Ugloo is dead... too

Ugloo, another iteration of a P2P backup concept, ceased its operations, it is clearly mentioned on the societe.com site. Founded in 2014, Ugloo has raised €1.25M from Picardie Investissement and CapDecisif Management.

As mentioned before, the team had Cyril Randriamaro and Gil Utard, two key people who built Ubistorage several years ago, and some of us remember the Noebox product.

This bad event illustrates the pressure of the market with HDD and cloud storage prices drop that impact seriously such models.

We have listed around 20 players in that category and this info validates KerStor decision to find an exit a few years ago. It's also the case for AeroFS, Space Monkey, Symform or Wuala. Only a few others survive like AetherStore, Cloudplan, Sia, Storj and of course IPFS, the InterPlanetary File System.