Impossible Cloud: Availability of Cloud Storage Solution Delivering Enterprise-Grade Object Storage at Fraction of Cost

Impossible Cloud GmbH announced the general availability of its enterprise-grade, native cloud storage solution which delivers all the capabilities of traditional cloud storage along with the benefits of decentralized web3 technology.

These include increased speed, affordability and security, all at a 50%-to-75% cost savings compared to traditional cloud providers.

Importantly, the company’s services can be procured using fiat currencies, and does not require tokens or cryptocurrency – eliminating a critical roadblock that has slowed B2B adoption of web3 technologies.

“Businesses of all sizes, including global corporations, have been largely ignored in the push to web3,” said Dr. Christian Kaul, co-founder. “Our solution delivers all the benefits of web3, but without the technical complexity that has held back mainstream business adoption. This solution is designed to unlock the B2B potential of web3 and has never been more timely, as traditional cloud providers continue to raise pricing while underperforming in their delivery.”

Click to enlarge

Supporting almost unlimited capacity, the firm’s Object Storage solution offers a scalable, cost-efficient alternative for organizations that require reliable and secure storage. The solution is for enterprises and SMBs that utilize centralized public cloud providers, such as AWS S3, as well as on-premises private clouds.

By tapping into underutilized capacity from top-tier data centers, the company enables off-site, disaster-resistant storage that is Kubernetes-friendly and S3-compatible. The platform ensures low latency, rapid uploads and downloads with millisecond throughput speeds, and is designed for 100% durability without any single point of failure – guaranteeing 99.95% availability, which is higher than industry standard.

The firm’s object storage has been developed for deployment within minutes with a single line of code, and it features 24/7 engineering support. The platform combines the intrinsic benefits of web3 security with industry security protocols and best practices – such as IAM, advanced file-versioning, encryption, and immutable buckets that protect data against accidental deletions and offer protection from ransomware and viruses.

The company operates out of enterprise-grade data centers that are compliant with standards such as ISO27000 and SOC 2 Type II, among others. It supports all S3 API standard retention modes for object lock, as well as a retention period that protects and allows users to control access for greater confidentiality, surveillance or compliance.

The firm’s cloud storage is for organizations that require performant and secure storage for big data, backups and archives. With a transparent and flexible pricing structure, there are no unexpected or hidden costs and customers can rapidly scale as their needs grow without exorbitant price increases.

Earlier this month, the company announced a €7 million seed round co-led by HV Capital and 1kx, and joined by Protocol Labs, TS Ventures, and very early Ventures to accelerate the launch of its innovative platform.