What is Wasabi?
Founded in 2015, Wasabi has carved out a distinct market position by delivering fast, low-cost, and reliable cloud storage services. Unlike traditional providers, the company focuses on simplifying the cloud storage experience, offering a streamlined model that eliminates complex pricing structures. This approach has resonated with enterprise clients seeking to optimize their data management costs without sacrificing performance or security. As a key player in the storage-as-a-service sector, Wasabi leverages its proprietary technology to provide a scalable alternative to legacy cloud providers, positioning itself as a foundational element for modern DevOps and analytics environments.
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, Western Digital, and Fidelity Management & Research Company
Private Equity (2026): $700M led by Fidelity Investments, Pure Storage, and L2 Point
Debt (2026): $250M supported by Aksia, Bain Capital Private Credit, and Energy Impact Partners
Key Investors in Wasabi
Fidelity Investments
Fidelity Investments is a global financial services leader providing comprehensive wealth management, brokerage, and advisory solutions for institutional and individual clients.
Pure Storage
Pure Storage is a pioneer in all-flash data storage solutions, enabling enterprises to power mission-critical production and modern analytics environments.
L2 Point
L2 Point is a San Francisco-based investment firm specializing in innovative capital solutions for late-stage growth companies, bridging the gap between equity and debt.
What's next for Wasabi?
With the recent influx of $250M, Wasabi is well-positioned to accelerate its product development and expand its global footprint. The strategic nature of this funding suggests a focus on deepening its enterprise-grade capabilities and potentially exploring new verticals within the AI and machine learning data storage space. As the demand for efficient, high-capacity storage continues to surge, Wasabi's ability to maintain its cost-leadership while scaling infrastructure will be paramount. Investors are likely looking for the company to leverage this capital to solidify its market share against incumbent cloud giants, ensuring long-term sustainability and continued innovation in the storage-as-a-service domain.
See full Wasabi company page
