About Wasabi Technologies
Wasabi Technologies offers cloud storage services that help businesses store and manage their data efficiently. Their main product, the Wasabi Surveillance Cloud, enhances on-premises video surveillance systems by providing unlimited, secure, and affordable storage without the need for expensive upgrades. Wasabi stands out by offering storage at a fraction of the cost of competitors like AWS S3, with faster speeds and a simple pricing model that has no hidden fees. The goal is to provide cost-effective solutions that improve data management for businesses.
Boston, MassachusettsHeadquarters
2017Year Founded
$317.8MTotal Funding
SERIES_DCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
201-500Employees
Benefits
Remote Work Options
Flexible Work Hours
Risks
Increased competition from low-cost providers like Backblaze.
Expansion into new regions may lead to regulatory compliance challenges.
Rapid technological advancements may require significant investment to keep up.
Differentiation
Wasabi offers cloud storage at 1/5th the cost of AWS S3.
Wasabi's storage is 100% compatible with AWS S3 and IAM APIs.
Wasabi provides a single pricing model with no hidden fees.
Upsides
Growing demand for hybrid cloud solutions boosts Wasabi's Surveillance Cloud.
Partnerships with IBM and Johnson Controls enhance Wasabi's market reach.
Expansion of 5G networks increases data generation, benefiting Wasabi's storage solutions.
Funding
Total raised$317.79 M
Latest valuation$1.10 B
StageSERIES_D
SERIES D
11/30/2022$15
$1.10 BDEBT
8/31/2022$125
SERIES C
4/30/2021$25
$560.00 MLATE VC
4/30/2020$30
$150.00 M$11
$54.00 MSERIES A
4/30/2017$9
$44.50 M