Wasabi Technologies

Wasabi is a hot cloud storage company that provides simple, predictable and affordable hot cloud storage for businesses all over the world.

Wasabi enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. 

Wasabi was founded in 2017 by David Friend and Jeff Flowers. The company is headquartered in Boston, Massachusetts.

 

Wasabi provides fast, affordable, and highly reliable cloud data storage for businesses all over the world at 1/5th the cost of large hyperscale providers or on-premises storage, with no charges for egress or API requests and no complex tiering.

 

Wasabi’s rapidly expanding customer base stores every imaginable type of data ranging from backups, DR and archiving to surveillance, medical imaging, big science, education, genomics, AI/ML data lakes, television, movies and government data.

 

Wasabi now has more than 40,000 customers in over 100 countries, 13,000 partners, 250+ global employees and 13 storage regions across North America, Europe, and Asia Pacific.

 

Wasabi is backed by Fidelity Management & Research Company, L2 Point Management, Forestay Capital, NTT DOCOMO Ventures, rocketship.vc, MGG Investment Group, Cedar Pine, Azura, Prosperity7 Ventures, SiS Cloud Global Tech Fund 8, and others. The company completed its Series D round with an additional $15M in equity on Dec 07, 2022, adding to the previous $125M raised in Sep 2022, to bring its Series D total equity to $150M. The additional investment brings Wasabi's all time raise to $551.2M to date. Wasabi was valued at over $1.1B from the 1st tranche of Series D in Sep 2022.

 

 

  • Year founded: 2017
  • Funding Info: $551.2M over 13 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1.1B as of Sep 27, 2022
  • City/Town: Boston
  • State: Massachusetts
  • Country: United States
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