# Wasabi Technologies

> S3-compatible cloud storage provider offering predictable object-storage pricing; raised $70M equity at $1.8B valuation and secured a separate $250M credit facility in 2026.

## Why it is interesting

Wasabi's 2026 financing mixes two materially different capital types: $70M of equity at a $1.8B private valuation and a $250M credit facility that is debt, not another venture round. The company also sells differentiated storage performance classes for AI workloads, making its economics a useful contrast with the major hyperscalers.

## Profile

- **Latest funding:** Equity funding — $70M (January 13, 2026)
- **Latest known valuation:** Not an equity valuation (April 21, 2026)
- **Total disclosed equity funding:** $70M
- **Stage:** growth
- **Status:** private
- **Industries:** infra-cloud, ai-ml
- **Coverage:** full
- **Last updated:** 2026-10-29
- **Latest funding investors:** L 2 Point Management, Pure Storage, Fidelity Management & Research Company

## Key facts

- Jan 13, 2026: $70M new equity led by L 2 Point Management at $1.8B private valuation.
- Apr 21, 2026: $250M credit facility; debt financing, not another equity round.
- Company said it operated 16 global storage regions with more than 3 exabytes under management in January 2026.
- Sep 10, 2026: announced a dedicated AI business for AI labs and neocloud providers.

## Funding history

- Credit facility (debt, not equity) · Up to $250M debt facility · April 21, 2026
  Source: https://wasabi.com/company/newsroom/press-releases/wasabi-technologies-closes-250m-credit-facility-to-expand-cloud-storage-innovation
- Equity funding · $70M · January 13, 2026
  Source: https://wasabi.com/company/newsroom/press-releases/wasabi-raises-70m-in-new-equity-to-power-the-next-era-of-data-infrastructure

## Investors in our directory

- https://venturecapitaltracker.com/fund/alumni-ventures

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/wasabi-technologies