Company Overview
Wasabi is a hot cloud storage provider founded in 2017 by David Friend (co-founder of Carbonite) and Jeff Flowers, headquartered in Boston, Massachusetts, USA. Wasabi is renowned for its "no egress fees" pricing model and S3-compatible object storage, priced at a fraction of mainstream cloud storage offerings.
With a valuation exceeding $1 billion (as of 2022) and over 40,000 customers, Wasabi serves a wide range of use cases including backup, archive, video surveillance, and CDN origin storage.
Core Products
| Product | Description |
|---|---|
| Wasabi Hot Cloud Storage | High-performance hot cloud storage, S3-compatible |
| Wasabi S3-Compatible API | AWS S3 API compatible, seamless migration |
| Wasabi Cloud NAS | Virtual NAS gateway for file-level cloud storage access |
| Wasabi Backup | Integrated with Veeam, Commvault and other backup solutions |
| Wasabi Surveillance | Video surveillance storage designed for security cameras |
Core Strengths
- No Egress Fees: Free data transfer out, no hidden costs
- Low Cost: Approximately 1/5 the price of AWS S3
- S3-Compatible: AWS S3 API compatible, zero migration friction
- High Performance: Consistently fast read/write performance
- Simple Pricing: No complex tiers, single transparent price
Key Milestones
- 2017: Founded by David Friend and Jeff Flowers in Boston, USA
- 2020: Launched Cloud NAS and Surveillance product lines
- 2022: Valuation exceeded $1 billion; surpassed 40,000 customers
- 2026: Continues to expand hot cloud storage services globally
Market Position
Wasabi competes with the following providers in the global cloud storage market:
- AWS S3: The world's largest object storage service
- Backblaze B2: Low-cost cloud storage for individuals and businesses
- Google Cloud Storage: Google Cloud Platform's object storage service
- Azure Blob Storage: Microsoft Azure's block storage service
- DigitalOcean Spaces: Developer-focused object storage
- Scaleway Object Storage: European cloud provider's object storage
