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Wasabi Technologies

WT
Developer ToolsBostonFounded 2015Website
#438 by valuation

Wasabi Technologies provides cloud object storage designed to make data management affordable and straightforward. The company offers a single tier of hot cloud storage that supports unlimited capacity without hidden charges such as egress or API request fees. Its platform integrates features like Wasabi AiR, which enables AI-based tagging, transcription, and search for media assets, and Wasabi Surveillance Cloud, which extends video management system capacity. Wasabi emphasizes predictable pricing, data accessibility, and multi-layered security measures at the physical, data, and account levels. The service is widely applied in backup, recovery, archiving, media workflows, and AI/ML workloads. Wasabi’s goal is to simplify cloud storage while giving organizations flexibility to access and use their data whenever needed.

Founded by David Friend (CEO), Jeff Flowers (CTO)

Blended valuation$1.8B
Valuation history
Weekly blended valuation with priced funding rounds marked on the timeline.
$1.9B
blended valuationfunding round
May 31, 2021$605.2MOct 5, 2026
All rounds
13 funding rounds, newest first.
RoundAnnouncedRaisedPost-money
Series EJan 12, 2026$70M$1.8B
Series DDec 7, 2022$15M$1.3B
Series DSep 27, 2022$125M$1.1B
Series CMay 20, 2021$25M—
Series CApr 29, 2021$112M$700M
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Investors
34 investors across all rounds.
  • AV
    Alumni Ventures
  • FI
    Fidelity
  • PV
    Prosperity7 Ventures
  • ND
    NTT DOCOMO Ventures
  • BI
    Blue Ivy Ventures
  • BC
    Bain Capital Ventures
  • EI
    Energy Impact Partners
  • EF
    Ethos Family Office
  • RO
    Rocketship.vc
  • FC
    Forestay Capital
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.