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Wasabi Technologies

Summary

Wasabi Technologies, Inc. is an American object storage service provider based in Boston, Massachusetts that sells one product, an object storage service called Wasabi Hot Cloud Storage.[2] The company was co-founded in September 2015 by David Friend and Jeff Flowers and launched its cloud storage product in May 2017.[3]

Wasabi Technologies, Inc.
FormerlyBlue Archive
Company typePrivate
IndustryCloud storage software
FoundedJune 1, 2017; 6 years ago (2017-06-01) in Boston, Massachusetts, U.S.
FounderDavid Friend, Jeff Flowers
Headquarters
Boston, Massachusetts
,
U.S.
Area served
Worldwide
Key people
David Friend CEO
Jeff Flowers CTO
ProductsWasabi Hot Storage
Websitewasabi.com
Footnotes / references
[1]

History edit

Friend and Flowers were previously co-founders of Carbonite, an online backup service, among other companies.[4] Friend also previously launched ARP Instruments, Computer Pictures, Pilot Software, and Faxnet.[5][6]

The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot Japanese horseradish.[7]

Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia,[8] a limitation that generated concern in the online tech forum, Hacker News.[9]

On January 30, 2018, Frost & Sullivan gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award.[10]

On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers.[11]

On June 28, 2018, Chris Fenton (former President and General Manager of DMG Entertainment) joined the advisory board.[12] Wasabi also launched its new data center in Hillsboro, Oregon.[13][14]

In October 2018, the company announced plans to open its first European data center in the Netherlands.[15]

On March 5, 2019, the company announced that its third data center, the first one located in Europe, opened in Amsterdam, Netherlands.[16][17]

On April 2, 2019, Wasabi launched its partner network, a volume-based incentive program.[18][19]

In September 2019, Wasabi Technologies announced it had received an investment of an undisclosed amount from NTT DOCOMO Ventures.[20] 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.[21] In October 2019, the company announced the launch of its fourth data center in Virginia.[21]

On November 4, 2021, Wasabi Technologies signed on as sponsor for the Fenway Bowl.[22]

In March 2022, the company signed a multi-year deal with the Boston Bruins and TD Garden and became their Official Cloud Storage Partner.[23] In June of that same year they also secured the naming rights of the NESN studio at Fenway Park.[24]

In 2022, Wasabi Technologies established partnerships with Scale Commuting,[25] Axis Communication,[26] and Hivelocity.[27]

In September 2022, the company reached unicorn status when it raised $250 million in a Series D round of funding.[28][29]

During March 2023, Liverpool F.C. announced that the club has moved the majority of its IT operations to Wasabi Technologies' cloud storage.[30]

In May 2023, Opti9 partnered with Wasabi Technologies to provide clients with disaster recovery capabilities.[31]

Funding edit

  • September 2018: Wasabi Technologies, Inc. raised $68 million[32]
  • October 2019: Wasabi Technologies, Inc. received an investment for an undisclosed amount from NTT DOCOMO Ventures.[20]
  • May 2020: Wasabi Technologies, Inc. raised $30 million[33][34]
  • October 2022: Wasabi Technologies, Inc. raised $250 million[35][36]

References edit

  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. ^ Cline, Keith. "Wasabi - Taking on the Tech Giants with Hot Storage". Venture Fizz. 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. ^ "Wasabi - Taking on the Tech Giants with Hot Storage". VentureFizz. 2017-05-02. Retrieved 2018-01-21.
  8. ^ Lawson, Stephen (3 May 2017). "How to size up a new cloud service like low-priced Wasabi". NetworkWorld. IDG. Retrieved 9 February 2018.
  9. ^ "Wasabi - Simple storage solution". Hacker News. Y Combinator. Retrieved 9 February 2018.
  10. ^ "Frost & Sullivan Recognizes Wasabi for Its Hot Cloud Storage Solution with 2017 North American Technology Innovation Award". Yahoo! Finance. Yahoo.
  11. ^ Bray, Hiawatha (19 March 2018). "Data storage beyond the clouds: Wasabi promises a super-secure system in space". The Boston Globe. Retrieved 20 March 2018.
  12. ^ "Chris Fenton, Former President & GM of DMG, Joins Wasabi Advisory Board". CNBC. NBCUniversal. Retrieved 7 November 2018.
  13. ^ "Cloud Online File Data Backup Remote Offsite File Storage Reviews - Small Businesses, Enterprises, Providers Directory, SaaS, Cloud Computing, Data Storage Services, CEO Interviews. Choose the right Internet Web based Cloud Backups solution". Retrieved 2020-06-24.
  14. ^ "Wasabi Debuts New Data Center In Hillsboro, Oregon". www.missioncriticalmagazine.com. Retrieved 2020-06-24.
  15. ^ "Wasabi Technologies Announces Plans to Open Data Centre in Holland". Invest in Holland. Netherlands Foreign Investment Agency. Retrieved 7 November 2018.
  16. ^ "Wasabi to open first European data centre in Amsterdam | StartupAmsterdam". www.iamsterdam.com. Retrieved 2020-06-24.
  17. ^ "Cloud startup Wasabi launches its third data centre in Amsterdam". Data Economy. 2019-03-06. Retrieved 2020-06-24.
  18. ^ Haranas, Mark (2019-04-02). "Wasabi Partner Network To 'Disrupt Storage' Market: Exclusive". CRN. Retrieved 2020-06-24.
  19. ^ April 3 (2019-04-03). "Wasabi Debuts First Partner Program for Hot Cloud Storage". Channel Partners. Retrieved 2020-06-24.{{cite web}}: CS1 maint: numeric names: authors list (link)
  20. ^ a b "Hot cloud storage startup Wasabi secures investment from NTT DOCOMO Ventures to take on Amazon S3". Tech News | Startups News. 2019-09-30. Retrieved 2020-06-24.
  21. ^ a b Haranas, Mark (2019-10-29). "Red-Hot Cloud Storage Startup Wasabi Opens New Data Center". CRN. Retrieved 2020-06-24.
  22. ^ "Fenway Bowl Announces Wasabi Technologies as Title Sponsor". Retrieved November 4, 2020.
  23. ^ "WASABI TECHNOLOGIES BECOMES OFFICIAL CLOUD STORAGE PARTNER OF THE BOSTON BRUINS AND TD GARDEN". 2022-03-23.
  24. ^ Friend, Tom (2022-06-16). "Wasabi Technologies Acquires Naming Rights to NESN Studio at Fenway Park". www.sporttechie.com. Retrieved 2022-08-16.
  25. ^ "Scale Computing and Wasabi Technologies Collaborate to Provide Cost-Effective Hybrid Cloud Storage". Database Trends and Applications. 2022-06-22. Retrieved 2022-09-08.
  26. ^ "Wasabi Technologies Partners with Axis Communications: Accelerating the Migration of Video Surveillance to the Cloud". IDC: The premier global market intelligence company. Retrieved 2022-09-08.
  27. ^ Dadhich, Priyanka (2022-04-13). "Hivelocity partners with Wasabi Technologies for high-performance, low-cost cloud infrastructure". Web Hosting | Cloud Computing | Datacenter | Domain News. Retrieved 2022-09-08.
  28. ^ Wiggers, Kyle (2022-09-27). "Cloud storage startup Wasabi raises $250M to reach unicorn status". TechCrunch. Retrieved 2023-01-11.
  29. ^ Green, Hannah (2023-01-03). "VC funding update: Which Boston-area startups raised money in December?". www.bizjournals.com. Retrieved 2023-01-11.
  30. ^ Butler, Georgia (2023-03-14). "UK's Liverpool FC migrates IT to the cloud with Wasabi". Retrieved 2023-04-06.
  31. ^ "Opti9 Partners with Wasabi Technologies to Provide Clients with Disaster Recovery Capabilities and AI-Powered Ransomware Detection". Yahoo Finance. 2023-05-23. Retrieved 2023-06-06.
  32. ^ Miller, Ron. "Wasabi just landed $68 million to upend cloud storage". TechCrunch. Oath Tech Network. Retrieved 7 November 2018.
  33. ^ "Wasabi announces $30M Series B as cloud storage business continues to grow". TechCrunch. Retrieved 2020-06-24.
  34. ^ Walrath, Rowan (May 28, 2020). "Cloud storage startup Wasabi snags $30M, looks to become unicorn". www.americaninno.com. Retrieved 2020-06-24.
  35. ^ "Wasabi Technologies Raises $250 Million as it Expands to Take on AWS, Microsoft, and Google | The Software Report". 2022-10-18. Retrieved 2022-11-26.
  36. ^ Cohan, Peter. "With VC Funding Down 53%, Wasabi Technologies Defies The Odds — Raising $250 Million". Forbes. Retrieved 2022-11-26.

External links edit

  • Official website

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