Tech Company Financing Transactions
Wasabi Technologies Funding Round
Wasabi Technologies, based in Boston, secured $25 million from Prosperity7 Ventures and Western Digital.
Transaction Overview
Company Name
Announced On
5/21/2021
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
Prosperity7 Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the capital to: accelerate its worldwide roll-out of data centers, grow its distribution channels and partner network, and build the team.
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
111 Huntington Ave.
Boston, MA 02119
USA
Boston, MA 02119
USA
Phone
Website
Email Address
Overview
Wasabi is the hot storage company. Hot 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 storage is 1/5th the price and 6x the speed of S3.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Friend
Chief Financial Officer
Michael Bayer
Chief Marketing Officer
Michael Welts
Chief Operating Officer
Marty Falaro
Chief Technical Officer
Jeffrey Flowers
Vice President
Kurt Bertone
Vice President
Kaz Kuroda
VP - Marketing
Laurie Mitchell
VP - Operations
Vin Antarkar
VP - Product Management
James Donovan
VP - Regulatory Affairs
Mark Irivinti
VP - Sales
Richard Czech
VP - Sales
Whit Jackson
VP - Sales
Sue Nolin
Browse more venture capital transactions:
Prev: 5/21/2021: Sunbit venture capital transaction
Next: 5/21/2021: Immuta venture capital transaction
Share this article
News on VC Transactions
We do our best to document every notable VC transaction. VC transactions on this site are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs