DVI Equity Partners Invests in Wasabi

DVI Equity Partners, LLC (DVI) announced its investment of venture capital funds and strategic business expertise in Wasabi Technologies, Inc., a hot cloud storage company taking its technology global to serve a growing demand by data-rich industries and the public sector for less expensive, faster and more secure cloud storage.

According to analyst Sushrutha Sadashiva at Frost & Sullivan, a market research and consultancy focused on opportunities driven by disruptive technologies, megatrends, emerging markets and new business models, Wasabi’s security-oriented cloud storage architecture and competitive pricing model has set a benchmark among its peers, thereby disrupting the cloud storage framework dominated by large companies such as Amazon, Google and Microsoft.

“We believe Wasabi is well on its way to becoming an international hot cloud storage leader,” said DVI managing partner Robert Griffin. “It’s been said that data is the new oil and the growth of big data continues to accelerate. In fact, the current trend among data-rich industries like media, entertainment, video surveillance and education is a two-fold increase in the need for hot cloud storage annually. The leaders at Wasabi recognized this significant market trend and have leveraged their storage expertise to capitalize upon it, and we are pleased to support their ongoing success.“

In addition to participating in the series B financing round that netted Wasabi $68 million from a combination of industry veterans and family offices, DVI Equity Partners is providing growth strategy guidance, talent recruitment assistance and helping to expand public sector markets for Wasabi.

“Wasabi’s success in expanding and capitalizing on major storage market trends is dependent on a collaboration of many factors, not the least of which are partnerships with companies like DVI,” said Wasabi co-founder and CEO David Friend. “In addition to capital, DVI is opening doors into new markets and contributing to a strategic mindset that supports, sustains and increases our ability to be a global hot storage game changer.“

Read also:
Wasabi Secures $68 Million Series B Funding Round
From industry veterans and family offices
2018.09.13 | Press Release