Group. “Without the proper data protection solution, this can lead to highly time-consuming, cumbersome backup processes - ultimately resulting in delayed, missed, or incomplete backups. Equally an issue, it can also lead to slow and incomplete recovery processes. This cannot be afforded, especially given the need for resiliency against the onslaught of cyberattacks. Veeam is directly addressing these challenges with the most recent update to its Microsoft 365 backup capabilities.” Veeam Data Cloud for Microsoft 365 with Microsoft 365 Backup Storage will be available in early August. Three packaging options (Express, Flex, and Premium) are available to accommodate Veeam and Microsoft customers. For more from Veeam, click here.

Vultr and Run:ai deliver advanced NVIDIA GPU orchestration

Vultr, the privately held cloud computing platform, today announced that Run:ai, a leader in AI optimisation and orchestration, is the latest ecosystem partner to join its Cloud Alliance. Run:ai’s advanced AI workload orchestration platform, coupled with Vultr’s robust, scalable cloud infrastructure - including Vultr Cloud GPUs, accelerated by NVIDIA computing technologies and Vultr Kubernetes Engine - provides the enhanced computational power needed to accelerate AI initiatives across Vultr’s global network of 32 cloud data centre locations. As businesses across industries look to deploy their AI initiatives, they often grapple with scaling AI training jobs, fragmented AI development tools, and long queue times for AI experimentation. The partnership between Vultr and Run:ai addresses these challenges, offering a cutting-edge solution that enhances resource utilisation, supports rapid AI deployment, and provides customisable scalability through their integrated infrastructure and advanced AI workload orchestration. “Enterprises around the world are vying to deploy transformative, AI-driven solutions,” says Sandeep Brahmarouthu, Head of Global Business Development at Run:ai. “Our partnership with Vultr will give these organisations a comprehensive solution suite designed to address the technical challenges of AI project development. Now, businesses are empowered with unparalleled adaptability, performance, and control, setting a new standard for AI in today’s rapidly evolving digital landscape.” Vultr’s scalable infrastructure guarantees unified AI stack management, thanks to seamless integrations with existing Cloud Alliance partners, Qdrant and Console Connect. Qdrant, a high-performance vector database with retrieval-augmented generation (RAG) capabilities, manages and queries large volumes of vector data, enhancing tasks like similarity search and recommendation systems. Console Connect facilitates private, high-speed networking to ensure secure, low-latency data transfer between these components, optimising the overall AI/ML pipeline. Now, Run:ai has become the newest member of the Cloud Alliance, with its advanced AI workload orchestration platform. This integrated stack, centred around Vultr, provides a robust, scalable, and efficient solution for handling the most demanding AI/ML workloads. As a result, customers can benefit from: • Enhanced GPU utilisation – Maximise GPU efficiency with Run:ai’s dynamic scheduling and fractional GPU capabilities, reducing idle times and optimising resource use on Vultr’s scalable infrastructure.• Accelerated AI development – Speed up AI development cycles with Vultr’s high-performance cloud infrastructure and Run:ai’s comprehensive orchestration platform, reducing time to market for AI models.• Simplified lifecycle management – Streamline the entire AI lifecycle from development to deployment with integrated tools for dynamic resource allocation, efficient training, and comprehensive monitoring.• Cost-effective operations – Minimise operational costs with Vultr’s affordable cloud solutions and Run:ai’s efficient resource management, ensuring economical AI project execution.• Robust security and compliance – Bolster the security and compliance of AI workloads with advanced features like role-based access control and detailed audit logs, backed by Vultr’s secure infrastructure. Kevin Cochrane, CMO of Vultr, comments, “We are committed to giving our customers the best-of-breed technologies needed to help achieve their business goals. By partnering with Run:ai, we’ve provided a unique solution tailored specifically for AI workloads. Our integrated platform will not only ensure high performance and cost efficiency for customers worldwide, but also give them the agility needed to navigate the evolving demands of modern AI environments.” Vultr is a member of the NVIDIA Partner Network. For more from Vultr, click here.

Cerabyte secures investment from Pure Storage

Cerabyte, a provider of ceramic-based data storage solutions, has announced a strategic investment from Pure Storage, the IT pioneer that delivers an advanced data storage platform, to help enable sustainable immutable data storage solutions. Additionally, John (Coz) Colgrove, Founder and Chief Visionary Officer of Pure Storage, joins Cerabyte’s Board of Directors. Cerabyte’s vision is to store all data virtually forever and preserve today’s digital records for future use through the use of its ceramic data storage technology. With Pure Storage delivering the platform to store, manage, and protect the world's data, this strategic investment in Cerabyte will enable the company to extend this mission further. “Pure’s investment in Cerabyte and joint partnership will allow us to offer our customers sustainable and immutable data storage solutions that are revolutionising the industry,” says John (Coz) Colgrove, Founder and Chief Visionary Officer, Pure Storage. “By disrupting the archival storage market, we are paving the way for longer lasting and easier to manage long-term storage.” Cerabyte enables a new tier of accessible, permanent, and sustainable data storage that is projected to extend from petabyte to exabyte-scale data centre racks. The persistent media technology can hold data for extremely long periods of time while consuming no power. “The complex global needs of zettabyte-scale archival storage have been poorly served with expensive solutions that consume an inordinate share of the world’s available energy,” says John Monroe, Chief Analyst at Furthur Market Research. “The storage industry is ripe for transformative disruption. In concert and conjunction with tape, new technologies such as Cerabyte’s will be required to provide viable and cost-effective solutions to enterprise customers’ crucial challenges with the security, immutability and sustainability (SIS) of their vital data.” Cerabyte’s ceramic-based data storage does not suffer from bit rot or silent corruption, which threatens data integrity over time. Instead, it provides an immutable record of the original data required in an increasing number of use cases, especially in the era of AI. “As the industry is heading towards the Yottabyte Era, sustainable data storage — which eliminates the need for data migration and thereby scales down the energy footprint and TCO — will be critical to harness the data tsunami ahead,” notes Christian Pflaum, CEO, Cerabyte. “We are thrilled to partner with Pure Storage to commercialise ceramic data storage and welcome John to our Board of Directors.” For more from Pure Storage, click here.

R&M receives gold medal for sustainability

R&M, the globally active Swiss developer and provider of high-end infrastructure solutions for data and communications networks, has received the EcoVadis Gold Medal for sustainability. As it has every year since 2016, the EcoVadis ranking platform recently analysed and evaluated R&M’s environmental, social and ethical performance. The assessors awarded the company 78 points (out of 100), thus granting R&M 'Gold status'. According to EcoVadis, R&M ranks among the top 5% of all companies rated in the past 12 months. Furthermore, in the 'Manufacture of cables and network technologies' sector, R&M ranks in the top 1% of manufacturers assessed. "By awarding us the gold medal, EcoVadis recognises our significantly increased commitment to value-oriented sustainability. The EcoVadis assessment confirms that our sustainability measures are credible, verifiable and viable," says R&M CEO, Michel Riva. "Over the past few months, R&M has broadened its perspective to include every stage of the value-added process and the entire supply chain," reports R&M COO and Sustainability Officer, Markus Stieger. "Another milestone was the identification of all factors with which we can balance greenhouse gas emissions in Scope 1, 2 and 3. This enabled R&M to create a scientifically sound basis last year for the strategic goal of net zero. More than two-thirds of R&M’s suppliers use a standardised environmental management system. R&M is working intensively on integrating the circular economy into all company-wide processes. The managing directors and sustainability ambassadors from all R&M organisations are working closely together. R&M has globally standardised its own standards for personnel management, labour and human rights on the basis of the International Labour Organisation (ILO). The EcoVadis rating is regarded internationally as a benchmark for the progress made by companies in the various spheres of activity relating to sustainability. The list of criteria includes climate and environmental protection, labour and human rights, procurement, business ethics and the documentation of sustainability measures. For more from R&M, click here.

Gcore raises $60m in Series A funding to drive AI innovation

Gcore, the global edge AI, cloud, network, and security solutions provider, has secured $60 million (£46.4m) in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River (HRZ), this marks the company’s first external capital raise since its inception more than 10 years ago. The funds will be strategically invested in Gcore’s technology and platform, including cutting-edge AI servers powered by NVIDIA GPUs, to drive AI-led innovations. Gcore says that the investment underscores its commitment to delivering advanced edge AI solutions that enhance cloud resource efficiency and ensure data sovereignty. Public organisations, telcos, and global corporations entrust Gcore with their edge workloads due to its expansive network, strong presence in emerging markets, and proven cloud capabilities in AI training and inference. Gcore serves customers across diverse industries, including media and entertainment, gaming, technology, financial services, and retail. Built for the edge and addressing a $200 billion-plus market opportunity, Gcore’s cloud infrastructure powers both the training of large language models (LLMs) and the inference of AI applications at the edge. This is enabled by Gcore’s global network of over 180 edge nodes across six continents, including more than 25 cloud locations, with a total network capacity exceeding 200 Tbps. Sean Lee, Chief Corporate Development Officer of Wargaming, comments, "Gcore has been our partner for over 10 years, helping us to deliver games to hundreds of millions of players worldwide. We are excited to support the company on this journey and look forward to helping them become uniquely positioned to lead high-speed AI model training and inference anywhere in the world." Matthias Winter, Managing Partner of Constructor Capital, adds, "Constructor Capital is excited to invest in Gcore, a leading player in the AI IaaS space, in a booming market with CAGRs of over 40%. We believe in Gcore’s unique value proposition as a comprehensive provider offering a wide range of edge solutions, high automation, attractive TCO, extremely low latency, and an experienced management team. We look forward to a successful journey together in the years to come." Christopher Koh, Managing Partner of HRZ, notes, “We are thrilled to invest in Gcore for its forward-thinking approach to global low-latency AI infrastructure and innovative edge AI solutions. We are especially impressed by its leadership in APAC, collaboration with world-class partners, and strategic alignment with emerging AI opportunities in the region.” Lastly, Andre Reitenbach, CEO of Gcore, says, “We are on the cusp of an AI revolution that will transform how companies operate. Gcore is perfectly positioned to connect the world to AI, anywhere and anytime, by delivering innovative AI, cloud, and edge solutions. The growing demand for AI infrastructure from enterprises and SMBs alike highlights the importance of this significant investment. We are thrilled by the support of investors like Wargaming, Constructor Capital, and Han River Partners as we enhance our extensive network of AI servers and reinforce the powerful edge services we offer.” For more from Gcore, click here.

Data debt emerges as core business issue

HFS Research, a global research and analysis firm, in partnership with Syniti, a global leader in enterprise data management, recently released a report titled Don’t drown in data debt; champion your Data First culture, which reveals that Global 2000 enterprises are hindered by data debt, lack comprehensive data strategies, and realise the need for specialised talent to meet business goals. The report interviewed over 300 Global 2000 business leaders (49% from the US) across industries to study how organisations are navigating a complex landscape of data management challenges and how those hurdles could impede their ability to fully leverage operational efficiency and drive business growth. It recommends that enterprises adopt a 'Data First' culture, implement comprehensive data management strategies, and shift towards outcome-driven partnerships with service providers to prevail. The report specifically recommends five strategic principles that will enable meaningful progress in addressing data debt and championing a Data First culture: Data isn't just IT's problem; it's a core business issue. The strategic goal for data management is to facilitate seamless end-to-end business processes, supporting the 'OneOffice' experience, where people, intelligence, processes, and infrastructure come together as one integrated unit, with one set of unified business outcomes. Data and AI have a chicken-and-egg relationship. You need to address both together. Better data management emerges as the number one initiative to leverage AI capabilities better. Measure the impact of bad data; it’s critical to reducing your data debt. Less than 40% of organisations interviewed have methods and metrics in place to quantify the impact of bad data on their organisations. Data is a huge people issue. The shortage of specialised talent is one of the top three challenges in data management. Professional services need to be reframed as business data services—with a focus on outcomes, not effort. Nearly 90% of enterprises rely on third-party providers for data initiatives. However, focusing on effort rather than results leads to inefficiencies. Enterprises must demand providers prioritise meaningful results to drive true value. Kevin Campbell, CEO, Syniti, says, “This research proves what we have believed for some time - that the fundamental problem with past data approaches is in the skills needed and applied. We are now at an inflection point in the evolution from generalists to specialists; data work is unique and complex and requires 100% dedicated focus to build specialised skills, training and needed career paths. “To achieve real, tangible business benefits from your data, you need skilled data specialists who understand data in context - not business generalists or developers. It’s also gratifying to see this research validate that our Data First approach is crucial to driving successful transformations, whether that's achieving the benefits of applying GenAI or transforming the underlying business functions and systems.” Phil Fersht, CEO and Chief Analyst, HFS Research, adds, “Our research proves that a Data First culture means data isn't just IT's problem; it's a core business issue. Many business leaders still take a backseat when setting key data objectives, causing data to remain siloed across departments, and resulting in misaligned expectations across IT and business professionals. The focus for enterprise leaders must be on developing strategic talent that understands the business context behind the data.” To read the full report, click here. For more from Syniti, click here.

CTERA announces growth investment from PSG Equity

CTERA, a provider of hybrid cloud data management solutions, has raised $80 million (£61.4m) in primary and secondary funding from PSG Equity, a growth equity firm focused on software and technology-enabled services companies. As part of the transaction, Ronen Nir, Managing Director at PSG, has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners. CTERA, named the top Leader and Outperformer in the GigaOm Distributed Cloud File Storage Radar for three consecutive years, combines an edge-accelerated global file system across public and private cloud environments with AI-based ransomware protection and data intelligence services. CTERA is at the core of hybrid cloud initiatives at some of the world’s largest banks, healthcare organisations, global media groups, and government agencies, in deployments that scale to tens of petabytes. Unstructured data is a critical component of any enterprise storage strategy, representing about 80% of organisational data distributed across branch offices, endpoints, on-premises, and cloud data centres. Within this space, hybrid cloud file storage is one of the fastest-growing segments. According to Gartner, “By 2027, 60% of I&O leaders will implement hybrid cloud file deployments, up from 20% in early 2023.”. The proliferation of AI technology helps make unstructured data management more crucial than ever before, as data access is needed not only for users and applications, but also for AI workflows. The new enterprise AI platforms depend on timely access to corporate data for training models and for augmented data retrieval to ensure relevance and accuracy. “We believe CTERA is setting the standard for the modern hybrid data platform, with military-certified security and unparalleled performance,” says Liran Eshel, Founder and Chairman of the Board of CTERA. “The strategic partnership with PSG will enable us to further drive our expansion while delivering top service to our customers, and implement our vision for AI data services.” “This investment is evidence of CTERA's robust business model and the opportunity it represents,” adds Ronen Nir, Managing Director, PSG. “We are excited to partner with CTERA as it embarks on capturing what we believe will be an inflection point in the hybrid cloud data market, leveraging both organic and inorganic opportunities to strengthen CTERA’s position and deliver even greater value to its customers.” For more from CTERA, click here.

Research reveals need for hybrid cloud storage strategies

Nasuni, an enterprise data platform for hybrid cloud environments, has unveiled the findings of its new industry research 2024 report, The Era of Hybrid Cloud Storage. The research includes insights from over 1,000 IT purchasing decision-makers in the US, UK, and DACH (Germany, Austria, Switzerland) on hybrid cloud, digital transformation, security, and artificial intelligence (AI). David Grant, President of Nasuni, comments, "As hybrid cloud storage takes centre stage, organisations need strategies to capitalise on their most valuable asset: data. In tandem, they need strategies for addressing critical IT issues including ransomware attacks and the introduction of AI integrations to the market. Legacy storage solutions cannot keep up with these demands. Nasuni’s The Era of Hybrid Cloud Storage report gives organisations the necessary industry and peer insights to understand and take action in a rapidly evolving cloud landscape.” Key takeaways: • Cloud strategies are at the forefront of enterprise success: Enterprises are rapidly moving forward with rolling out or planning cloud-first initiatives (according to 97% of respondents) to help grow their businesses, which includes significant investments in data management, analytics, AI, and cybersecurity. • Hybrid cloud is business critical for proper data management: While only 19% of companies have a hybrid cloud storage model, a staggering 65% plan to implement one within the next year. Of those currently using a hybrid cloud solution, 70% plan to upgrade within the next 18 months. • Data recovery and security is a primary driver for cloud solutions: Data recovery is the number one priority for firms when faced with a ransomware attack, with 59% of organisations seeing cloud initiatives delivering better data security and disaster recovery time. • The growing role of data intelligence and AI: Organisations are targeting advanced data management and visibility through AI (60%). However, the biggest roadblocks preventing organisations from either developing or implementing AI solutions are data privacy and security (42%) and skills shortages (35%). Nasuni enables global organisations to transform file data into an asset that can deliver critical business insights by consolidating that data in a secure and versatile enterprise hybrid cloud platform. Through its strategic partnerships and long-standing alliances with the major cloud providers, Microsoft Azure, AWS, and Google Cloud, the Nasuni File Data Platform is unlocking even greater efficiencies, reducing cost, and establishing a foundation for facilitating core enterprise AI use-cases. Nasuni currently supports over 850 enterprise customers, including numerous Fortune 500, in more than 70 countries to scale, protect, and manage their data. To download the full Era of Hybrid Cloud Storage report, click here. For more from Nasuni, click here.

Cubbit funding to enhance independent data storage offering

Cubbit, the first geo-distributed cloud storage enabler, today announced the closing of its $12.5 million (£9.6m) funding round. With this new funding, the company will enable European service providers and companies to take back full independence and control over their data, infrastructures, and costs. More than 180 billion terabytes of data will be produced in 2025, and 75% of this will be created and processed at the edge. This explosive growth raises data orchestration complexity, cyber-attacks, sovereignty risks, and costs. AI and media creation are compounding this out-of-control growth, which is becoming an ever growing concern when it comes to geopolitical scenarios and the protection of sensitive data. Cubbit eradicates these challenges by enabling organisations to create, in just minutes, their own geo-distributed S3 cloud storage that can slot into any infrastructure and policy framework – from hybrid cloud to the edge. With its DS3 Composer, Cubbit combines a proprietary data orchestration platform with its deep tech data fragmentation and geo-distribution technology. The result is a sovereign, hyper-resilient, flexible, and highly cost-efficient cloud storage service that protects European data. The company promotes its approach with the tagline, 'Your cloud. Your rules. Anywhere.' Cubbit also guarantees the required data resiliency SLAs using 25/50% less disk space and IT resources compared to traditional cloud storage, therefore minimising the cloud carbon footprint. The round was co-led by LocalGlobe, EMEA’s number one VC investor according to the 2023 Dealroom report, and ETF Partners, Europe’s original sustainability investor. Among the new investors joining Cubbit are also Verve Ventures, 2100 Ventures, Hydra (holding of Datalogic), Growth Engine, Eurenergia and Moonstone. Azimut Libera Impresa SGR – Azimut Digitech Fund under the advisory of FNDX, CDP Venture Capital SGR through its Fondo Evoluzione, and Primo Ventures are returning investors. Individual investors include Fabio Fregi, former Italy Country Manager of Google Cloud, and Joe Zadeh, former VP Product at Airbnb. The new funding will enable Cubbit’s to grow CAPEX free in Europe, initially focusing on the DACH, and French-speaking regions, as well as the UK. The round will also further accelerate Cubbit’s technology adoption, which is rapidly growing in Europe with more than 350 business customers, and is supported by several international partnerships, including HPE, Equinix and Exclusive Networks. Part of the funding will go towards further consolidation of the application ecosystem around Cubbit’s enabling technology to support vertical projects in various industries, including aerospace, defence, cybersecurity, healthcare and public administration. Stefano Onofri, Co-CEO and Co-Founder of Cubbit, says, “Having top-tier international VCs invest in Cubbit's geo-distributed technology is a major endorsement. Over the past few years, we have grown massively and closed key partnerships and agreements with international players such as Leonardo, HPE, and Equinix - now it's time to take our expansion to the next level.” Alessandro Cillario, Co-CEO and Co-Founder of Cubbit, notes, “Enterprises worldwide are facing the daunting challenge of orchestrating massive amounts of data; or they will soon. They don’t need just another cloud provider; they require a cloud enabler that allows them to implement the custom IT infrastructure strategy that they are looking for. Organisations need to keep full control over their data in order to simplify their workflows and reduce costs. Cubbit is here to help them achieve what was not possible before.” Patrick Sheehan, Managing Partner and Founder of ETF Partners, adds, “We're witnessing a double-edged sword in the tech revolution: cloud storage is powering unprecedented innovation, but at a steep environmental cost. As data centres use more and more energy, their carbon footprint continues to skyrocket. Cubbit's Composer technology responds to this immediate challenge. It is a game-changer that reduces cloud storage emissions without slowing progress. It's not just an incremental improvement; it's a leap towards sustainable digital infrastructure. We have been very impressed by the vision of the Cubbit team and what they have already achieved, and are keen to help them continue to make a profound impact”. Ferdinando Sigona, Partner of LocalGlobe, concludes, “Data generation is already one of today’s steepest exponential curves, and the generative AI wave is only poised to accelerate this further. As a result, companies of all types and sizes are facing escalating complexity and cost. At the same time, the geopolitical environment is driving investment into AI sovereignty, and we actually think that need for control will extend down the stack, all the way to data storage. Cubbit’s cloud storage software elegantly addresses all of these needs, and we’re excited to back Stefano, Alessandro and the whole team as they respond to the intense pull they’re experiencing from the market.” For more from Cubbit, click here.