Wasabi revenue is $54 million
Wasabi is worth $700 million valuation
Wasabi team size is 128 employees
How did Latka collect this data?
Latka collected this data by interviewing Wasabi CEO David Friend on 05/02/2016
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Wasabi
800-Boylston Street Boston, Massachusetts, United States
How Wasabi hit $54M Revenue with 23K customers in 2022.
Wasabi is the hot cloud storage company. Hot cloud storage is fast to write, low-cost, and reliable cloud storage. Wasabi delivers fast, low-cost, and reliable cloud storage. Amazon locks companies into their expensive storage and nobody likes vendor lock-in. Wasabi Hot Cloud Storage is 1/5 the price of Amazon S3 and faster than the competition with no fees for egress or API requests.
2017
Founded
$54M
2022 Revenue
YOY
$341.4M
Funding
Wasabi Revenue
In 2022, Wasabi revenue run rate hit $54M in revenue.
2021
Wasabi hit $54M in revenue in 2021
2020
Wasabi hit $18M in revenue in 2020
2017
Wasabi launched in 2017 with $0 revenue
Wasabi Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2021
Wasabi raised a of $25M
2021
Wasabi raised a of $112M at a $700M valuation in April 2021
2020
Wasabi raised a of $31.2M
2020
Wasabi raised a of $27.9M
2018
Wasabi raised a of $13.4M
2018
Wasabi raised a of $39.8M
2018 Debt Financing
Wasabi raised a Debt Financing of $39.9M
2017
Wasabi raised a of $10.8M
2016
Wasabi raised a of $6.3M
2016 Debt Financing
Wasabi raised a Debt Financing of $33.2M
2016
Wasabi raised a of $1.9M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 05/20/2021 | $25M | ||
| 04/29/2021 | $112M | $700M | |
| 12/29/2020 | $31.2M | ||
| 04/15/2020 | $27.9M | ||
| 08/22/2018 | $13.4M | ||
| 07/31/2018 | $39.8M | ||
| 03/13/2018 | Debt Financing | $39.9M | |
| 07/14/2017 | $10.8M | ||
| 12/01/2016 | $6.3M | ||
| 10/31/2016 | Debt Financing | $33.2M | |
| 05/02/2016 | $1.9M |
Team
Wasabi has 128 total employees and 21 sales reps that carry a quota. They have 23000 customers an engineering team of 35 and a marketing team of 14
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 128 |
| Engineer | 35(27%) |
| Sales | 21(16%) |
| Marketing | 14(11%) |
CEO/Founder
David Friend
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world’s leading cloud backup companies. He has been a successful tech entrepreneur for more than 30 years.
Q&A
What`s your age?
72
Favorite online tool?
Netsuite
Favorite book?
Getting to Yes
Favorite CEO?
No
Advice for 20 year old self
Relax
Customers
Wasabi has 23K customers.
Lifetime Months
-
x
Monthly ARPU
$100
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$1.2K
Churn
Wasabi has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
70.00%
Net Revenue Retention
170.00%
About Wasabi
Monthly Revenue
$4.5M
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
200.00%
=
Rule of 40
200
Wasabi Board of Directors
| Name | Position |
|---|
Wasabi Executives
| Name | Position |
|---|---|
| David Friend | CEO |
Wasabi Employees
| Name | Position |
|---|---|
| David Friend | CEO |
Frequently Asked Questions about Wasabi
When was Wasabi founded?
Wasabi was founded in 2017.
How much revenue does Wasabi generate?
Wasabi generates $54M in revenue.
Who is the CEO of Wasabi?
The CEO of Wasabi is David Friend.
How much funding does Wasabi have?
Wasabi was raised $341.4M.
How many employees does Wasabi have?
Wasabi has raised 128 employees.
Where is Wasabi headquarters?
Wasabi headquater is at United States