Wasabi, a Boston, MA-based hot cloud storage company, raised $25m in additional funding.
The round was led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. Western Digital Capital, the investment arm of storage device manufacturer Western Digital, also participated in the round. This round is an extension of Wasabi’s Series C financing announced in April, expanding the total funding raised for the round to $137m and total equity financing to $244m.
The company intends to use the capital to:
- accelerate its worldwide roll-out of data centers,
- grow its distribution channels and partner network, and
- build the team.
Created by David Friend and Jeff Flowers, Wasabi provides hot cloud storage for businesses to store and access an infinite amount of data. The company serves 23,000 customers worldwide and has over 5,000 Channel Partners and 350 Technology Alliance Partners.
FinSMEs
20/05/2021