Wasabi logo
Founded 2017

Wasabi

2020 Revenue

$18.0M

YOY

Funding

$131.3M

Overview

About Wasabi

Hot Cloud Storage Company

Monthly Revenue

$1.5M

Total Expenses

$1.5M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Wasabi CEO David Friend on 12/29/2020

Watch the podcast


Headquarters

800 Boylston Street BostonMassachusettsUnited States

Wasabi Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Wasabi revenue run rate hit $18.0M in revenue.

$18.0M

Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?

Wasabi has raised $131.3M.

Funding DateRoundTotalValuation
12/29/2020$31.2M
04/15/2020$27.9M
08/22/2018$13.4M
07/31/2018$39.8M
07/14/2017$10.8M
12/01/2016$6.3M
05/02/2016$1.9M

Customers

Wasabi has 15K customers.

Lifetime Months

×
Monthly ARPU

$100.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$1.2K

$0$1.2K024681012

Churn

Wasabi has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

70.00%

Net Revenue Retention

170.00%

Team

Employees

Wasabi has 103 employees. They have 19 sales reps that carry a quota, an engineering team of 30 and a marketing team of 9.

20182019202061.00%▲27.00%▲
DistributionQty

Total Team Size

103

Engineers

30 (29%)

Sales

19 (18%)

Marketing

9 (9%)

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.


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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Frequently Asked Questions about Wasabi

When was Wasabi founded?

Wasabi was founded in 2017.


Who is the CEO of Wasabi?

The CEO of Wasabi is David Friend


How many employees does Wasabi have?

Wasabi has 103 employees.

How much revenue does Wasabi generate?

Wasabi generates $18.0M in revenue.


How much funding does Wasabi have?

Wasabi has raised $131.3M.


Where is Wasabi headquarters?

Wasabi is headquartered at 800 Boylston Street BostonMassachusettsUnited States

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