TUCSON, Ariz.--(BUSINESS WIRE)--DVI Equity Partners, LLC (DVI) today announced its investment of venture

capital funds and strategic business expertise in Wasabi Technologies, a

disruptive 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 leading

global 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 data 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 data 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 data

storage game changer.”

About Wasabi Technologies

Wasabi Technologies is a hot cloud storage company delivering low-cost,

fast and reliable cloud storage. Wasabi is 80% less expensive and 6x

faster than Amazon S3, with 100% data immutability protection and no

data egress feed. Co-founders and cloud storage pioneers David Friend

and Jeff Flowers created Wasabi as part of their mission to commoditize

the storage industry. Wasabi is a privately held company based in

Boston, MA. Visit wasabi.com

for additional information

ABOUT DVI Equity Partner, LLC

DVI Equity Partners, LLC was founded in spring of 2018 with the singular

mission to invest in early stage, emerging technology companies that

specialize in disruptive technology, with an emphasis on companies

founded and led by women and minorities. The firm evaluates emerging

technology companies that create B2B value in areas including national

security, enterprise software, artificial intelligence, and data storage

and analysis. DVI shares expertise, resource and forms relationships

with entrepreneurs to help them transform the way industries and the

public sectors conduct business. Visit http://www.dviequitypartners.com

for additional information.

Contacts

Diamond Ventures, Inc.

Priscilla Storm

520.577.0200