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Wasabi raises $30M more to take on giants in cloud storage space

  • Crunchbase News
  • this week
  • Wasabi Technologies, which describes itself as a “hot” cloud storage company, announced the close of a $30 million extension to its Series B round.
  • Switzerland-based Forestay Capital led the financing, which also includes participation from existing investors Ron Skates, former CEO of Data General; Greylock founding partner Howard Cox; and Desh Deshpande.
  • Wasabi plans to use its new capital primarily to expand its infrastructure and capacity. It also plans to extend its hot cloud storage service to Canada and additional markets in Europe, APAC and Latin America through managed service providers and other channel partners.
Wasabi raises $30M more to take on giants in cloud storage space
Valuation

$62.5M

Funded over

7 rounds

Latest round

IPO (Aug 2011)