What is Wasabi?
Founded in 2015 and headquartered in Boston, Massachusetts, Wasabi operates as a hot cloud storage company, distinguishing itself by offering fast, low-cost, and reliable cloud storage solutions. The company aims to disrupt the traditional cloud storage market by providing an accessible and efficient alternative for businesses requiring high-performance data storage. Wasabi's business model focuses on delivering a superior storage experience without the complexity and cost often associated with major cloud providers.
How much funding has Wasabi raised?
Wasabi has raised a total of $1.3B across 8 funding rounds:
Series A
$85M
Unspecified
$10.8M
Series B
$68M
Unspecified
$30M
Debt
$27.5M
Series C
$137M
Private Equity
$700M
Debt
$250M
Series A (2016): $85M, investors not publicly disclosed
Unspecified (2017): $10.8M led by CloudScale Capital Partners, LLC
Series B (2018): $68M supported by Forestay Capital
Unspecified (2020): $30M featuring Forestay Capital
Debt (2021): $27.5M backed by MGG Investment Group
Series C (2021): $137M with participation from Prosperity7 Ventures, Fidelity Management & Research Company, and Western Digital
Private Equity (2026): $700M led by Pure Storage, L2 Point, and Fidelity Investments
Debt (2026): $250M supported by Bain Capital Private Credit, Energy Impact Partners, and Aksia
Key Investors in Wasabi
Pure Storage
Pure Storage is an all-flash data storage and software manufacturer that enables real-time, secure data delivery for mission-critical environments in a multi-cloud setting.
L2 Point
L2 Point is an investment firm specializing in providing innovative capital solutions for growth companies, particularly those in late-stage development seeking alternatives to traditional equity or debt financing.
Fidelity Investments
Fidelity Investments is a leading financial services firm offering a comprehensive suite of investment, wealth management, and retirement planning solutions for individuals and institutions.
What's next for Wasabi?
The recent major strategic investment, coupled with the overall significant enterprise-level funding Wasabi has attracted, signals a strong confidence from the investment community in the company's future. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its global reach, and potentially developing new service offerings. Wasabi's strategic backing positions it for continued scaling and market penetration, aiming to solidify its role as a key player in the cloud storage sector.
See full Wasabi company page
