Wasabi Technologies, Inc. is an American
object storage service provider based in Boston, Massachusetts that sells one product, an object storage service called Wasabi Hot Cloud Storage.[2] The company was co-founded in September 2015 by David Friend and Jeff Flowers and launched its
cloud storage product in May 2017.[3]
History
Friend and Flowers were previously co-founders of
Carbonite, an online backup service, among other companies.[4] Friend also previously launched ARP Instruments, Computer Pictures, Pilot Software, and Faxnet.[5][6]
The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot
Japanese horseradish.[7]
Wasabi Technologies, Inc. was launched with a single data center location in
Ashburn, Virginia,[8] a limitation that generated concern in the online tech forum,
Hacker News.[9]
On January 30, 2018,
Frost & Sullivan gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award.[10]
On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers.[11]
On June 28, 2018, Chris Fenton (former President and General Manager of
DMG Entertainment) joined the advisory board.[12] Wasabi also launched its new data center in Hillsboro, Oregon.[13][14]
In October 2018, the company announced plans to open its first European data center in the
Netherlands.[15]
On March 5, 2019, the company announced that its third data center, the first one located in Europe, opened in
Amsterdam, Netherlands.[16][17]
On April 2, 2019, Wasabi launched its partner network, a volume-based incentive program.[18][19]
In September 2019, Wasabi Technologies announced it had received an investment of an undisclosed amount from NTT DOCOMO Ventures.[20] The companies also made a joint announcement of the availability of Wasabi hot cloud storage as part of its Enterprise Cloud service, which became available in the US, EMEA and APAC regions.[21] In October 2019, the company announced the launch of its fourth data center in Virginia.[21]
On November 4, 2021, Wasabi Technologies signed on as sponsor for the
Fenway Bowl.[22]
In March 2022, the company signed a multi-year deal with the
Boston Bruins and
TD Garden and became their Official Cloud Storage Partner.[23] In June of that same year they also secured the naming rights of the NESN studio at
Fenway Park.[24]
In 2022, Wasabi Technologies established partnerships with Scale Commuting,[25] Axis Communication,[26] and Hivelocity.[27]
In September 2022, the company reached unicorn status when it raised $250 million in a Series D round of funding.[28][29]
During March 2023,
Liverpool F.C. announced that the club has moved the majority of its IT operations to Wasabi Technologies' cloud storage.[30]
In May 2023, Opti9 partnered with Wasabi Technologies to provide clients with disaster recovery capabilities.[31]
Funding
September 2018: Wasabi Technologies, Inc. raised $68 million[32]
October 2019: Wasabi Technologies, Inc. received an investment for an undisclosed amount from
NTT DOCOMO Ventures.[20]
May 2020: Wasabi Technologies, Inc. raised $30 million[33][34]
October 2022: Wasabi Technologies, Inc. raised $250 million[35][36]