The world’s leading digital players choose the Netherlands

Cloud storage company Wasabi has announced plans to open its first European data centre in Amsterdam. The Boston tech firm’s new centre will see it expand into the European market, offering cloud storage services across the continent. The startup, which was founded in May 2017 and already provides cloud storage to thousands of customers, hopes to open the new centre in December. It will be based at Amsterdam’s Science Park, a move the firm says will ensure the best possible route choices and lowest latency and cost to customers in the EU.

The digital gateway to Europe

Wasabi, which recently closed a $68 million Series B funding round, claims that its services cost less than one-fifth of the price and are six times faster than Amazon’s S3. It also offers free, unlimited egress. The company’s announcement is another boon for Amsterdam’s already thriving Science Park, one of the largest concentrations of beta sciences in Europe and an internationally recognised hub for research, education and entrepreneurship. As host to the largest data transport hub in the world, the Amsterdam AMS-IX (Amsterdam Internet Exchange), more than 80 percent of Europe can be reached in just 50 milliseconds from the Science Park.

The world’s leading digital players choose the Netherlands

David Friend, Wasabi’s CEO, said: “Over 20 percent of our business comes from outside the United States despite not yet having opened our first international data centre. Our recent $68M capital raise was specifically aimed at enabling Wasabi’s global expansion to serve the rapidly growing customer demand for our hot cloud storage services. Amsterdam is the perfect initial location to establish our presence in the EU, and is the first of several planned international data centre expansions to take place over the next 12 to 18 months.”

Read more business news from around the Amsterdam Area.