Overview

Wasabi Technologies offers cloud storage solutions that help businesses store and manage their data efficiently. Their main product, the Wasabi Surveillance Cloud, enhances on-premises video surveillance systems by providing unlimited, secure, and affordable storage without the need for costly upgrades. Wasabi stands out by offering storage at a fraction of the cost of competitors like AWS S3, with faster speeds and a simple pricing model that has no hidden fees. The company's goal is to deliver cost-effective storage solutions that improve data management for businesses.

Simplify's Take

What believers are saying

• Growing demand for hybrid cloud solutions boosts Wasabi's Surveillance Cloud.
• Partnerships with IBM and Johnson Controls enhance Wasabi's market reach.
• Expansion of 5G networks increases data generation, benefiting Wasabi's storage solutions.

What critics are saying

• Increased competition from low-cost providers like Backblaze.
• Expansion into new regions may lead to regulatory compliance challenges.
• Rapid technological advancements may require significant investment to keep up.

What makes Wasabi Technologies unique

• Wasabi offers cloud storage at 1/5th the cost of AWS S3.
• Wasabi's storage is 100% compatible with AWS S3 and IAM APIs.
• Wasabi provides a single pricing model with no hidden fees.

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Funding

Total Funding

$317.8M

Above

Industry Average

Funded Over

6 Rounds

$15,000,000

Series D

Dec 2022

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$15M

$49M

$50M

$70M

$80M

$100M

View all funding stages