When was Wasabi founded?

Wasabi was founded in 2015 and became a unicorn in 2022.

Where is Wasabi located?

Wasabi is headquartered in Boston, United States. It is registered at 75 Arlington St. Suite 810 Boston, MA 02116.

Who is the current CEO of Wasabi?

David Friend of Wasabi. They have also founded 1 company.

How many employees does Wasabi have?

As of Jul 31, 2026, the latest employee count at Wasabi is 595.

Is Wasabi a funded company?

Wasabi is a funded company, having raised a total of $484M across 18 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round.

How much is Wasabi worth?

The latest valuation of Wasabi is $1.8B as of Sep 15, 2025.

When was the latest funding round of Wasabi?

Wasabi's latest funding was a $250M Conventional Debt round on Apr 21, 2026, with participation from 4 investors.

Is Wasabi a Enterprise Storage company?

The primary sector of Wasabi is Enterprise Storage.

Where does Wasabi rank among its competitors?

Wasabi ranks 2nd amongst 354 active competitors, of which 51 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Wasabi, which secured $250M in Apr, 2026.

Who are the top competitors of Wasabi?

Wasabi's top competitors include DigitalOcean, Hitachi Vantara and Filecoin. Among them, Wasabi secured the most recent funding round in April, 2026.

Wasabi - 2026 Company Profile, Team, Funding & Competitors

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 354 active competitors, including 51 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

Conventional Debt, Apr 21, 2026, $250M

Post Money Valuation

$1.8B as on Sep 15, 2025

Investors

Forestay Capital & 27 more

Ranked

2^nd among 354 active competitors

Employee Count

595 as on Jul 31, 2026

Investment & Acquisitions

Curio AI & 1 more

Similar Companies

DigitalOcean & 321 more

View Wasabi's full profile

Wasabi is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
WASABI TECHNOLOGIES LLC CIN: 811335285 , United States, Active	Dec 31, 1999	-	324 (As on Dec 31, 2024)	-
WASABI GROUP LLC CIN: 822604994 , United States, Active	Dec 31, 1999	-	19 (As on Dec 31, 2024)	-

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 27 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Wasabi:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 21, 2026	$250M	Conventional Debt	-	-	-	Energy Impact Partners, Aksia, Neuberger Berman Specialty Finance, BTG Pactual
Sep 15, 2025	$70M	Series E	$1.8B	-	L2 Point	Pure Storage, Fidelity Investments
Dec 07, 2022	$15M	Series D	-	-	Azura, SIS Global	Prosperity7 Ventures

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View details of Wasabi's funding rounds and investors

The founders of Wasabi are David Friend and Jeff Flowers. David Friend is the CEO of Wasabi.

Here 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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Top competitors of Wasabi include DigitalOcean, Hitachi Vantara and Filecoin. Here is the list of Top 10 competitors of Wasabi, ranked by Tracxn score:

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	Access Industries, Andreessen Horowitz & 46 others	80/100
2nd	Wasabi 2015, Boston (United States), Series E	Cloud storage provider offering scalable solution for businesses	$484M	Fidelity Investments, Rocketship & 26 others	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	Ti Capital, Westlabs & 76 others	66/100
5th	Amazon Web Services 2006, Seattle (United States), Funding Raised	Provider of cloud computing services, including infrastructure, AI, and data solutions	-	Tigerlabs, Hackquarters & 4 others	65/100
6th	Backblaze 2007, San Mateo (United States), Public	Provider of cloud storage and computer backup solutions for businesses	$5.3M	2B Global, Trinity Capital & 2 others	64/100
7th	pCloud 2013, Baar (Switzerland), Series A	Enterprise cloud storage	$3M	-	64/100
8th	SGI 1980, Fremont (United States), Acquired	High-performance computing hardware manufacturer	-	Whippoorwill Associates, New Enterprise Associates ... & 4 others	61/100
9th	Zadara 2011, Irvine (United States), Series B	Enterprise cloud storage management software provider	$60M	Israel Growth Partners, ASK Pravi	59/100
10th	Lucidlink 2016, San Francisco (United States), Series C	Provider of Cloud NAS based on object storage technology	$115M	Headline, S28 Capital & 13 others	59/100