Cloud Hosting

Funding For Growth

Wasabi, a Boston-based developer of cloud storage technology, this week unveiled a new round of funding that brought it $30 million, bringing total funding to $110 million.

Wasabi was founded by David Friend, a serial entrepreneur who was best known as one of the co-founders of Carbonite. Friend is taking an unusual route in fundraising, depending on family offices instead of venture capital investors as a way to keep control of the company in local hands and be more able to focus on long-term plans.

Friend recently spoke with CRN about the investment, the competitive cloud storage environment the company faces, and the positive and negative impacts it is seeing from the COVID-19 coronavirus pandemic.

Here is how this fast-growing company is faring and what it expects going forward.

See the article here:
Wasabi CEO David Friend: New $30 Million Funding Round Comes From 'Family Offices,' Not Venture Capital - CRN: Technology news for channel partners...