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Wasabirevenue, valuation & funding

Cloud File Storage SoftwareBoston, MassachusettsFounded 2017CEO David Friend

Wasabi is a Boston-based cloud object storage company founded in 2017 by David Friend and Jeff Flowers, who previously co-founded Carbonite together along with four other companies.

wasabi.comLinkedInUpdated Oct 7, 2026
Annual revenue
$160.1M
Oct 2024EST.
Latka Top
#43
of 1,372 interviewed companiesEST.
Valuation
$1.1B
Oct 2024
Total raised
$426.6M
11 rounds
Employees
553
Nov 2025

Wasabi revenue

Wasabi has not published its revenue. GetLatka estimates it at about $160.1M a year (October 2024). Wasabi is #43 on the Latka Top. The Latka Top ranks the 1,372 companies Nathan Latka has interviewed by revenue.

$0
$50M
$100M
$150M
$18M
$54M
$92.5M
$134.7M
$160.1M
20202021202220232024
ReportedEstimateOne figure per year; a reported figure wins over an estimate
All 5 revenue readings, with sources
As ofRevenueSource
Feb 2020$18M–
May 2021$54M–
Nov 2022$92.5M–
Nov 2023$134.7MEST.GetLatka estimate
Oct 2024$160.1MEST.GetLatka estimate

– source not recorded

Wasabi valuation

Wasabi is privately held, so there is no Wasabi stock to buy. Investors valued it at $1.1B in its October 2024 Series D.

Valuation history$1.1B Series D 2024$700M 2021

Wasabi funding rounds & investors

Wasabi has raised $426.6M across 11 rounds since 2016. The latest was a $125M Series D in October 2024.

DateRoundRaisedValuation
Oct 2024Series D$125M$1.1B
May 2021Funding round$25M–
Apr 2021Funding round$112M$700M
Dec 2020Funding round$31.2M–
Apr 2020Funding round$27.9M–
Aug 2018Funding round$13.4M–
Mar 2018Debt Financing$39.9M–
Jul 2017Funding round$10.8M–
Dec 2016Funding round$6.3M–
Oct 2016Debt Financing$33.2M–
May 2016Funding round$1.9M–
Total raised$426.6M

Interviews with David Friend

Nathan Latka has interviewed Wasabi once, speaking with David Friend. Each figure links to the second it was said.

Watch: How Wasabi Reached 15,000 Customers and 400% Annual Growth with $80M Raised (Interview with Co-Founder and CEO David Friend)

David Friend, Co-Founder and CEO

How Wasabi Reached 15,000 Customers and 400% Annual Growth with $80M Raised (Interview with Co-Founder and CEO David Friend)

Read the interviewWatch

Growth tactics they described: Value-Added ResellersWatch at 1:52

Wasabi competitors

Wasabi competes most directly with DigitalOcean, Backblaze and Vultr Holdings Corporation.

CompanyRevenueFundingEmployeesCustomersFounded
DigitalOcean$901.4M$150M906700K2012
Wasabi$160.1M$426.6M55315K2017
Backblaze$145.8M$5.3M164–2007
Vultr Holdings Corporation$13.6M$662M256–2014

Wasabi CEO, founders & employees

David Friend founded Wasabi in 2017 and runs it as CEO. Wasabi has 553 employees (November 2025, LinkedIn), up from 478 a year earlier.

BoardRoger Biscay, Chris Fenton, Kerstin Dittmar, George Neble, Lou Shipley, Alexander Papadimitriou

0
200
400
49
79
100
153
262
364
478
553
20182019202020212022202320242025
ReportedOne figure per year; a reported figure wins over an estimate
All 13 headcount readings, with sources
As ofEmployeesSource
Nov 2025553LinkedIn
Oct 2024478LinkedIn
Nov 2023364–
Sep 2023364–
2023311–
Nov 2022262–
2022262–
Nov 2021153–
Aug 2021153–
May 2021128–
2020100David Friend on cameraWatch at 1:23
Dec 201979–
Dec 201849–

Wasabi FAQ

What is Wasabi's revenue?

GetLatka estimates Wasabi's revenue at about $160.1M a year (October 2024). The company hasn't published its own figure.

What is Wasabi's valuation?

Investors valued Wasabi at $1.1B in its October 2024 Series D.

How much funding has Wasabi raised?

Wasabi has raised $426.6M across 11 funding rounds. The latest was a $125M Series D in October 2024.

Is Wasabi publicly traded?

No. Wasabi is a private company, so its shares aren't traded on a stock exchange.

How many employees does Wasabi have?

Wasabi has 553 employees as of November 2025, according to LinkedIn.

Who is the CEO of Wasabi?

David Friend is the CEO of Wasabi and founded the company in 2017. Nathan Latka interviewed David Friend.

Who founded Wasabi?

David Friend founded Wasabi in 2017.

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How this page is sourced

7 said on camera · 2 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice. The Latka Top ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.

Updated Oct 7, 2026Data disclaimerReport a correctionClaim this profile