Cubbit is the Italian winner of IoT category

Country: Italy

Category:  IoT

Project Aim: Cubbit offers a Forever-Free Dropbox to final users, and is a provider of cheaper and boosted web services for corporates.

What is the problem to solve? : Inefficiency of the centralized Cloud.

What does CUBBIT do?

A centralized Cloud is inefficient: Web farms costs are transferred both to Users (100Euro/TB/Y) and corporates (CDN 6 Euro/GB streamed)

Cubbit Creats the community Cloud. Thanks to an IoT device that leverages on existing Inter-connectivity infrastructures, we crowd-source the first distributed data-center: from one web farm for all, to small servers in everybody’s home or office.

Cubbit Offers a Forever-Free Dropbox to final users, and is a provider of cheaper and boosted web services for corporates.

Our business model: we acquire users by offering the first forever-free cloud. Each of them grows our distributed data-center with bandwidth, storage and CPU. We then sell web services like hosting, CDN and Cloud computing boosted by the proximity of Data to final Users.

Each Cubbit can generate revenues up to 11euro/month, while it only costs 0.20euro/m to coordinate its role in our network.

The core technology has been proved with private Alpha-test started in June 17 and in Jan 18 the public Alpha will be released.