Wasabi Technologies raises $70M as AI customers eclipse data backup business

​David Friend launched Wasabi in 2017 as a provider of cloud storage billed as faster and less expensive than Amazon Web Services. It was Friend’s seventh company, the fifth one he worked on alongside technical co-founder Jeff Flowers. Artificial intelligence-related storage has surpassed backup as Wasabi’s largest segment. 

Read More from Bizjournals.com Feed (2025-02-17 17:47:03)

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