Wasabi logo
Founded 2017

Wasabi

2021 Revenue

$54.0M

YOY

200.00%

Funding

$268.3M

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.

Monthly Revenue

$4.5M

+ $3.0M (200.00%)
Total Expenses

$4.5M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

200.00%

=
Rule of 40

200


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Wasabi CEO David Friend on 05/20/2021

Watch the podcast


Headquarters

800 Boylston Street BostonMassachusettsUnited States
$Funding$Revenue

Wasabi Revenue

In 2021, Wasabi revenue run rate hit $54.0M in revenue.

200.00%▲$18.0M$54.0M

Wasabi Valuation and Funding History

Wasabi has raised a total of $268.3M.

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

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 128 employees. They have 21 sales reps that carry a quota, an engineering team of 35 and a marketing team of 14.

201820192020202161.00%▲27.00%▲28.00%▲
DistributionQty

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

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 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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