Wasabi, a Boston, MA–based hot cloud storage company, closed its $68m Series B financing round.
Backers included Forestay Capital, the tech fund of Swiss entrepreneur Ernesto Bertarelli, industry veterans and family offices.
The company intends to use the funds to expand internationally and to continue to invest in the brand.
Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a hot cloud storage company delivering low-cost, fast, and reliable cloud storage.
The company will open its first European data center later this year. Their second data center, located near Portland, OR, is already supporting customers from Asia. In the past six months alone, they introduced a cloud storage offering with unlimited free egress, introduced Wasabi Direct Connect, a high-speed, dedicated private connection directly to Wasabi, and benchmarked an ecosystem of over 100 partners currently integrating their solutions through its open API.
The company has acquired more than 3,000 customers across a wide range of industries including Media and Entertainment, Healthcare/Genomics research, Video Surveillance and Education, which have massive file storage and rapid data retrieval requirements.