Apr, 2026 : Wasabi Secures $250M To Expand Cloud Storage Reach

📅 April 22, 2026 - Wasabi Technologies has secured a $250 million credit facility as it looks to scale its cloud storage platform amid rising demand driven by AI workloads. The financing, led by Bain Capital's Private Credit Group, comes as the company continues expanding globally and investing in infrastructure, following a recent acquisition and fresh equity funding that pushed its valuation to $1.8 billion.

It is another signal that storage - not just compute - is becoming a focal point in the AI cycle. Training models, moving data, keeping it accessible at scale. All of that depends on storage behaving differently than it did even a few years ago.

The timing is not accidental. Private credit markets [...][... Check source for end of article ...]

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Company: Wasabi

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