Internxt is an innovative Spanish startup that is currently fighting against the environmental and privacy problems that society is experiencing. To do this, they have created X Cloud, a (cloud) storage tool like Google Drive, iCloud or Dropbox, which seeks to differentiate itself from its competitors in the levels of security and privacy offered to the user.
X Cloud, which began development in 2017 and recently hit the market in 2019, encrypts users’ files, breaks them down, and is hosted independently on a network distributed around the world.
Fran Villalba Segarra, CEO and founder, began his adventure as an entrepreneur and programmer at the age of 13 and, six years later, founded the company for which he is known today at only 20 years of age. The company seeks to offer the user a series of more secure services than those offered right now by the Internet giants.
Fran is currently enrolling his company in various technology and innovation related contests. “We hope that the remainder of 2019 and 2020 will be exciting years for our startup. Many media outlets are already talking about Internxt,” says Villalba.
The services offered by this technology mean cheaper, more private and ecological cloud storage than what the big giants of this sector currently offer. Internxt offers cloud hosting plans to individuals and startups and companies.
For individuals and startups, they offer plans like those of Google Drive and Dropbox, with a fixed space and price. For companies, they offer on-demand plans like AWS or Google Cloud, where they pay for space consumed.
INVESTMENT AND GOALS
To launch the product, the young entrepreneur needed around €500,000, without external investors and without carrying out a round of financing. However, the company has participated in the Google Startup Program and Y Combinator Startup School, the two programs where it was chosen to provide the necessary tools and resources and do so equity-free.
Internxt’s current strategy is to start promoting X Cloud for individuals, and it has set itself the goal of reaching 15,000 users by the end of 2019, thus starting with its sales strategy in 2020 and becoming profitable. The company, despite having an office in Spain, already has customers in the 5 continents.