{"id":165066,"date":"2026-01-14T08:16:00","date_gmt":"2026-01-14T08:16:00","guid":{"rendered":"https:\/\/www.intelligentcio.com\/eu\/2026\/01\/14\/wasabi-raises-us70m-in-new-equity-to-scale-ai-first-cloud-storage-at-us1-8-billion-valuation\/"},"modified":"2026-01-14T08:16:01","modified_gmt":"2026-01-14T08:16:01","slug":"wasabi-raises-us70m-in-new-equity-to-scale-ai-first-cloud-storage-at-us1-8-billion-valuation","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/eu\/2026\/01\/14\/wasabi-raises-us70m-in-new-equity-to-scale-ai-first-cloud-storage-at-us1-8-billion-valuation\/","title":{"rendered":"Wasabi raises US$70m in new equity to scale AI-first cloud storage at US$1.8 billion valuation"},"content":{"rendered":"\n

Wasabi expanding into AI infrastructure, global regions and next-generation data services backed by L2 Point and Pure Storage.<\/em><\/p>\n\n\n\n

Wasabi Technologies, the Hot Cloud Storage company, has announced a US$70m equity funding round led by L2 Point Management with participation from Pure Storage and existing investors including Fidelity Management and Research Company.<\/p>\n\n\n\n

The new round values Wasabi at US$1.8 billion and brings the company\u2019s total funding to more than US$600 million.<\/p>\n\n\n\n

The capital will be used to accelerate Wasabi\u2019s 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.<\/p>\n\n\n\n

\u201cWe\u2019re ushering in the next generation of cloud storage, powering data-intensive workloads like generative AI and autonomous systems,\u201d said David Friend, Co-founder and CEO, Wasabi Technologies.<\/p>\n\n\n\n

\u201cThis funding underscores Wasabi\u2019s strong market position and continued growth as enterprises and AI developers alike seek a better, more predictable alternative to the hyperscalers.\u201d<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The company expanded its AI portfolio with Wasabi AiR, hot cloud storage with AI-powered metadata tagging and Wasabi Fire, 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.<\/p>\n\n\n\n

Wasabi has also strengthened its data security capabilities with multi-user authorisation and Covert Copy, a patent pending ransomware-resistant solution that ensures critical data remains invisible and untouchable even in the event of a cyberattack.<\/p>\n\n\n\n

\u201cStorage may not receive the same attention as GPUs, but without it, the use of AI tools and technology grinds to a halt,\u201d said Kerstin Dittmar, Managing Partner and Chief Investment Officer, L2 Point.<\/p>\n\n\n\n

\u201cWasabi\u2019s innovative solutions help to make storage both high-performance and affordable and we look forward to supporting the company\u2019s next stage of growth.\u201d<\/p>\n\n\n\n

Wasabi\u2019s momentum reflects accelerating AI-driven data growth and shifting industry demands as organisations look to harness data for a competitive advantage.<\/p>\n\n\n\n

Pure Storage\u2019s investment deepens the alliance between two storage innovators, aligning their strengths to meet surging demand across these workloads.<\/p>\n\n\n\n

\u201cAI 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,\u201d said Krishna Gidwani, Vice President, Strategy and Corporate Development, Pure Storage.<\/p>\n\n\n\n

\u201cOur investment reflects a shared focus on building the next generation of AI infrastructure that is intelligent by design and simple to deploy and operate.\u201d<\/p>\n\n\n\n

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. The company also supports AI businesses and data retrieval workloads requiring cost-effective archiving.<\/p>\n\n\n\n

Customers around the globe including iHeartMedia, the Boston Red Sox, Liverpool Football Club, Toshiba and Ivy League universities such as Cornell trust Wasabi to safeguard their critical data so they can focus on innovating.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wasabi expanding into AI infrastructure, global regions and next-generation data services backed by L2 Point and Pure Storage. Wasabi Technologies, the Hot Cloud Storage company, has announced a US$70m equity funding round led by L2 Point Management with participation from Pure Storage and existing investors including Fidelity Management and Research Company. The new round values […]<\/p>\n","protected":false},"author":58,"featured_media":165067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42,4,573,93],"tags":[19517,24068,1486,8453,16793,22367,24069,12905],"class_list":["post-165066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-cloud","category-features","category-top-stories","tag-ai-infrastructure","tag-cloud-economics","tag-cloud-storage","tag-data-infrastructure","tag-enterprise-data","tag-funding-round","tag-hot-cloud-storage","tag-wasabi-technologies"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/165066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=165066"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/165066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/165067"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=165066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=165066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=165066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}