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Wasabi Technologies is strengthening its market presence in Italy, appointing two new roles dedicated to market development. In January 2026, the company secured $70 million in funding, raising its valuation to $1.8 billion and total funding to over $600 million.

This funding aims to enhance AI infrastructure and global presence. In 2025, Wasabi focused on cyber resilience, predictable costs, and performance for data-intensive workloads. Innovations include Covert Copy for ransomware protection and Wasabi Fire for AI workloads. The partnership with Retelit integrates Wasabi's cloud storage into the Italian market, establishing local data capabilities.