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Wasabi revenue is $54 million

Wasabi is worth $700 million valuation

Wasabi team size is 128 employees


How did Latka collect this data?

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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

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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.

Founded

2017

Founded

Revenue

$54M

2022 Revenue

YOY
-----

YOY

Funding

$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

200.00% ▲$18M$54M

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 DATEROUNDAMOUNTVALUATION
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

201820192020202161▲27▲28▲
DISTRIBUTIONQTY
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

$0$1.2K024681012
$0$1.2K024681012

Churn

Wasabi has an annual churn rate of 0.00%.

-100-500%50100

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

NamePosition

Wasabi Executives

NamePosition
David Friend CEO

Wasabi Employees

NamePosition
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