Wasabi Secures Investment From NTT Docomo Ventures

Wasabi Technologies, Inc. announced that NTT DOCOMO Ventures, Inc., a wholly-owned subsidiary of NTT DOCOMO, has invested in the company as part of its growing portfolio of cloud technologies which will play a crucial role in the future growth of AI, IoT, big data, and digital government services.

Wasabi’s expertise is focused on technology that delivers hot cloud storage at 1/5th the price of Amazon and faster than competitors with no charges for egress or API requests.

NTT DOCOMO invests globally on behalf of NTT group companies to facilitate strategic relationships with innovative start-ups, seeking to enter the Japanese market.

Together, Wasabi, and NTT group companies such as NTT Communications will leverage innovation in cloud storage in a way that addresses the changing needs of an increasingly mobile and digital global society.

Recognized as a tier one international investment firm, the capital raised from NTT DOCOMO ventures will be used to help fuel Wasabi’s international expansion including operations and a presence in the AsiaPac.

David Friend, CEO, Wasabi stated: “We are honored to have an esteemed investment partner like NTT DOCOMO Ventures as it validates Wasabi as a true international player and puts us in a strong position for future expansion. The demand for affordable, reliable, and fast cloud storage will continue to accelerate as businesses move from on-premises storage and migrate to the cloud to stay relevant. With partners like NTT Communications and other NTT group companies, hot cloud storage will be available globally with new Wasabi data centers opening in Asia and Europe and beyond.”