Wasabi Technologies

Wasabi Technologies, Inc.
FormerlyBlue Archive
TypePrivate
IndustryCloud storage software
FoundedJune 1, 2017; 9 years ago (2017-06-01) in Boston, Massachusetts, United States
Founder
  • David Friend
  • Jeff Flowers
Headquarters
Boston, Massachusetts
,
U.S.
Area served
Worldwide
Key peopleDavid Friend (CEO)
Jeff Flowers (CTO)
ProductsWasabi Hot Storage
Websitewasabi.com
Footnotes

Wasabi Technologies, Inc. is an American object storage service provider based in Boston, Massachusetts that sells cloud storage. The company was co-founded in September 2015 by David Friend and Jeff Flowers and launched its cloud storage product in May 2017.

History

Wasabi founders, David Friend and Jeff Flowers, were previously co-founders of Carbonite, an online backup service, as well as several other companies. Friend’s first venture, ARP Instruments, developed synthesizers used by artists including Stevie Wonder, David Bowie, and Led Zeppelin. He later founded Computer Pictures Corporation, Pilot Software, Faxnet, and Sonexis.

The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after the Japanese horseradish. Wasabi's core offering is its "hot" file storage that is fully compatible with the Amazon S3 API.

Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia. The company has since grown to have 16 storage regions and serving customers in more than 100 countries as of 2025.

In November 2021, Wasabi Technologies became the title sponsor of the Fenway Bowl, an annual college football bowl game played at Fenway Park in Boston. The sponsorship covers a multi-year agreement and includes the establishment of an executive committee composed of regional business, education, and non-profit leaders charged with advancing the game’s educational and community-oriented mission.

Wasabi reached unicorn status in September 2022, following a $250 million financing round that valued the company at approximately $1.1 billion.

In January 2026, the company announced it had raised $70 million in a funding round led by L2 Point Management. The funding will allow for increased AI storage, a new storage class the company started in late 2025. This was followed by securing a $250 million credit facility in April 2026, and launching a dedicated AI business division in September 2026.

References

  1. ↑ "Cloud storage startup Wasabi Technologies raises $68 million - Storage Soup". Archived from the original on 2018-11-08. Retrieved 2018-11-07.
  2. ↑ Kepes, Ben (3 May 2017). "Wasabi serves up some spicy AWS-killer claims". NetworkWorld. IDG. Retrieved 7 November 2018.
  3. 1 2 Cline, Keith. "Wasabi - Taking on the Tech Giants with Hot Storage". Venture Fizz. Archived from the original on 2017-05-13. Retrieved 9 February 2018.
  4. ↑ Engel, Jeff (3 May 2017). "Friend & Flowers Return With Wasabi, Take on Amazon in "Hot Storage"". Xconomy. Xconomy, Inc.
  5. ↑ Albertson, Mark (2022-07-20). "Wasabi's 'hot cloud storage' gains traction as data security strategies evolve". SiliconANGLE. Retrieved 2022-11-26.
  6. ↑ "David Friend, Wasabi Technologies CEO and Co-Founder, Announced as Keynote Speaker at TiE Boston Annual Gala on Dec. 2, 2022". INDIA New England News. 2022-11-22. Retrieved 2022-11-26.
  7. ↑ Vera. "Wasabi Hot Cloud Storage Review". www.multcloud.com. Retrieved 2025-11-11.
  8. ↑ "What is the difference between Amazon S3 and Wasabi?". docs.wasabi.com. Retrieved 2025-11-11.
  9. ↑ Lawson, Stephen (3 May 2017). "How to size up a new cloud service like low-priced Wasabi". NetworkWorld. IDG. Retrieved 9 February 2018.
  10. ↑ "Wasabi Storage Regions". Wasabi.com. Retrieved 2025-11-19.{{cite web}}: CS1 maint: url-status (link)
  11. 1 2 Wiggers, Kyle (2022-09-27). "Cloud storage startup Wasabi raises $250M to reach unicorn status". TechCrunch. Retrieved 2025-11-11.
  12. ↑ Moore, Grayson (2021-11-03). "ESPN Events' Fenway Bowl Announces Wasabi Technologies as Title Sponsor". ESPN Events. Retrieved 2025-11-19.
  13. ↑ "The 2024 Wasabi Fenway Bowl". wasabi.com. Retrieved 2025-11-19.
  14. ↑ Butler, Georgia (2026-01-13). "Wasabi Technologies raises $70m in equity funding round". www.datacenterdynamics.com. Retrieved 2026-02-05.
  15. ↑ "Wasabi's cloud storage service gets $70M funding boost". SiliconANGLE. 2026-01-13. Retrieved 2026-02-05.
  16. ↑ Mellor, Chris (2025-10-06). "Wasabi secures $32.5M to fuel AI storage push". Blocks and Files. Retrieved 2026-02-05.
  17. ↑ Butler, Georgia (2025-11-24). "Wasabi launches storage offering for AI workloads and new region". www.datacenterdynamics.com. Retrieved 2026-02-05.
  18. ↑ Mellor, Chris (2026-04-21). "Wasabi gets quarter billion credit facility". Blocks and Files. Situation Publishing. Archived from the original on 2026-07-30. Retrieved 2026-10-03.
  19. ↑ "Wasabi Launches Silicon Valley AI Business, Names Pinaki Mukherjee to Lead". citybiz. 2026-09-10. Archived from the original on 2026-10-03. Retrieved 2026-10-03.