Wasabi, the hot cloud storage company, has secured USD112 million in Series C funding led by Fidelity Management & Research Company with participation from existing investors.
The round follows Wasabi’s USD27.5 million in debt financing announced in January. The C round brings Wasabi’s total equity financing to USD219 million.
Proceeds from this funding will be used to expand the company’s network of resellers, technology alliance partners, and distributors, open data centres in many new international markets, and to significantly grow its internal team across all fronts including development, sales, support, marketing, administration and operations. The company will also use the proceeds to make further investments in building its brand internationally and providing additional marketing support for its channel partners.
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