Boston, MA – According to filings with the U.S. Securities and Exchange Commission, Wasabi Technologies is raising $250,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, David Friend played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Wasabi Technologies
Wasabi is the hot cloud storage company. Hot cloud storage is fast to write, low-cost, and reliable cloud storage. Wasabi delivers fast, low-cost, and reliable cloud storage. Amazon locks companies into their expensive storage and nobody likes vendor lock-in. Wasabi Hot Cloud Storage is 1/5 the price of Amazon S3 and faster than the competition with no fees for egress or API requests.

To learn more about Wasabi Technologies, visit http://www.wasabi.com/

Contact:
David Friend, Chief Executive Officer
617-307-7912
https://www.linkedin.com/in/david-friend-3660832/

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