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David Friend

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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 of Wasabi) spoke to Nathan Latka.

Wasabi figures from the interview

Customers (2020)
15,000
Annual Growth (2020)
400% (about 5x)
Total Funding Raised
$80M
Team Size (2020)
100
Price per Terabyte (2020)
$6 per terabyte per month
“Wasabi is just plain storage. So our product is exactly the same for all practical purposes as Amazon S3, which is Amazon's leading cloud storage product, but Wasabi is one fifth the price.”
“We have about 100 employees now, we have about 15,000 customers and about 1,700 channel partners and technology partners, people who sell Wasabi bundled with various products.”
“A customer with 50 terabytes or 100 terabytes might be spending $300 to $600 a month. But we have some very large customers as well, people like some big universities and so forth who are storing many petabytes.”

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Bio

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.

Company

Wasabi

Boston, United States · Founded 2017

Revenue
$160.1M
Funding
$426.6M
Team size
553
Customers
15K

Company profile →CEO interview →

Also at Wasabi