Wasabi Technologies

Wasabi Technologies, Inc. is an object storage service provider based in the United States. It sells one product, an object storage service called Wasabi Hot Cloud Storage.[2] The company was founded in September, 2015, and launched its cloud storage product in May, 2017.[3]

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

The company was co-founded by David Friend and Jeff Flowers. Friend, who is CEO of the company, claims that the software "manages how data center hardware stores and organizes information," resulting in high-speed reading and writing of data.[4]

History

Friend and Flowers were previously co-founders of Carbonite, an online backup service, among other companies.[4] The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot Japanese horseradish.[5]

Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia,[6] a limitation that generated concern in the online tech forum, Hacker News.[7]

On January 30, 2018, Frost & Sullivan gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award.[8]

On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers.[9]

On June 28, 2018, Chris Fenton (former President and General Manager of DMG Entertainment) joined the advisory board.[10] Wasabi also launched its new data center in Hillsboro, Oregon.[11][12]

In October 2018, the company stated that it plans to open its first European data center in the Netherlands.[13]

On March 5, 2019, the company announced that its 3rd data center – 1st European data center is open in Amsterdam, Netherlands.[14][15]

On April 2nd, 2019, Wasabi launched its partner network, a volume-based incentive program.[16][17]

In October 2019, the company announced the launch of its 4th data center in Virginia.[18] They also received an investment of an undisclosed amount from NTT DOCOMO Ventures.[19] Later they 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.[18]

In February 2020, Reserved Capacity Storage(RCS) pricing model was introduced by Wasabi. It enabled the customers to buy a reserved amount of cloud storage at a fixed price for a certain duration. At the same time, Wasabi in partnership with NTT Com, launched its services in Japan.[20]

Funding
  • May, 2017: Wasabi Technologies, Inc. raised $8.9 million[21]
  • August, 2017: Wasabi Technologies, Inc. raised $10.8 million[21]
  • September, 2018: Wasabi Technologies, Inc. raised $68 million[22]
  • May, 2020: Wasabi Technologies, Inc. raised $30 million[23][24]

References
  1. https://itknowledgeexchange.techtarget.com/storage-soup/cloud-storage-startup-wasabi-technologies-raises-68-million/
  2. Kepes, Ben. "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. Venture Fizz. Retrieved 9 February 2018.
  4. Engel, Jeff. "Friend & Flowers Return With Wasabi, Take on Amazon in "Hot Storage"". Xconomy. Xconomy, Inc.
  5. "Wasabi - Taking on the Tech Giants with Hot Storage". VentureFizz. 2017-05-02. Retrieved 2018-01-21.
  6. Lawson, Stephen. "How to size up a new cloud service like low-priced Wasabi". NetworkWorld. IDG. Retrieved 9 February 2018.
  7. "Wasabi - Simple storage solution". Hacker News. Y Combinator. Retrieved 9 February 2018.
  8. "Frost & Sullivan Recognizes Wasabi for Its Hot Cloud Storage Solution with 2017 North American Technology Innovation Award". Yahoo! Finance. Yahoo.
  9. 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.
  10. "Chris Fenton, Former President & GM of DMG, Joins Wasabi Advisory Board". CNBC. NBCUniversal. Retrieved 7 November 2018.
  11. "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.
  12. "Wasabi Debuts New Data Center In Hillsboro, Oregon". www.missioncriticalmagazine.com. Retrieved 2020-06-24.
  13. "Wasabi Technologies Announces Plans to Open Data Centre in Holland". Invest in Holland. Netherlands Foreign Investment Agency. Retrieved 7 November 2018.
  14. "Wasabi to open first European data centre in Amsterdam | StartupAmsterdam". www.iamsterdam.com. Retrieved 2020-06-24.
  15. "Cloud startup Wasabi launches its third data centre in Amsterdam". Data Economy. 2019-03-06. Retrieved 2020-06-24.
  16. Haranas, Mark (2019-04-02). "Wasabi Partner Network To 'Disrupt Storage' Market: Exclusive". CRN. Retrieved 2020-06-24.
  17. April 3 (2019-04-03). "Wasabi Debuts First Partner Program for Hot Cloud Storage". Channel Partners. Retrieved 2020-06-24.
  18. Haranas, Mark (2019-10-29). "Red-Hot Cloud Storage Startup Wasabi Opens New Data Center". CRN. Retrieved 2020-06-24.
  19. "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.
  20. Azevedo, Mary Ann (2020-05-28). "Wasabi Raises $30M More To Take On Giants In Cloud Storage Space". Crunchbase News. Retrieved 2020-06-24.
  21. "Wasabi Technologies, Inc | Crunchbase". Crunchbase. Retrieved 2018-01-21.
  22. Miller, Ron. "Wasabi just landed $68 million to upend cloud storage". TechCrunch. Oath Tech Network. Retrieved 7 November 2018.
  23. "Wasabi announces $30M Series B as cloud storage business continues to grow". TechCrunch. Retrieved 2020-06-24.
  24. www.americaninno.com https://www.americaninno.com/boston/funding-boston/cloud-storage-startup-wasabi-snags-30m-looks-to-become-unicorn/. Retrieved 2020-06-24. Missing or empty |title= (help)
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