Wasabi - About the company
Wasabi is a series E company based in Boston (United States), founded in 2015 by David Friend and Jeff Flowers. It operates as a Cloud storage provider offering scalable solution for businesses. Wasabi has raised $484M in funding from investors like Forestay Capital, L2 Point and Fidelity Investments, with a current valuation of $1.8B. The company has 368 active competitors, including 52 funded and 24 that have exited. Its top competitors include companies like DigitalOcean, Hitachi Vantara and Filecoin.
Company Details
Cloud storage provider offering scalable solution for businesses. It allows to store and manage the data. It offers solutions such as backuo and recovery, media workflows, active archiving, multi-tenant management, and more.
- Website
- wasabi.com
- Social
- Email ID
- *****@wasabi.com
- Phone Number
- +1 **********
- Registered Address
- 75 Arlington St. Suite 810 Boston, MA 02116
Key Metrics
Founded Year
2015
Location
Boston, United States
Stage
Series E
Total Funding
$484M in 18 rounds
Latest Funding Round
Post Money Valuation
$1.8B as on Sep 15, 2025
Investors
Ranked
2nd among 368 active competitors
Employee Count
595 as on Jul 31, 2026
Similar Companies
Legal entities associated with Wasabi
Wasabi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
WASABI GROUP LLC CIN: 822604994 , United States, Active | Dec 31, 1999 | - | 19 (As on Dec 31, 2024) | - |
WASABI TECHNOLOGIES LLC CIN: 811335285 , United States, Active | Dec 31, 1999 | - | 324 (As on Dec 31, 2024) | - |
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Wasabi's funding and investors
Wasabi has raised a total funding of $484M over 18 rounds. Its latest funding round was a Conventional Debt round on Apr 21, 2026 for $250M. 4 investors participated in its latest round. Wasabi has 28 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Wasabi:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 21, 2026 | $250M | Conventional Debt | - | - | - | |
Sep 15, 2025 | $70M | Series E | $1.8B | - | ||
Dec 07, 2022 | $15M | Series D | - | - |
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Wasabi's founders and board of directors
Founder? Claim ProfileHere are the details of Wasabi's key team members:
- David Friend: Co-Founder & CEO of Wasabi and founder of 1 other company.
- Jeff Flowers: Co-Founder & CTO of Wasabi. Contact Info: 1 email address
View details of Wasabi's Founder profiles and Board Members
Wasabi's employee count trend
Wasabi has 595 employees as of Jul 26. Here is Wasabi's employee count trend over the years:
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Wasabi's Competitors and alternates
Top competitors of Wasabi include DigitalOcean, Hitachi Vantara and Filecoin. Here is the list of Top 10 competitors of Wasabi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | DigitalOcean 2011, New York City (United States), Public | Provider of cloud infrastructure, virtual machines, and managed database hosting | $174M | 80/100 | |
2nd |  Wasabi 2015, Boston (United States), Series E | Cloud storage provider offering scalable solution for businesses | $484M | 71/100 | |
3rd | Hitachi Vantara 1989, Santa Clara (United States), Series A | Provider of data infrastructure, hybrid cloud, and data resilience solutions | $6.56M | 66/100 | |
4th | Filecoin 2014, San Francisco (United States), Seed | Decentralized network storage solutions for enterprieses | $120K | 65/100 | |
5th |  Amazon Web Services 2006, Seattle (United States), Funding Raised | Provider of cloud computing services, including infrastructure, AI, and data solutions | - | 65/100 | |
6th | Backblaze 2007, San Mateo (United States), Public | Provider of cloud storage and computer backup solutions for businesses | $5.3M | 65/100 | |
7th | pCloud 2013, Baar (Switzerland), Series A | Enterprise cloud storage | $3M | - | 64/100 |
8th |  Arweave 2017, London (United Kingdom), Series A | Decentralized data storage protocol for enterprises | $14.4M | 61/100 | |
9th |  Zadara 2011, Irvine (United States), Series B | Enterprise cloud storage management software provider | $60M | 59/100 | |
10th | Storj 2014, Atlanta (United States), Acquired | Decentralized cloud storage solutions provider | $5.05M | 59/100 |
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Wasabi's Investments and acquisitions
Wasabi has made 1 investment in PursueCare and acquired Curio AI.Reports related to Wasabi
Here is the latest report on Wasabi's sector:
News related to Wasabi
Filter this listMedia has covered Wasabi for a total of 34 events in the last 1 year, 16 of them have been about company updates and 8 about partnerships.
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Wasabi Establishes Dedicated AI Business and Appoints Pinaki Mukherjee as Senior Vice President & General ManagerAiThority•Sep 10, 2026•Wasabi
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VDURA and Wasabi announce AI storage and cloud archiving partnershipDataCenterNews•Aug 04, 2026•Wasabi, Vdura
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Wasabi, Megaport partner on AI storage and network platformIT Brief UK•Jul 23, 2026•Megaport, Wasabi, 6WIND
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Wasabi Impact Circle supports Wasabi customers and partners in reducing cloud emissions and implementing climate protection projectsBusiness Wire•Jun 24, 2026•Wasabi
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Wasabi Technologies extends Liverpool FC partnership - helps LFC Insider Media•May 27, 2026•Wasabi, The Liverpool Football Club and Athletic Grounds
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Wasabi Technologies Upgrades Data Protection Strategy for Leading, Historic Japanese University, Sophia School CorporationBusiness Wire•May 21, 2026•Wasabi, Sophia
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Vast Data raises $1B at $30B valuation as AI infrastructure demand acceleratesSiliconAngle•Apr 22, 2026•VAST Data, Access Industries, Drive Capital, Fidelity Investments and 3 others
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Wasabi Technologies Secures $250M Credit FacilityIT Europa•Apr 21, 2026•Wasabi, Seagate, Bain Capital Private Credit, Bain Capital and 2 others
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