- At a $1.8 billion valuation, backed by L2 Point and Pure Storage, the company scales AI-first cloud storage to meet the explosive demands of modern data
Wasabi Technologies (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2F&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Wasabi+Technologies&index=1&md5=c49c89f93e0656fea647803cf9123b55), the Hot Cloud Storage company, today announced a $70 million equity funding round led by L2 Point Management with participation from Pure Storage and existing investors including Fidelity Management & Research Company. The new round values Wasabi at $1.8 billion and brings the company’s total funding to over $600 million. The capital will be used to accelerate Wasabi’s expansion into AI infrastructure, broaden its global footprint, and enhance its product portfolio to meet the growing data demands of enterprises and AI developers worldwide.
“We’re ushering in the next generation of cloud storage, powering data-intensive workloads like generative AI and autonomous systems,” said David Friend, co-founder and CEO of Wasabi Technologies. “This funding underscores Wasabi’s strong market position and continued growth as enterprises and AI developers alike seek a better, more predictable alternative to the hyperscalers.”
Wasabi disrupted the cloud storage model in 2017 with its flagship Hot Cloud Storage, delivering versatile, cost-predictable storage with no fees for egress or API requests. The company expanded its AI portfolio with Wasabi AiR (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fwasabi-air&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Wasabi+AiR&index=2&md5=7d0be9c0f4d7b124fab4c2ac6b8f9d6d), hot cloud storage with AI-powered metadata tagging, and Wasabi Fire (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fwasabi-fire&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Wasabi+Fire&index=3&md5=9976ef64ddc29901fce9dbebb9bf4a44), an NVMe storage class for compute-intensive AI and ML training, real-time inference, data logging, and media pipelines with no egress or hidden charges. Wasabi also strengthens data security with multi-user authorization and Covert Copy (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fcovert-copy&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Covert+Copy&index=4&md5=016d205d2a23722c64ebeaaa98498ce9), a patent pending, ransomware-resistant solution that ensures critical data remains invisible and untouchable, even in the event of a cyberattack.
“Storage may not receive the same attention as GPUs, but without it, the use of AI tools and technology grinds to a halt,” said Kerstin Dittmar, Managing Partner and Chief Investment Officer of L2 Point. “Wasabi’s innovative solutions help to make storage both high-performance and affordable, and we look forward to supporting the company’s next stage of growth.”
Wasabi’s momentum reflects accelerating AI-driven data growth and shifting industry demands as organizations look to harness data for a competitive advantage. Pure Storage’s investment deepens the alliance between two storage innovators, aligning their strengths to meet surging demand across these workloads.
“AI is changing the way enterprises manage and store data. Wasabi is demonstrating strong execution in delivering scalable, low-cost cloud storage built for AI ready data environments without added complexity or unpredictable costs,” said Krishna Gidwani, Vice President, Strategy and Corporate Development, Pure Storage. “Our investment reflects a shared focus on building the next generation of AI infrastructure that is intelligent by design and simple to deploy and operate.”
With more than three exabytes under management and 16 global regions, Wasabi partners with leading companies across backup, cyber resilience, media and entertainment, and enterprise technology, while supporting AI companies and data retrieval workloads requiring cost-effective archiving. Customers around the globe like iHeartMedia (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fiheartmedia&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=iHeartMedia&index=5&md5=44371e21da808a4e6d74a5f326a3353d), the Boston Red Sox (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fboston-red-sox-cloud-storage&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Boston+Red+Sox%2C&index=6&md5=70082178d843ceb7ae02acb51445924b), Liverpool Football Club (https://wasabi.com/resources/case-studies/liverpool-football-club), Toshiba (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Ftoshiba&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Toshiba&index=8&md5=61aed1fb50d0bbe00c315968ae7e8d34), and Ivy League universities like Cornell (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fcornell-university&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Cornell&index=9&md5=d4376372a79dd394f1bde2d6e994ea03) trust Wasabi to safeguard their critical data so they can focus on innovating.
For more information, visit wasabi.com (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=wasabi.com&index=10&md5=cff600cf9574a032243c6b02583ac6f0)
About Wasabi Technologies
Recognized as one of the technology industry’s fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they’re free to build best-of-breed solutions with the industry’s fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit wasabi.com to learn more.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260113659331/en/
언론연락처: Wasabi Technologies Lindsay Daly Senior Director of Corporate Communications
이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.
“We’re ushering in the next generation of cloud storage, powering data-intensive workloads like generative AI and autonomous systems,” said David Friend, co-founder and CEO of Wasabi Technologies. “This funding underscores Wasabi’s strong market position and continued growth as enterprises and AI developers alike seek a better, more predictable alternative to the hyperscalers.”
Wasabi disrupted the cloud storage model in 2017 with its flagship Hot Cloud Storage, delivering versatile, cost-predictable storage with no fees for egress or API requests. The company expanded its AI portfolio with Wasabi AiR (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fwasabi-air&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Wasabi+AiR&index=2&md5=7d0be9c0f4d7b124fab4c2ac6b8f9d6d), hot cloud storage with AI-powered metadata tagging, and Wasabi Fire (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fwasabi-fire&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Wasabi+Fire&index=3&md5=9976ef64ddc29901fce9dbebb9bf4a44), an NVMe storage class for compute-intensive AI and ML training, real-time inference, data logging, and media pipelines with no egress or hidden charges. Wasabi also strengthens data security with multi-user authorization and Covert Copy (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fcloud-object-storage%2Fcovert-copy&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Covert+Copy&index=4&md5=016d205d2a23722c64ebeaaa98498ce9), a patent pending, ransomware-resistant solution that ensures critical data remains invisible and untouchable, even in the event of a cyberattack.
“Storage may not receive the same attention as GPUs, but without it, the use of AI tools and technology grinds to a halt,” said Kerstin Dittmar, Managing Partner and Chief Investment Officer of L2 Point. “Wasabi’s innovative solutions help to make storage both high-performance and affordable, and we look forward to supporting the company’s next stage of growth.”
Wasabi’s momentum reflects accelerating AI-driven data growth and shifting industry demands as organizations look to harness data for a competitive advantage. Pure Storage’s investment deepens the alliance between two storage innovators, aligning their strengths to meet surging demand across these workloads.
“AI is changing the way enterprises manage and store data. Wasabi is demonstrating strong execution in delivering scalable, low-cost cloud storage built for AI ready data environments without added complexity or unpredictable costs,” said Krishna Gidwani, Vice President, Strategy and Corporate Development, Pure Storage. “Our investment reflects a shared focus on building the next generation of AI infrastructure that is intelligent by design and simple to deploy and operate.”
With more than three exabytes under management and 16 global regions, Wasabi partners with leading companies across backup, cyber resilience, media and entertainment, and enterprise technology, while supporting AI companies and data retrieval workloads requiring cost-effective archiving. Customers around the globe like iHeartMedia (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fiheartmedia&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=iHeartMedia&index=5&md5=44371e21da808a4e6d74a5f326a3353d), the Boston Red Sox (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fboston-red-sox-cloud-storage&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Boston+Red+Sox%2C&index=6&md5=70082178d843ceb7ae02acb51445924b), Liverpool Football Club (https://wasabi.com/resources/case-studies/liverpool-football-club), Toshiba (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Ftoshiba&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Toshiba&index=8&md5=61aed1fb50d0bbe00c315968ae7e8d34), and Ivy League universities like Cornell (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com%2Fresources%2Fcase-studies%2Fcornell-university&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=Cornell&index=9&md5=d4376372a79dd394f1bde2d6e994ea03) trust Wasabi to safeguard their critical data so they can focus on innovating.
For more information, visit wasabi.com (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwasabi.com&esheet=54392971&newsitemid=20260113659331&lan=en-US&anchor=wasabi.com&index=10&md5=cff600cf9574a032243c6b02583ac6f0)
About Wasabi Technologies
Recognized as one of the technology industry’s fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they’re free to build best-of-breed solutions with the industry’s fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit wasabi.com to learn more.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260113659331/en/
언론연락처: Wasabi Technologies Lindsay Daly Senior Director of Corporate Communications
이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.
ⓒ BIZ PAPER & bizpaper.co.kr 무단전재-재배포금지
전체댓글 0
실시간뉴스
추천뉴스
정치
more +
![‘솔로 데뷔 D-DAY’ NCT 마크, “‘The Firstfruit’는 제 인생을 바탕으로 만든 앨범” [일문일답]](/data/news/202504/news_1744347206.1.jpg)
포토뉴스
more +-
한-일 인디밴드를 연결하는 ‘Reciprocity 2026’ 올해도 개최
한일 인디 음악 교류 프로젝트 ‘Reciprocity 2026’가 올해도 개최된다.‘Reciprocity’는 한국과 일본의 인디 밴드들이 한 무대에서 만나 교류하는 시리즈 공연으로, 양국 음악 씬의 새로운 연결을 만들어가는 것을 목표로 한다.하루짜리 페스티벌의 형식으로 개최됐던 ‘Reciprocity 2025’와는 달리 이번 ‘Reciprocity 202... -
도서출판 미래지식 ‘일론 머스크 X, 속도의 제국’ 출간
도서출판 미래지식은 ‘일론 머스크 X, 속도의 제국’을 출간했다고 27일 밝혔다.인류 역사상 가장 거대한 ‘속도의 제국’은 어떻게 만들어지는가?이 책은 한 인물의 성공과 일생을 다루는 전기가 아니다. 머스크의 손에서 펼쳐지는 미래 산업을 관통하는 전략서다. ‘일론 머스크 X, 속도의 제국’은 테슬라, 스페이스X, xAI... -
일리윤 ‘몬치치’ 협업 기획세트 출시
아모레퍼시픽 더마 브랜드 일리윤이 글로벌 캐릭터 ‘몬치치’와 K-더마 브랜드 컬래버레이션 기획세트를 선보인다.일리윤은 이번 협업에서 베스트셀러인 ‘세라마이드 아토’ 라인 집중 크림과 로션, ‘탑투토워시’ 그리고 ‘프레쉬 모이스춰 스크럽 워시’ 제품을 몬치치 캐릭터와 결합한 ‘산뜻 보습 봄 피크닉 탐험대’ 콘셉... -
한국인 최초 러시아 국제 오르간 콩쿠르 우승자 ‘박성현 파이프 오르간 콘서트’ 개최
오는 2026년 4월 23일(목) 오후 7시 30분, 롯데콘서트홀에서 ‘박성현 파이프 오르간 콘서트’가 열린다. 이번 공연은 한국인 최초로 러시아 국제 오르간 콩쿠르에서 우승한 오르가니스트 박성현의 무대로, 약 5000개의 파이프에서 울려 퍼지는 장엄한 오르간 사운드를 통해 깊이 있는 울림과 감동을 선사할 예정이다.공연...
