What is Wasabi?
Founded in 2015 and headquartered in Boston, Massachusetts, Wasabi operates as a hot cloud storage company. It distinguishes itself by offering a compelling combination of speed, affordability, and dependability in the cloud storage market. Wasabi's business model is designed to disrupt traditional cloud storage providers by offering a simpler, more cost-effective solution for businesses requiring significant data storage capacity and rapid access. The company's focus on these core attributes positions it as a key competitor in the rapidly evolving cloud infrastructure landscape.
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 Western Digital, Prosperity7 Ventures, and Fidelity Management & Research Company
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
Bain Capital Private Credit
Bain Capital Private Credit (BCPC) is a non-exchange traded business development company that focuses on investing at least 80% of its total assets in private credit investments, targeting investors willing to accept a high degree of risk associated with such investments.
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future, collaborating with leading innovators and major energy companies.
Pure Storage
Pure Storage is an all-flash data storage and software product manufacturer, providing data solutions that enable real-time, secure data delivery for mission-critical production, DevOps, and modern analytics environments in a multi-cloud setting.
What's next for Wasabi?
With its recent major strategic investment and a significant overall funding total of $1.3B, Wasabi is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its infrastructure, expand its service offerings, and broaden its customer base globally. Strategic partnerships and technological advancements in data management and accessibility are anticipated as Wasabi continues to solidify its position as a leading provider of cost-effective and high-performance cloud storage. The company's trajectory suggests a continued focus on innovation to meet the escalating demands for data storage solutions in an increasingly digital world.
See full Wasabi company page
