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 Hot Cloud Storage is enterprise class, tier-free, instantly available and allows you to store an infinite amount of data affordably.

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


Wasabi enables organizations to store and instantly access an infinite amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Wasabi is democratizing cloud storage by making storage faster than AWS S3 & more cost effective than Glacier.


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 partners with some of the best names in backup and recovery, archiving, content delivery, media production collaboration and more. The company has 22,000 customers worldwide, and Wasabi’s channel network more than doubled to over 5,000 partners worldwide.


Wasabi is backed by Fidelity Management & Research Company, Forestay Capital, NTT DOCOMO Ventures, rocketship.vc, MGG Investment Group and others. The company raised  $112M in Series C round on Apr 29, 2021. This brings Wasabi's total funding to $261.2M to date. The latest round valued the company at $700M post-money.



  • Year founded: 2017
  • Funding Info: $261.2M over 10 Rounds (Latest Funding Type: Series D
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $700M as of April 29, 2021
  • City/Town: Boston
  • State: Massachusetts
  • Country: United States
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