Company:Wasabi Technologies

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Short description: American object storage service provider
Wasabi Technologies, Inc.
FormerlyBlue Archive
TypePrivate
IndustryCloud storage software
FoundedJune 1, 2017; 7 years ago (2017-06-01) in Boston, Massachusetts, U.S.
FounderDavid Friend, Jeff Flowers
Headquarters
Boston, Massachusetts
,
U.S.
Area served
Worldwide
Key people
David Friend CEO
Jeff Flowers CTO
ProductsWasabi Hot Storage
Websitewasabi.com
Footnotes / references
[1]

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]

References

  1. ↑ "Cloud storage startup Wasabi Technologies raises $68 million - Storage Soup". https://itknowledgeexchange.techtarget.com/storage-soup/cloud-storage-startup-wasabi-technologies-raises-68-million/. 
  2. ↑ Kepes, Ben (3 May 2017). "Wasabi serves up some spicy AWS-killer claims". IDG. https://www.networkworld.com/article/3192846/storage/wasabi-serves-up-some-spicy-aws-killer-claims.html. Retrieved 7 November 2018. 
  3. ↑ Cline, Keith. "Wasabi - Taking on the Tech Giants with Hot Storage". https://venturefizz.com/blog/wasabi-taking-tech-giants-hot-storage. Retrieved 9 February 2018. 
  4. ↑ Engel, Jeff (3 May 2017). "Friend & Flowers Return With Wasabi, Take on Amazon in "Hot Storage"". Xconomy, Inc.. https://xconomy.com/boston/2017/05/03/friend-flowers-return-with-wasabi-take-on-amazon-in-hot-storage/. 
  5. ↑ Albertson, Mark (2022-07-20). "Wasabi's 'hot cloud storage' gains traction as data security strategies evolve" (in en-US). https://siliconangle.com/2022/07/20/wasabis-hot-cloud-storage-gains-traction-data-security-strategies-evolve-securestoragehottakes/. 
  6. ↑ "David Friend, Wasabi Technologies CEO and Co-Founder, Announced as Keynote Speaker at TiE Boston Annual Gala on Dec. 2, 2022" (in en). 2022-11-22. https://indianewengland.com/david-friend-wasabi-technologies-ceo-and-co-founder-announced-as-keynote-speaker-at-tie-boston-annual-gala-on-dec-2-2022/. 
  7. ↑ "Wasabi - Taking on the Tech Giants with Hot Storage" (in en). VentureFizz. 2017-05-02. https://venturefizz.com/blog/wasabi-taking-tech-giants-hot-storage. 
  8. ↑ Lawson, Stephen (3 May 2017). "How to size up a new cloud service like low-priced Wasabi". IDG. https://www.networkworld.com/article/3194168/cloud-computing/how-to-size-up-a-new-cloud-service-like-low-priced-wasabi.html. Retrieved 9 February 2018. 
  9. ↑ "Wasabi - Simple storage solution". Y Combinator. https://news.ycombinator.com/item?id=14875220. Retrieved 9 February 2018. 
  10. ↑ "Frost & Sullivan Recognizes Wasabi for Its Hot Cloud Storage Solution with 2017 North American Technology Innovation Award". Yahoo. https://finance.yahoo.com/news/frost-sullivan-recognizes-wasabi-hot-120000919.html. 
  11. ↑ Bray, Hiawatha (19 March 2018). "Data storage beyond the clouds: Wasabi promises a super-secure system in space". The Boston Globe. https://www.bostonglobe.com/business/2018/03/19/data-storage-beyond-clouds-wasabi-promises-super-secure-system-space/6MIGtLg6PRjcuaESIEWhxL/story.html. Retrieved 20 March 2018. 
  12. ↑ "Chris Fenton, Former President & GM of DMG, Joins Wasabi Advisory Board". NBCUniversal. https://www.cnbc.com/2018/06/28/globe-newswire-chris-fenton-former-president-gm-of-dmg-joins-wasabi-advisory-board.html. 
  13. ↑ "Cloud Online File Data Backup Remote Offsite File Storage Reviews - Small Businesses, Enterprises, Providers Directory, SaaS, Cloud Computing, Data Storage Services, CEO Interviews. Choose the right Internet Web based Cloud Backups solution". http://www.backupreview.info/2019/10/29/wasabi-opens-new-us-east-coast-region-data-center/. 
  14. ↑ "Wasabi Debuts New Data Center In Hillsboro, Oregon" (in en). https://www.missioncriticalmagazine.com/articles/91592-wasabi-debuts-new-data-center-in-hillsboro-oregon?v=preview. 
  15. ↑ "Wasabi Technologies Announces Plans to Open Data Centre in Holland". Netherlands Foreign Investment Agency. https://uk.investinholland.com/wasabi-technologies-announces-plans-to-open-data-centre-in-holland/. 
  16. ↑ "Wasabi to open first European data centre in Amsterdam | StartupAmsterdam" (in en). https://www.iamsterdam.com/en/business/news-and-insights/news/2018/wasabi-to-open-first-european-data-centre-in-amsterdam. 
  17. ↑ "Cloud startup Wasabi launches its third data centre in Amsterdam" (in en-GB). 2019-03-06. https://data-economy.com/cloud-start-up-wasabi-launches-its-third-data-centre-in-amsterdam/. 
  18. ↑ Haranas, Mark (2019-04-02). "Wasabi Partner Network To 'Disrupt Storage' Market: Exclusive". https://www.crn.com/news/channel-programs/wasabi-partner-network-to-disrupt-storage-market-exclusive. 
  19. ↑ April 3 (2019-04-03). "Wasabi Debuts First Partner Program for Hot Cloud Storage" (in en-US). https://www.channelpartnersonline.com/2019/04/03/wasabi-debuts-first-partner-program-for-hot-cloud-storage/. 
  20. ↑ 20.0 20.1 "Hot cloud storage startup Wasabi secures investment from NTT DOCOMO Ventures to take on Amazon S3" (in en-US). 2019-09-30. https://techstartups.com/2019/09/30/hot-cloud-storage-startup-wasabi-secures-investment-ntt-docomo-ventures-take-amazon-s3/. 
  21. ↑ 21.0 21.1 Haranas, Mark (2019-10-29). "Red-Hot Cloud Storage Startup Wasabi Opens New Data Center". https://www.crn.com/news/data-center/red-hot-cloud-storage-startup-wasabi-opens-new-data-center. 
  22. ↑ "Fenway Bowl Announces Wasabi Technologies as Title Sponsor". https://www.mlb.com/redsox/press-release/fenway-bowl-announces-wasabi-technologies-as-title-sponsor. Retrieved November 4, 2020. 
  23. ↑ "WASABI TECHNOLOGIES BECOMES OFFICIAL CLOUD STORAGE PARTNER OF THE BOSTON BRUINS AND TD GARDEN". 2022-03-23. https://www.tdgarden.com/news/detail/wasabi-technologies-becomes-official-cloud-storage-partner-of-the-boston-bruins-and-td-garden. 
  24. ↑ Friend, Tom (2022-06-16). "Wasabi Technologies Acquires Naming Rights to NESN Studio at Fenway Park" (in en). https://www.sporttechie.com/wasabi-technologies-acquires-naming-rights-to-nesn-studio-at-fenway-park/. 
  25. ↑ "Scale Computing and Wasabi Technologies Collaborate to Provide Cost-Effective Hybrid Cloud Storage" (in en-US). 2022-06-22. https://www.dbta.com/Editorial/News-Flashes/Scale-Computing-and-Wasabi-Technologies-Collaborate-to-Provide-Cost-Effective-Hybrid-Cloud-Storage-153631.aspx. 
  26. ↑ "Wasabi Technologies Partners with Axis Communications: Accelerating the Migration of Video Surveillance to the Cloud". https://www.idc.com/getdoc.jsp?containerId=lcUS48842422. 
  27. ↑ Dadhich, Priyanka (2022-04-13). "Hivelocity partners with Wasabi Technologies for high-performance, low-cost cloud infrastructure" (in en-US). https://www.dailyhostnews.com/hivelocity-with-wasabi-to-offer-high-performance-cloud-infrastructure. 
  28. ↑ Wiggers, Kyle (2022-09-27). "Cloud storage startup Wasabi raises $250M to reach unicorn status" (in en-US). https://techcrunch.com/2022/09/27/wasabi-raises-250m-at-over-1-billion-valuation/. 
  29. ↑ Green, Hannah (2023-01-03). "VC funding update: Which Boston-area startups raised money in December?". https://www.bizjournals.com/boston/inno/stories/fundings/2023/01/03/vc-funding-december-2022.html. 
  30. ↑ Butler, Georgia (2023-03-14). "UK's Liverpool FC migrates IT to the cloud with Wasabi". https://www.datacenterdynamics.com/en/news/uks-liverpool-fc-migrates-it-to-the-cloud-with-wasabi/. 
  31. ↑ "Opti9 Partners with Wasabi Technologies to Provide Clients with Disaster Recovery Capabilities and AI-Powered Ransomware Detection" (in en-US). 2023-05-23. https://finance.yahoo.com/news/opti9-partners-wasabi-technologies-clients-182900094.html. 
  32. ↑ Miller, Ron. "Wasabi just landed $68 million to upend cloud storage". Oath Tech Network. https://techcrunch.com/2018/09/12/wasabi-just-landed-68-million-to-upend-cloud-storage/. Retrieved 7 November 2018. 
  33. ↑ "Wasabi announces $30M Series B as cloud storage business continues to grow" (in en-US). https://social.techcrunch.com/2020/05/28/wasabi-announces-30m-in-debt-financing-as-cloud-storage-business-continues-to-grow/. 
  34. ↑ Walrath, Rowan (May 28, 2020). "Cloud storage startup Wasabi snags $30M, looks to become unicorn". https://www.americaninno.com/boston/funding-boston/cloud-storage-startup-wasabi-snags-30m-looks-to-become-unicorn/. 
  35. ↑ "Wasabi Technologies Raises $250 Million as it Expands to Take on AWS, Microsoft, and Google | The Software Report" (in en-US). 2022-10-18. https://www.thesoftwarereport.com/wasabi-technologies-raises-250-million-as-it-expands-to-take-on-aws-microsoft-and-google/. 
  36. ↑ Cohan, Peter. "With VC Funding Down 53%, Wasabi Technologies Defies The Odds — Raising $250 Million" (in en). https://www.forbes.com/sites/petercohan/2022/10/13/with-vc-funding-down-53-wasabi-technologies-defies-the-odds---raising-250-million/. 

External links



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