Internxt is a privacy-focused technology company that builds secure cloud storage and related services, emphasizing zero-knowledge encryption, post-quantum cryptography, and open-source principles to protect user data from surveillance and breaches.[1][2][5] It serves individuals (primarily 24-34-year-olds concerned with privacy) and businesses seeking alternatives to Big Tech providers like Dropbox or Google Drive, solving the problem of data exploitation by corporations through end-to-end encryption where only users hold access keys.[2][3][5] Founded in 2020 in Valencia, Spain, Internxt has achieved over one million active users, 100% year-over-year net revenue growth, multiple profitable quarters, recognition in Deloitte's Technology Fast 50, and EU government support, positioning it as a fast-scaling European challenger in secure cloud storage.[2][4]
Internxt was founded in 2020 by Fran Villalba Segarra, who envisioned an internet that prioritizes user privacy, security, decentralization, and open-source principles over corporate exploitation.[1][3][4] Emerging from a frustration with privacy-light Big Tech services, the idea crystallized into Internxt Drive, the flagship cloud storage product launched that year, built as the first with post-quantum encryption and zero-knowledge architecture.[2][5] Early traction came via organic online marketing and ads, securing the first 100 customers and scaling to nearly one million active users by mid-2025, fueled by EU public funding and a small but effective team.[3][4][8]
Internxt rides the surging demand for privacy-centric tech amid rising data breaches, regulatory pressures like GDPR, and quantum computing risks, offering a European antidote to U.S. Big Tech dominance.[2][5][8] Its timing capitalizes on post-2020 privacy awareness spikes and EU digital sovereignty pushes, with government backing amplifying growth in a market projected to favor secure, decentralized storage.[2][4] Market forces like eroding trust in centralized clouds and open-source momentum work in its favor, as Internxt influences the ecosystem by pioneering post-quantum standards and inspiring competitors like Proton or NordVPN in the privacy stack.[4][6]
Internxt is poised to expand its product suite—beyond Drive to full privacy tools—leveraging profitability, Fast 50 status, and 100% growth to capture enterprise segments and global markets.[2][4] Trends like quantum-resistant tech mandates, AI-driven threats, and stricter data laws will propel it, potentially evolving from storage specialist to comprehensive privacy platform leader. As the European privacy cloud benchmark, Internxt reinforces its founding mission: reclaiming data control in a surveillance-heavy digital world.[2][5]
Internxt has raised $3.0M in total across 1 funding round.
Internxt's investors include Forerunner Ventures, Founders Fund, Norwest Venture Partners, Redpoint Ventures, Revolution Ventures, Wildcat Ventures, Troy Carter.
Internxt has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in January 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2024 | $3.0M Seed | Forerunner Ventures, Founders Fund, Norwest Venture Partners, Redpoint Ventures, Revolution Ventures, Wildcat Ventures, Troy Carter |
