Exaba Raises $12M Seed
Exaba raises $12M in seed funding to expand its sovereign cloud storage platform and help managed service providers reduce costs compared to hyperscalers.
Exaba Raises $12M Seed
Exaba, a New Zealand based data storage startup, has secured nearly $12 million in seed funding to develop and expand its sovereign hosted cloud storage solutions. The company provides a software-defined storage platform aimed at helping managed service providers (MSPs) compete with major hyperscalers.
Investors
There were no specific investors named in the source article for this funding round.
Exaba Use of Funds
Exaba plans to utilize the capital to develop its sovereign hosted cloud storage solutions and to support the company's planned expansion into the United States market.
About Exaba
Founded in 2024, Exaba was co-founded by CEO Peter Boyle and CTO Stuart Inglis. The company provides an S3-compatible, object storage platform designed for backup, archive, and long-term storage workloads. Its software-defined solution is designed to allow service providers to offer a modern, cost-effective alternative to hyperscalers by keeping data storage local and reducing unpredictable egress fees.
Funding Details
Company Website: https://exaba.com
Company: Exaba
Raised: $12M
Round: Seed
Funding Date: June 10, 2026
Software Category: Cloud Storage
Source: https://www.reseller.co.nz/article/4183188/exaba-secures-almost-12m-to-for-sovereign-cloud-storage-alternative.html
