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10 Hot Startups That Raised VC Funding In September

IoT and storage technology companies were among the startups that hauled in venture capital rounds in September.

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Wasabi

Headquarters: Boston

CEO: David Friend

Funding: $68 million

Investors: Forestay Capital, unnamed individuals and family offices

What it does: Provides a cloud storage service that promises to store data six times faster than can be done with Amazon S3, while charging only one-fifth of S3's price

CEO Quote: "The Series B financing will allow Wasabi to expand internationally, continue to invest in our brand, and enable us to compete for the largest storage deals in the world. Our objective is to make Wasabi into one of the world's most renowned cloud storage vendors … Fueled by our new funding from prominent entrepreneurs, financiers, and family offices, Wasabi will go global this year and cloud storage will become a utility like bandwidth or electricity – it will be cheap, fast and available everywhere."

 
 
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