How Wasabi hit $54.0M in Revenue with 23K Customers in 2021.
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.
$4.5M
+ $3.0M (200.00%)
$4.5M
-$1.0
0.00%
200.00%
200
How did Latka collect this data?
Latka collected this data by interviewing Wasabi CEO David Friend on 05/20/2021
Headquarters
800 Boylston Street BostonMassachusettsUnited StatesWasabi Revenue
In 2021, Wasabi revenue run rate hit $54.0M in revenue.
Wasabi Valuation and Funding History
| Funding Date | Round | Amount | Total | Valuation |
|---|---|---|---|---|
| 05/20/2021 | $25.0M | |||
| 04/29/2021 | $112.0M | $700.0M | ||
| 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 23K customers.
—
$100.0
—
—
$1.2K
Churn
Wasabi has an annual churn rate of 0.00%
Churn vs Expansion
-0.00%
70.00%
170.00%
Team
Employees
Wasabi has 128 employees. They have 21 sales reps that carry a quota, an engineering team of 35 and a marketing team of 14.
| Distribution | Qty |
|---|---|
Total Team Size | 128 |
Engineers | 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.
CEO Q&A
72
Netsuite
Getting to Yes
No
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 128 employees.
How much revenue does Wasabi generate?
Wasabi generates $54.0M in revenue.
How much funding does Wasabi have?
Wasabi has raised $268.3M.
Where is Wasabi headquarters?
Wasabi is headquartered at 800 Boylston Street BostonMassachusettsUnited States
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