Fidelity led a series C round for NTT Docomo-backed cloud storage services provider Wasabi that increased its valuation to $700m.

Wasabi, a US-based hot cloud storage provider backed by mobile network operator NTT Docomo, collected $112m yesterday in a series C round led by investment and financial services firm Fidelity. The round included unnamed existing backers and followed $27.5m in debt financing from MGG Investment Group in January 2021. The company said it has raised…

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