Moglix Raises $120M in Series B; Valued at $1 Billion
18 May, 2021
– Wasabi, a Boston, MA-based hot cloud storage company, raised $112M in Series C funding.
– The round was led by Fidelity Management & Research Company with participation from existing investors.
– The new funding will be used to expand the company’s network of resellers, technology alliance partners, and distributors, open data centers in many new international markets, to grow its internal team across all fronts including development, sales, support, marketing, administration and operations, to make further investments in building its brand internationally and providing additional marketing support for its channel partners.