Cloud storage startup Wasabi raises $250 mn, becomes unicorn

Boston-based cloud storage startup Wasabi Technologies has become unicorn after raising $250 million in Series D funding. The funding, which is part equity ($125 million) and part debt ($125 million), brought Wasabi's total raised to over $400 million and values the company at over $1.1 billion. The funding was led by L2 Point Management, with participation from Cedar Pine.

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