-founder and CEO of Wasabi Technologies. “This funding underscores Wasabi’s strong market position and continued growth as enterprises and AI developers alike seek a better, more predictable alternative to the hyperscalers.”

Wasabi disrupted the cloud storage model in 2017 with its flagship Hot Cloud Storage, delivering versatile, cost-predictable storage with no fees for egress or API requests. The company expanded its AI portfolio withWasabi AiR, hot cloud storage with AI-powered metadata tagging, andWasabi Fire, an NVMe storage class for compute-intensive AI and ML training, real-time inference, data logging, and media pipelines with no egress or hidden charges. Wasabi also strengthens data security with multi-user authorization andCovert Copy, a patent pending, ransomware-resistant solution that ensures critical data remains invisible and untouchable, even in the event of a cyberattack.

“Storage may not receive the same attention as GPUs,
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