Wasabi Technologies
Wasabi Technologies is a Boston-based S3-compatible hot cloud object storage provider serving enterprises in 100+ countries with no-fee, hyperscaler-alternative pricing across 16 global regions, complemented by AI media services, surveillance storage, and ransomware-resilient backup tools sold primarily through 17,000+ channel partners.
- Company typePrivate
- Founded2015
- HeadquartersBoston, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Wasabi Technologies does
Wasabi Technologies is a Boston-based private cloud object storage company founded in 2015 that operates an S3-compatible hot cloud storage platform across 16 enterprise storage regions covering North America, EMEA, and Asia-Pacific, managing in excess of 3 exabytes of customer data across more than 100 countries. The company's core technology is a single-tier hot object storage architecture with 99.9% system availability and 11 nines (99.999999999%) data durability, exposing 100% S3-API compatibility so that applications written for AWS S3, Azure Blob, or Google Cloud Storage run unchanged. Wasabi monetizes primarily through pay-as-you-go subscriptions starting at $6.99 per terabyte per month (scheduled to rise to $7.99 in July 2026) and reserved-capacity contracts in 1, 3, or 5-year terms, with no separate fees charged for egress, API requests, or data retrieval - the cost-economics that anchor the company's competitive positioning against hyperscale providers.
The product portfolio has expanded beyond core object storage into adjacent managed services: Wasabi AiR (AI-powered intelligent media storage with auto-tagging and speech-to-text), Wasabi Fire (NVMe-class high-performance storage for AI/ML workloads launched in 2026), Surveillance Cloud, Cloud NAS, and tools such as Cloud Sync Manager, Object Replication, Direct Connect, the Wasabi Ball physical data-transfer appliance, and the patent-pending Covert Copy ransomware-recovery feature with Multi-User Authorization. Wasabi sells primarily through a channel-first go-to-market with 17,000+ resellers, MSPs, system integrators, and technology alliance partners (Veeam, Commvault, Cohesity, Rubrik, HYCU, Dell Technologies, IBM, Synology, Pure Storage, Axis Communications, Hanwha Vision, Milestone, and NVIDIA among others), complemented by direct enterprise field sales and a self-serve product-led funnel featuring 30-day free trials and a TCO calculator. The company has raised over $700 million in cumulative equity and debt funding, achieved a $1.8 billion valuation in January 2026, and in April 2026 acquired Seagate's Lyve Cloud business to broaden its enterprise customer base.
Wasabi Technologies firmographics
Firmographics- Name
- Wasabi Technologies
- Legal name
- Wasabi Technologies
- Website
- https://wasabi.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Wasabi Technologies is a Boston-based S3-compatible hot cloud object storage provider serving enterprises in 100+ countries with no-fee, hyperscaler-alternative pricing across 16 global regions, complemented by AI media services, surveillance storage, and ransomware-resilient backup tools sold primarily through 17,000+ channel partners.
- Ownership category
- akta.pro rank
Wasabi Technologies industry classification
Industry- Product category
- Cloud Object Storage
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372), Computer Storage Devices (3572), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Cloud Storage Core Services (Object/Block/File Storage as a Service) (HDABAAAK)
- akta.pro secondary industries
- Object Storage Platforms (HDABAEAC), Hybrid Cloud Storage & Backup Infrastructure (HDABAMAG), Continuity for SaaS & Cloud Apps (M365/Salesforce Backup) (HDABAIAK), Cloud FinOps & SaaS Spend Management (BPAEAOAH)
Keywords
Where Wasabi Technologies is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Wasabi Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Hot Cloud Storage Subscription: Primary revenue stream from cloud object storage services. Customers pay a flat rate per terabyte per month for storage capacity with no additional fees for egress, API requests, or data retrieval. Supports pay-as-you-go and reserved capacity pricing models.
- Reserved Capacity Storage: Long-term commitment pricing model offering discounts for 1-year, 3-year, or 5-year capacity purchases. Provides predictable budgeting for enterprises with predictable storage needs.
- Premium Support Plans: Optional paid support plans offering enhanced technical support beyond the free basic plan included with standard accounts.
- Data Transfer Appliances: One-time hardware sales of Wasabi Ball data transfer appliances for organizations requiring physical data migration capabilities.
- Wasabi AiR (Intelligent Media Storage): AI-powered media storage service with automated metadata tagging and transcription capabilities, positioned as a premium offering for media and entertainment customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Pay-as-you-go hot cloud storage starting at $6.99/TB/month |
| Subscription | Multi-year contract | Reserved capacity storage with term-based discounts |
| Subscription | Monthly | Wasabi Fire NVMe storage class for AI workloads |
| Subscription | Monthly | Account Control Manager multi-tenant management platform |
| Subscription | Pay-as-you-go | Wasabi Cloud NAS at $8.99/month |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
Wasabi Technologies product offering
Product offeringCore offering
Wasabi Technologies sells S3-compatible hot cloud object storage as a service, delivering high-performance, always-available storage with a single hot tier (no cold/archive tiers), 11 nines of durability, and 99.9% availability. Its differentiated pricing model charges a flat rate per terabyte per month with no fees for egress, API requests, or data retrieval, positioning it as a cost-effective alternative to AWS S3, Azure, and Google Cloud. The platform spans 16 enterprise-class storage regions globally and is augmented by AI media storage, NVMe storage, surveillance cloud, cloud NAS gateway, and migration/multi-tenant tools.
Product overview
Wasabi Technologies offers a cloud object storage platform with multiple storage tiers and management tools. The core offering is Wasabi Hot Cloud Storage, an S3-compatible hot object storage service with flat-rate pricing and no egress fees. The product portfolio includes Wasabi Fire (NVMe-based high-performance storage for AI workloads), Wasabi AiR (AI-powered intelligent media storage with metadata tagging and transcription), Surveillance Cloud (video surveillance storage), and Cloud NAS (cloud gateway extension). Management tools include Account Control Manager (multi-tenant MSP platform), Object Replication, Cloud Sync Manager (migration), Direct Connect (private networking), and Wasabi Ball (physical data transfer appliance). Security features include Covert Copy (patent-pending ransomware protection) and Object Lock (immutability). The platform serves customers in over 100 countries across 16 global storage regions.
Differentiator
Problem solved
Functional benefit
Brands
- Wasabi AiR: AI-powered intelligent media storage service that integrates high-performance cloud storage with AI metadata auto-tagging and speech-to-text transcription for media content management.
- Wasabi Fire
- Wasabi Hot Cloud Storage
- Wasabi Surveillance Cloud
- Wasabi Cloud NAS
- Covert Copy
- Wasabi Account Control Manager
- Cloud Sync Manager
- Wasabi Ball
- Wasabi Direct Connect
Products and services
- Wasabi Hot Cloud Storage Flagship S3-compatible hot cloud object storage with 99.9% availability, 11 nines durability, flat-rate pricing, and no egress or API fees. Built for enterprises, education, healthcare, media, and MSPs seeking predictable storage cost.
- Wasabi Fire NVMe-based high-performance storage class designed for AI and machine learning workloads, offering compute-intensive storage comparable to Amazon S3 Express One Zone at dramatically lower total cost of ownership. Suitable for AI training and inference data pipelines.
- Wasabi AiR AI-powered intelligent media storage combining hot cloud storage with automated AI metadata tagging, multilingual speech-to-text transcription, and intuitive search. Built for media and entertainment organizations to accelerate content management and discovery.
- Wasabi Surveillance Cloud Cloud storage solution purpose-built for video surveillance workloads, enabling affordable scaling of camera deployments with S3 API connectivity and cloud gateway integration for VMS systems including Axis, Hanwha Vision, and Milestone Systems.
- Wasabi Cloud NAS Cloud gateway software that extends on-premises NAS capacity to infinite cloud storage while maintaining local-speed access within milliseconds. Priced at $8.99/month for pay-as-you-go with available reserve capacity storage discounts.
- Wasabi Account Control Manager Multi-tenant management platform enabling MSPs, distributors, and resellers to automate sub-account creation, administration, and consolidated billing from a single console. Free self-activation for MSPs with white-label customization available.
- Wasabi Ball Physical data transfer appliance for secure bulk transfer of large datasets to Wasabi cloud, supporting up to 250TB per appliance with AES 256-bit encryption. Enables bulk data migration for organizations with limited network bandwidth.
- Cloud Sync Manager Cloud-to-cloud migration tool enabling seamless data transfer from any S3-compliant storage to Wasabi with no downtime. Includes egress fee reimbursement and ROI calculator, with ROI achievable in as little as 60 days.
- Wasabi Direct Connect Private network connection service providing high-bandwidth, low-latency connectivity with options for N x 1, 10, or 100 Gbps speeds for secure, high-throughput data transfer between customer infrastructure and Wasabi storage regions.
Quantifiable outcome
- Up to 80% cost reduction compared to AWS S3, Azure Hot, and Google Cloud Platform
- +5 more outcomes
Companies that use Wasabi Technologies
Customer profileNamed customers16 records
Segments7 records
Ideal customer profiles5 records
Wasabi Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration25 records
AI capability7 records
Feature9 records
Wasabi Technologies partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship, core and minor.
- Liverpool Football ClubflagshipMulti-year partnership as Official Cloud Storage Partner using Wasabi AiR to power global digital content strategy. Generated nearly 800 million impressions during LFC's 2024/25 title-winning season with 57% brand awareness increase among business decision-maker fans.
- ScorePlaycorePartnership to deliver AI-powered media management and scalable cloud storage solutions for sports organizations. Combines Wasabi AiR's automated metadata tagging and multilingual search with ScorePlay's platform for sports content management and distribution.
- SynologycoreStrategic partnership integrating Wasabi Hot Cloud Storage with Synology ActiveProtect enterprise backup appliances. Enables unified backup management across on-premises and cloud environments with off-site backups, immutable storage protection, and predictable pricing.
- Zero CircleminorPartnership powering Wasabi Impact Circle sustainability initiative. Zero Circle platform enables users to track storage-related carbon footprints and purchase carbon credits from verified climate projects worldwide.
- Dell TechnologiescoreTechnology alliance partnership offering customers cost-effective alternative to extend on-premises storage into cloud. Validated integrations with Dell PowerProtect, PowerScale, and ObjectScale for hybrid cloud storage solutions.
- IBMcorePartnership enabling fast and flexible hybrid cloud workload management. IBM Cloud customers can access Wasabi storage through IBM Cloud Object Storage partnerships. Silicon Valley region expansion through IBM Cloud partnership.
- VeeamcoreVerified interoperability between Veeam backup solutions and Wasabi Hot Cloud Storage. Enables enterprise backup and recovery workloads with cost-effective pricing and no egress fees.
- CommvaultcoreIntegration partnership for enterprise data protection and backup solutions. Commvault customers can use Wasabi as a cost-effective storage target with immutability and ransomware protection.
- CohesitycoreVerified integration enabling Cohesity customers to leverage Wasabi for secondary storage, backup, and archival with cost advantages over hyperscalers.
- RubrikcoreIntegration partnership providing Rubrik customers with Wasabi's S3-compatible storage as a ransomware-protected backup destination.
- Pure StoragecoreExisting alliance deepened through Pure Storage's participation in Wasabi's $70M equity funding round. Partnership addresses surging demand for AI-driven data storage solutions.
- GrayMetacoreAcquired Curio AI intelligent data platform from GrayMeta in January 2024. Technology expanded Wasabi's data and AI capabilities for media and entertainment customers.
- Seagate TechnologycoreAcquired Lyve Cloud business from Seagate in April 2026. Seagate received equity stake in Wasabi becoming a shareholder. Deal brings Lyve Cloud's enterprise customer base and infrastructure under Wasabi's S3-compatible platform.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Wasabi Technologies competitors and assessment
Company assessmentDirect peers
- Backblaze: Backblaze B2 is a directly comparable S3-compatible cloud object storage service marketed on low, predictable pricing. Closest analog to Wasabi's hot-tier, no-egress model and a primary alternative in the mid-market and backup segments.
- DigitalOcean: DigitalOcean Spaces is an S3-compatible object storage service aimed at SMBs and developers, competing with Wasabi on simple, predictable pricing. Smaller scale than the hyperscalers but with a similar developer-first go-to-market.
- Cloudflare: Cloudflare R2 is an S3-compatible object storage product explicitly positioned on zero-egress-fee pricing. Competes head-to-head with Wasabi for customers moving off AWS, with Cloudflare's larger edge network providing additional integration leverage.
Emerging players
- IDrive e2: IDrive e2 is an S3-compatible, low-cost object storage service from IDrive. An emerging alternative targeting backup and small-business workloads, with similar no-egress positioning but smaller brand presence and ecosystem than Wasabi.
Regional players
- Scaleway: Scaleway Object Storage is a European-headquartered S3-compatible storage service competing with Wasabi in EMEA. Comparable on price simplicity and S3 compatibility, but primarily a regional alternative for European customers with sovereignty requirements.
Broad incumbents
- Google Cloud Storage: Google Cloud Storage is the third major hyperscaler object storage service. As one of Wasabi's named 'big three' competitors, it competes on price tiers, regional presence, and integration with Google AI/analytics services.
- Amazon Web Services (AWS S3): AWS S3 is the dominant incumbent in object storage and Wasabi's primary competitor. Wasabi's pricing model is explicitly benchmarked against S3, and S3's tiered pricing (Standard, IA, Glacier) and Express One Zone create direct head-to-head competition.
- Microsoft Azure (Blob Storage): Azure Blob Storage is one of the three hyperscaler object storage offerings and a major alternative for enterprise customers, including those migrating from Azure (e.g., Berry College). Microsoft's integrated Azure ecosystem creates strong lock-in that Wasabi must overcome.
- IBM Cloud Object Storage: IBM Cloud Object Storage is both a partner (Wasabi powers storage behind IBM Cloud offerings) and a competitor in the enterprise segment. IBM's enterprise and regulated-industry footprint is a complement that can also cannibalize Wasabi deals.
- Oracle Cloud Infrastructure (Object Storage): Oracle Cloud Infrastructure Object Storage is a hyperscaler-style offering competing for enterprise workloads. Less prominent in the SMB / backup segments where Wasabi is strongest, but a real alternative in Oracle-centric accounts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Wasabi Technologies social profiles
Digital presenceWasabi Technologies compliance and trust
Trust signalCompliance8 records
Wasabi Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wasabi Technologies leadership team
Management profileNumber of profiles
Profiles12 records
Wasabi Technologies subsidiaries and ownership
Company hierarchySubsidiaries2 records
Wasabi Technologies funding detail
Funding detailFunding overview
Funding rounds18 records
Investors29 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wasabi Technologies M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wasabi Technologies
What does Wasabi Technologies do?
Wasabi Technologies sells S3-compatible hot cloud object storage as a service, delivering high-performance, always-available storage with a single hot tier (no cold/archive tiers), 11 nines of durability, and 99.9% availability. Its differentiated pricing model charges a flat rate per terabyte per month with no fees for egress, API requests, or data retrieval, positioning it as a cost-effective alternative to AWS S3, Azure, and Google Cloud. The platform spans 16 enterprise-class storage regions globally and is augmented by AI media storage, NVMe storage, surveillance cloud, cloud NAS gateway, and migration/multi-tenant tools.
Is Wasabi Technologies a public or private company?
Wasabi Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was Wasabi Technologies founded?
Wasabi Technologies was founded in 2015. It employs 501 to 1,000 people.
Where is Wasabi Technologies based?
Wasabi Technologies is headquartered in Boston, United States, in the North America region.
How does Wasabi Technologies make money?
Five revenue lines are on record. Hot Cloud Storage Subscription is the primary driver. The others are reserved Capacity Storage, premium Support Plans, data Transfer Appliances and wasabi AiR (Intelligent Media Storage).
Who are Wasabi Technologies's main competitors?
Direct peers on record are Backblaze, DigitalOcean and Cloudflare. IDrive e2 is listed as an emerging player. Scaleway is listed as a regional player. Broad incumbents are Google Cloud Storage, Amazon Web Services (AWS S3), Microsoft Azure (Blob Storage), IBM Cloud Object Storage and Oracle Cloud Infrastructure (Object Storage).
Does Wasabi Technologies have an API?
Yes. Wasabi provides S3-compatible object storage APIs that are 100% bit-compatible with Amazon Web Services (AWS) S3. The API supports standard AWS SDKs and IAM controls, allowing applications to connect to Wasabi buckets using various software development kits or via command line interface. Supports HTTPS protocol for secure data transfer. Developer documentation is at docs.wasabi.com.
What industry is Wasabi Technologies in?
Wasabi Technologies's product category is Cloud Object Storage. Its primary akta.pro industry code is HDABAAAK, Cloud Storage Core Services (Object/Block/File Storage as a Service), with a secondary code of HDABAEAC, Object Storage Platforms. Its NAICS code is 5182 and its SIC code is 7372.