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Wasabi raises $250 million to expand its cloud storage offering
Sept. 28, 2022, 11 p.m. | Industry News
Help Net Security www.helpnetsecurity.com
Wasabi Technologies has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG Investment Group to $125 million. Barclays acted as sole placement … More →
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