Wasabi

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]

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]

• Official website