Cloudflare has announced its new R2 offering, object storage for edge computing for large amounts of data. The company aims for the product to compete with AWS S3.
- R2 is designed to store application data and offers replication across multiple regions and jurisdictional support.
- Cloudflare claims to reduce storage costs by 10% by removing egress fees.
- R2 storage prices start at $0.015 per GB for the first 50 TB per month.
- "I think that we really think we’re on the path to be the fourth major public cloud," said Cloudflare CEO Matthew Prince.