Wasabi Technologies secured 70 million dollars in equity funding at a 1.8 billion dollar valuation t...
The AMW Read
Updates the player map for AI-optimized storage, but the $70M funding round fails the $500M threshold for cross.§D tagging.
NoveltySignificance
Data Infra · Player Map
Wasabi Technologies secured 70 million dollars in equity funding at a 1.8 billion dollar valuation to scale its AI-first cloud storage. With over 3 exabytes under management, the capital fuels specialized products like Wasabi Fire for NVMe-class AI training and inference. This signals a systemic shift where storage is no longer a passive archive but an active catalyst for high-performance AI stacks. By removing egress fees, Wasabi is directly challenging the hyperscaler model. 🚀