Wasabi Technologies, Inc. is an American object storage service provider based in Boston, Massachusetts that sells cloud storage.[2] The company was co-founded in September 2015 by David Friend and Jeff Flowers and launched its cloud storage product in May 2017.[3]
History
Wasabi founders, David Friend and Jeff Flowers, were previously co-founders of Carbonite, an online backup service, as well as several other companies.[4] Friend’s first venture, ARP Instruments, developed synthesizers used by artists including Stevie Wonder, David Bowie, and Led Zeppelin. He later founded Computer Pictures Corporation, Pilot Software, Faxnet, and Sonexis.[5][6]
The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after the Japanese horseradish.[3] Wasabi's core offering is its "hot" file storage that is fully compatible with the Amazon S3 API.[7][8]
Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia.[9] The company has since grown to have 16 storage regions[10] and serving customers in more than 100 countries as of 2025[update].[11]
In November 2021, Wasabi Technologies became the title sponsor of the Fenway Bowl, an annual college football bowl game played at Fenway Park in Boston.[12] The sponsorship covers a multi-year agreement and includes the establishment of an executive committee composed of regional business, education, and non-profit leaders charged with advancing the game’s educational and community-oriented mission.[13]
Wasabi reached unicorn status in September 2022, following a $250 million financing round that valued the company at approximately $1.1 billion.[11]
In January 2026, the company announced it had raised $70 million in a funding round led by L2 Point Management.[14][15] The funding will allow for increased AI storage, a new storage class the company started in late 2025.[16][17]
References
- ^ "Cloud storage startup Wasabi Technologies raises $68 million - Storage Soup". Archived from the original on 2018-11-08. Retrieved 2018-11-07.
- ^ Kepes, Ben (3 May 2017). "Wasabi serves up some spicy AWS-killer claims". NetworkWorld. IDG. Retrieved 7 November 2018.
- ^ a b Cline, Keith. "Wasabi - Taking on the Tech Giants with Hot Storage". Venture Fizz. Archived from the original on 2017-05-13. Retrieved 9 February 2018.
- ^ Engel, Jeff (3 May 2017). "Friend & Flowers Return With Wasabi, Take on Amazon in "Hot Storage"". Xconomy. Xconomy, Inc.
- ^ Albertson, Mark (2022-07-20). "Wasabi's 'hot cloud storage' gains traction as data security strategies evolve". SiliconANGLE. Retrieved 2022-11-26.
- ^ "David Friend, Wasabi Technologies CEO and Co-Founder, Announced as Keynote Speaker at TiE Boston Annual Gala on Dec. 2, 2022". INDIA New England News. 2022-11-22. Retrieved 2022-11-26.
- ^ Vera. "Wasabi Hot Cloud Storage Review". www.multcloud.com. Retrieved 2025-11-11.
- ^ "What is the difference between Amazon S3 and Wasabi?". docs.wasabi.com. Retrieved 2025-11-11.
- ^ Lawson, Stephen (3 May 2017). "How to size up a new cloud service like low-priced Wasabi". NetworkWorld. IDG. Retrieved 9 February 2018.
- ^ "Wasabi Storage Regions". Wasabi.com. Retrieved 2025-11-19.
{{cite web}}: CS1 maint: url-status (link) - ^ a b Wiggers, Kyle (2022-09-27). "Cloud storage startup Wasabi raises $250M to reach unicorn status". TechCrunch. Retrieved 2025-11-11.
- ^ Moore, Grayson (2021-11-03). "ESPN Events' Fenway Bowl Announces Wasabi Technologies as Title Sponsor". ESPN Events. Retrieved 2025-11-19.
- ^ "The 2024 Wasabi Fenway Bowl". wasabi.com. Retrieved 2025-11-19.
- ^ Butler, Georgia (2026-01-13). "Wasabi Technologies raises $70m in equity funding round". www.datacenterdynamics.com. Retrieved 2026-02-05.
- ^ "Wasabi's cloud storage service gets $70M funding boost". SiliconANGLE. 2026-01-13. Retrieved 2026-02-05.
- ^ Mellor, Chris (2025-10-06). "Wasabi secures $32.5M to fuel AI storage push". Blocks and Files. Retrieved 2026-02-05.
- ^ Butler, Georgia (2025-11-24). "Wasabi launches storage offering for AI workloads and new region". www.datacenterdynamics.com. Retrieved 2026-02-05.
