SUNNYVALE, Calif.--(BUSINESS WIRE)--CloudScale Capital Partners, LLC today announced that it participated in a $10.8 million financing round in Boston-based start-up Wasabi Technologies, Inc.

"Wasabi is meeting the growing need for an easy to implement and highly cost-effective solution for large-scale data storage in the Cloud," said Stephen Diamond, managing partner of CloudScale Capital Partners. "We are pleased to be an investor in this disruptive solution."

About CloudScale Capital Partners

CloudScale Capital Partners, LLC, is a Venture Capital firm that invests in early-growth stage opportunities in Cloud Computing and the Internet of Things (IoT).

About Wasabi Technologies, Inc.

Wasabi is the hot storage company that delivers fast, low-cost, and reliable cloud storage. Wasabi hot storage is 1/5th the price and 6x the speed of Amazon S3. We hate vendor lock-in, so we made Wasabi 100% compatible with Amazon S3. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is on a mission to commoditize the storage industry. Wasabi is a privately held company based in Boston, MA.