AI & Enterprise
Wasabi raises $70 million in funding
Cloud storage company Wasabi has raised $70 million in new funding, SiliconANGLE reported on Thursday. The round valued the company at $1.8 billion. Wasabi said it will use the funds to respond to growing demand for storage optimized for AI workloads. The company is expanding beyond hard disk-based storage into high-performance storage that supports AI training and inference, and has launched NVMe-based storage for AI and machine learning.
