Using the large cloud computing providers is convenient, but not exactly cheap. Ubicloud, a new startup founded by the team behind Citus Data, which
  • 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.
  • qaz@lemmy.worldEnglish
    1·
    10 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.