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Ubicloud wants to build an open source alternative to AWS | TechCrunch (techcrunch.com)

submitted 8 months ago by [email protected] to c/[email protected]

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Ubicloud aims to provide an open source alternative to AWS by offering core cloud computing services on affordable bare-metal servers.
The focus is currently on compute, PostgreSQL database service, networking capabilities, with plans to add block storage and Kubernetes-based container service.
Co-founders have experience with Citus Data and Azure, and the company recently raised a $16 million seed round.

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[–] [email protected] 32 points 8 months ago* (last edited 8 months ago)

Ubicloud seems to be reselling Hetzner with a 60% profit margin.

Each VM has a monthly egress quota of 0.625TB per 2 vCPUs. If you exceed this limit, we will charge you $3 per TB of egress traffic. We don't charge for ingress traffic or traffic between your resources within the same cloud region.

Hetzner has a limit of 20 TB, this means Ubicloud has an initial potential profit margin of 15 TB (45$) in the worst case (standard-16 plan), and even better margins for the cheaper plans. Hetzner charges €1.21 for additional traffic outside their limit, this means Ubicloud still has a margin of 56% for additional traffic outside of the Hetzner limit.

It seems like this could be quite profitable if they manage to create an easy-to-use platform that attracts companies. The 16m investment might be worth it.