NTT Docomo-backed Wasabi plans to use the proceeds from the $30m round to expand its hot cloud storage service in international markets.
Wasabi, a US-based cloud storage technology provider that counts mobile network operator NTT Docomo as an investor, has completed a $30m financing round led by Forestay Capital.
Forestay Capital, the technology investment arm of family office Waypoint Capital, participated in the round along with undisclosed existing investors. It said its total funding now stands at $110m.
Founded in 2017, Wasabi offers hot cloud storage, a model where data can be easily and quickly accessible, but without the traditional approach of…
