Ubicloud received $16 million investment in the round attended by Y Combinator and 500 Emerging Europe
Summary
Ubicloud, implemented by \xd6zg\xfcn Erdoan, Umur \xc7ubuk\xe7u and Daniel Farina, Y Combinator ve 500 Emerging EuropeIt received an investment of 16 million dollars in the round, which included , as well as a number of angel investors.Ubiclouds cloud platform provides access to essential infrastructure resources such as virtual machines, block storage and network capacity. Built-in cybersecurity features allow customers to encrypt their information and create access rules to regulate who can access what data and how.The platform runs on bare metal servers from Amazon Web Services and several other cloud providers. In contrast, standard cloud instances typically run on infrastructure shared by multiple companies.Ubicloud offers its platform as a managed service. It also offers an open source version that organizations can install on their own bare metal infrastructure. Ubicloud says both versions are significantly more cost-effective than traditional public cloud environments.According to the company, its platform can run the popular PostgreSQL relational database at three times the cost of its competitors.