North Atlantic Capital portfolio company Wasabi closes on $112M Series C funding round.

The round was led by Fidelity Management & Research Company with participation from existing investors, including North Atlantic. The Series C round valued Wasabi at $700 million.

IDC has recognized Wasabi for its unique cloud storage offering that meets both “hot” and “cold” specifications as a key differentiator in the global data storage market. Wasabi has tripled its revenue in each of the past three years.

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