Jan, 2026 : Wasabi Raises $70M to Expand AI-First Cloud Storage

📅 January 14, 2026 - Wasabi Technologies has secured $70 million in new equity funding as it positions itself to play a larger role in the next phase of data infrastructure shaped by artificial intelligence and large-scale data growth. The round values the company at $1.8 billion and was led by L2 Point Management, with participation from Pure Storage and existing backers including Fidelity Management & Research Company.

With this raise, Wasabi's total funding now exceeds $600 million, underscoring sustained investor confidence in its cloud storage strategy.

Founded on the premise that cloud storage should be simple and cost predictable, Wasabi Technologies has steadily expanded beyond its original Hot Cloud [...][... Check source for end of article ...]

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