Wasabi Technologies, Inc. is an American

object storage Object storage (also known as object-based storage) is a computer data storage that manages data as objects, as opposed to other storage architectures like file systems which manages data as a file hierarchy, and block storage which manages data as ...

service provider based in Boston, Massachusetts that sells one product, an object storage service called Wasabi Hot Cloud Storage. The company was co-founded in September 2015 by David Friend and Jeff Flowers and launched its

cloud storage Cloud storage is a model of computer data storage in which the digital data is stored in logical pools, said to be on "the cloud". The physical storage spans multiple servers (sometimes in multiple locations), and the physical environment is t ...

product in May 2017.

History

Friend and Flowers were previously co-founders of Carbonite, an online backup service, among other companies. Friend also previously launched ARP Instruments, Computer Pictures, Pilot Software, and Faxnet. The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot

Japanese horseradish Wasabi ( Japanese: , , or , ; ''Eutrema japonicum'' or ''Wasabia japonica'') or Japanese horseradish is a plant of the family Brassicaceae, which also includes horseradish and mustard in other genera. The plant is native to Japan and the Russian ...

. Wasabi Technologies, Inc. was launched with a single data center location in

Ashburn, Virginia Ashburn is a census-designated place (CDP) in Loudoun County, Virginia, United States. At the 2010 United States Census, its population was 43,511, up from 3,393 twenty years earlier. It is northwest of Washington, D.C., and part of the Washingt ...

, a limitation that generated concern in the online tech forum,

Hacker News Hacker News (sometimes abbreviated as HN) is a social news website focusing on computer science and entrepreneurship. It is run by the investment fund and startup incubator Y Combinator. In general, content that can be submitted is defined as "any ...

. On January 30, 2018,

Frost & Sullivan Frost & Sullivan is an American business consulting firm. It offers market research and analysis, growth strategy consulting, and corporate training. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is in San ...

gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award. On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers. On June 28, 2018, Chris Fenton (former President and General Manager of

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) joined the advisory board. Wasabi also launched its new data center in Hillsboro, Oregon. In October 2018, the company announced plans to open its first European data center in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

. On March 5, 2019, the company announced that its third data center, the first one located in Europe, opened in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

, Netherlands. On April 2, 2019, Wasabi launched its partner network, a volume-based incentive program. In September 2019, Wasabi Technologies announced it had received an investment of an undisclosed amount from NTT DOCOMO Ventures. The companies also made a joint announcement of the availability of Wasabi hot cloud storage as part of its Enterprise Cloud service, which became available in the US, EMEA and APAC regions. In October 2019, the company announced the launch of its fourth data center in Virginia. On November 4, 2021, Wasabi Technologies signed on as sponsor for the

Fenway Bowl The Fenway Bowl is an NCAA Division I Football Bowl Subdivision college football bowl game played at Fenway Park in Boston, Massachusetts. Organized by ESPN Events and Fenway Sports Management, it features teams from the American Athletic Confere ...

. In March 2022, the company signed a multi-year deal with the

Boston Bruins The Boston Bruins are a professional ice hockey team based in Boston. The Bruins compete in the National Hockey League (NHL) as a member of the Atlantic Division in the Eastern Conference. The team has been in existence since 1924, making t ...

and

TD Garden TD Garden is a multi-purpose arena in Boston, Massachusetts. It is named after its sponsor, TD Bank, a subsidiary of the Toronto-Dominion Bank of Toronto, Ontario. It opened in 1995 as a replacement for the original Boston Garden and has been k ...

and became their Official Cloud Storage Partner. In June of that same year they also secured the naming rights of the NESN studio at

Fenway Park Fenway Park is a baseball stadium located in Boston, Massachusetts, United States, near Kenmore Square. Since 1912, it has been the home of the Boston Red Sox, the city's American League baseball team, and since 1953, its only Major League Base ...

. In 2022, Wasabi Technologies established partnerships with Scale Commuting, Axis Communication, and Hivelocity. In September 2022, the company reached unicorn status when it raised $250 million in a Series D round of funding. During March 2023,

Liverpool F.C. Liverpool Football Club is a professional football club based in Liverpool, England. The club competes in the Premier League, the top tier of English football. Founded in 1892, the club joined the Football League the following year and has p ...

announced that the club has moved the majority of its IT operations to Wasabi Technologies' cloud storage. In May 2023, Opti9 partnered with Wasabi Technologies to provide clients with disaster recovery capabilities.

Funding

* September 2018: Wasabi Technologies, Inc. raised $68 million * October 2019: Wasabi Technologies, Inc. received an investment for an undisclosed amount from NTT DOCOMO Ventures. * May 2020: Wasabi Technologies, Inc. raised $30 million * October 2022: Wasabi Technologies, Inc. raised $250 million

References

External links

* {{Official, http://www.wasabi.com Cloud storage File hosting Online backup services Object storage Technology companies based in the Boston area Technology companies established in 2017 Technology companies of the United States