21Mar
08Dec
Wasabi Technologies Completes Series D Round with $15M in New Funding from Azura, SiS Cloud Global Tech Fund 8, and Prosperity7 Ventures
Wasabi Technologies, the hot cloud storage company, today 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 funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility, the company has now raised over $500M to date, most recently on a $1.1B valuation. Wasabi provides fast, affordable,...
20Oct
Meet The New Unicorns Minted In September 2022
Twelve companies joined The Crunchbase Unicorn Board in September 2022, adding $19.6 billion in value to the board. These companies have raised $3.8 billion total in funding with 62% of that amount raised in September 2022. Wasabi on list. Read more >>
15Oct
Wasabi continues Asian partner expansion, adds new regional leader
Wasabi Technologies has chosen Sunny Chua as its Southeast Asia country manager, with the remit of enabling partners and customers in the region to accelerate digital transformation initiatives. Read more >>
14Oct
With VC Funding Down 53%, Wasabi Technologies Defies The Odds — Raising $250 Million
It’s hard for startups to raise money these days. So when a startup raised a quarter of a billion dollars last month, it got my attention. Such odds-defying startups offer valuable lessons for all startup CEOs. This comes to mind in considering the news that Boston-based cloud storage company, Wasabi Technologies, closed a $250 million round of funding last month at a $1.1 billion valuation, according to a company press release. Read more >>
30Sep
Wasabi CEO David Friend: $250M Funding To Double Channel Reach, Fuel Global Expansion
Boston-based cloud storage company Wasabi Technologies this week said it has raised an additional $250 million in funding, half of which came from private equity and other institutional investors and half from debt, and said the company now has a valuation of over $1.1 billion. The new funding represents a big bet on Wasabi, which is using its large channel and alliance partner base to compete against cloud giants like Amazon Web Services by promising to provide cloud storage for...
30Sep
Boston cloud startup raises big round to take on Amazon and Google
Boston entrepreneur David Friend has cofounded a half-dozen startups over the past 40 years, but he has never had such a tough time raising money as in 2022. Read more >>
28Sep
Cloud-Storage Firm Wasabi Reaches $1.1 Billion Valuation
Wasabi Technologies Inc., a Boston-based cloud-storage startup, has reached unicorn status with its latest fundraising. Read more >>
28Sep
Wasabi Technologies Reaches Unicorn Status
Boston, MA September 27th, 2022, Boston Harbor Angels (BHA) is pleased to announce that Wasabi Technologies, one of its portfolio companies, has reached Unicorn status with the close of $250M round of investment. “We are very happy for Wasabi Technologies, investors and Wasabi employees,” says Ziad Moukheiber, President and CEO of Boston Harbor Angels. “David Friend, Founder and CEO of Wasabi Technologies is an exceptional entrepreneur. BHA is thrilled to have been part of this journey from the beginning and we...
28Sep