Crusoe Energy ‘significantly expansed’ cloud business

Crusoe Energy Systems (Crusoe), a solutions provider for the energy industry, has significantly expanded its cloud business.

Equipped with new capacity online and additional financing earmarked for further GPU purchases, Crusoe’s latest move marks an important milestone in the next phase of its mission to reduce the environmental impact of computing and provide customers with a reliable, sustainable, and cost-effective solution for AI workloads. This is a key moment for Crusoe...

30 October 2023 | Companies

$250m Wasabi Technologies funding will ‘usher in the future of cloud storage’

Wasabi Technologies, a cloud storage company, has achieved unicorn status following $250 million in new funding.

Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG...

4 October 2022 | Cloud Computing