Wasabi revenue is $54 million
Wasabi is worth $700 million valuation
Wasabi team size is 128 employees
How Wasabi hit $54M Revenue with 23K customers in 2022.
Wasabi Revenue
In 2022, Wasabi revenue run rate hit $54M in revenue.
How did Latka collect this data?
Latka collected this data by interviewing Wasabi CEO David Friend on 04/19/2022
CEO/Founder
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.
CEO 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
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Wasabi Funding History
| FUNDING DATE | ROUND | AMOUNT | TOTAL | 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
Employees
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%) |
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
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.
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