About Wasabi
Wasabi is a company based in Boston (United States) founded in 2015 by Jeff Flowers and David Friend.. Wasabi has raised $446.93 million across 16 funding rounds from investors including Fidelity Investments, Western Digital and European Union. Wasabi has completed 1 acquisition, including Curio. Wasabi offers products and services including Wasabi Hot Cloud Storage, Wasabi AiR, and Wasabi Surveillance Cloud. Wasabi operates in a competitive market with competitors including Panzura, Internxt, Filecoin, Zadara and Lucidity, among others.
- Headquarter Boston, United States
- Founders Jeff Flowers, David Friend
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$446.93 M (USD)
in 16 rounds
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Latest Funding Round
$32.5 M (USD), Series E
Sep 15, 2025
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Investors
Fidelity Investments
& 14 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Wasabi
Wasabi offers a comprehensive portfolio of products and services, including Wasabi Hot Cloud Storage, Wasabi AiR, and Wasabi Surveillance Cloud. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable single-tier object storage for fast data access and management.
Intelligent storage with AI tagging, transcription, and search capabilities.
Extends video management systems with scalable cloud capacity.
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Funding Insights of Wasabi
Wasabi has successfully raised a total of $446.93M across 16 strategic funding rounds. The most recent funding activity was a Series E round of $32.5 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Series E — $32.5M
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First Round
First Round
(02 May 2016)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series E - Wasabi | Valuation |
investors |
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| Dec, 2022 | Amount | Series D - Wasabi | Valuation | Azura , SIS Global | |
| Sep, 2022 | Amount | Debt – Conventional - Wasabi | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wasabi
Wasabi has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Western Digital and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on enterprise tech, fintech, deep tech, AI, B2B, B2C, and medtech companies
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Founded Year | Domain | Location | |
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Senior secured loans are provided to lower middle-market companies.
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Founded Year | Domain | Location | |
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Late-stage businesses are invested in by this private equity fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wasabi
Wasabi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Curio. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Curated multi-category news is provided through an online platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wasabi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wasabi Comparisons
Competitors of Wasabi
Wasabi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Panzura, Internxt, Filecoin, Zadara and Lucidity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based network attached storage is provided for global file management.
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| domain | founded_year | HQ Location |
Decentralized cloud storage platform is provided with smart contract security.
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| domain | founded_year | HQ Location |
Decentralized storage networks are provided for enterprise file solutions.
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| domain | founded_year | HQ Location |
Enterprise cloud storage management software provider
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| domain | founded_year | HQ Location |
Cloud block storage management is facilitated through an intelligent platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wasabi
Frequently Asked Questions about Wasabi
When was Wasabi founded?
Wasabi was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Wasabi located?
Wasabi is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Wasabi?
David Friend is the current CEO of Wasabi. They have also founded this company.
Is Wasabi a funded company?
Wasabi is a funded company, having raised a total of $446.93M across 16 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $125M, raised on May 02, 2016.
What does Wasabi do?
Wasabi was founded in 2015 and is based in Boston, United States. Operations are conducted in the cloud storage sector, where scalable solutions are offered to businesses for data storage and management. Services include backup and recovery, media workflows, active archiving, and multi-tenant management. The focus remains on facilitating efficient data handling across various enterprise needs.
Who are the top competitors of Wasabi?
What products or services does Wasabi offer?
Wasabi offers Wasabi Hot Cloud Storage, Wasabi AiR, and Wasabi Surveillance Cloud.
How many acquisitions has Wasabi made?
Wasabi has made 1 acquisition, including Curio.
Who are Wasabi's investors?
Wasabi has 15 investors. Key investors include Fidelity Investments, Western Digital, European Union, North Atlantic Capital, and MGG Investment Group.
What is Wasabi's valuation?
The valuation of Wasabi is $1.1B as of Sep 2022.
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