- Wasabi, a Boston, MA-based hot cloud storage company, raised $27.5m in debt financing
- MGG Investment Group provided the facility, bringing total financing raised since launch to nearly $140m
- The company will use the funds to enhance its infrastructure, including constructing additional data centers in new geographies
- Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi provides cloud storage for businesses all over the world
- It enables organizations to store and instantly access data with no unpredictable egress fees
- In 2020, the company’s total storage expanded 150%, annual revenues grew by more than 3 times over 2019, and customer base increased to more than 21,000 businesses
