Wasabi Technologies Raises Additional $15 Million in Series D Funding

by Kay Aloha Villamor in December 29th, 2022

Wasabi Technologies, a Boston, MA-based hot cloud storage company has completed its Series D funding round with an additional $15 million in new equity headlined by Azura, SiS Cloud Global Tech Fund 8, and existing investors, including Prosperity7 Ventures.

Following $125M in equity closed in September 2022, the additional. The funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility, the company raised over $500 million to date, most recently on a$1.1 billion valuation.

Wasabi provides fast, affordable, and highly reliable cloud data storage for businesses all over the world at 1/5th the cost of large hyperscale providers or on-premises storage, with no charges for egress or API requests and no complex tiering.

The company also recently released Cloud Sync Manager, which allows customers to migrate their data out of expensive hyperscale environments like AWS directly to Wasabi for pennies on the dollar.

Wasabi is now trusted by over 40,000 customers, including the Boston Red Sox and Liverpool Football Club. It has 250+ global employees and 13 storage regions across North America, Europe, and Asia Pacific.

Its partner ecosystem of 14,000 boasts most of the world’s leading backup, disaster recovery, and surveillance companies.

Company: Wasabi Technologies, Inc.

Raised: $15.0M

Round: Series D

Funding Month: December 2022

Lead Investors: Azura, SiS Cloud Global Tech Fund 8

Additional Investors: Prosperity7Ventures

Company Website: https://wasabi.com/

Software Category: Hot Cloud Storage

About the Company: Founded in 2015 by Carbonite co-founders David Friend and Jeff Flowers, Wasabi is a privately held company based in Boston. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the competition's price, with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology's fastest-growing and most visionary companies. Wasabi collaborates with 350 technology firms, including the world's biggest backup, disaster recovery, and surveillance organizations. Wasabi stores data in professional sports, energy and natural resources, finance, surveillance, education, manufacturing, consumer technology, healthcare, scientific research, and media and entertainment. The company is a proud partner of the Boston Red Sox and the official cloud storage partner of Liverpool Football Club and the Boston Bruins.


Source: https://techfundingnews.com/liverpool-football-clubs-official-cloud-storage-partner-wasabi-gets-15m-funding/





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