Fidelity Management & Research Company led a $112m Series C in Wasabi.

Fidelity Management & Research Company, an investment advisory firm, led a $112m Series C in Wasabi, a cloud storage company. “This new funding is a watershed event for Wasabi. With revenues tripling for each of the last 3 years and over $100M of new investment led by one of the world’s largest and most prestigious financial institutions, our customers will know that their data is in the hands of a reliable, fast-growing company with the substantial resources to meet their growing needs. Storing the world’s data in the cloud is one of the biggest opportunities in the IT industry, and we are now well-positioned to secure a leadership role in the evolution of the cloud. We will continue to invest in our proprietary software, grow our channel, enhance our brand and expand storage capacity around the world,” David Friend, Wasabi CEO & Co-Founder.