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. The company was founded in September, 2015, and launched its cloud storage product in May, 2017.
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.

History

Friend and Flowers were previously co-founders of Carbonite, an on-line backup service, among other companies. The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot Japanese horseradish.
Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia, a limitation that generated concern in the online tech forum, Hacker News.
On January 30, 2018, Frost & Sullivan gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award.
On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers.
On June 28, 2018, Chris Fenton joined the advisory board. Wasabi also launched its new data center in Hillsboro, Oregon.
In October 2018, the company stated that it plans to open its first European data center in the Netherlands.
On March 5, 2019, the company announced that its 3rd data center – 1st European data center is open in Amsterdam, Netherlands.
On April 2nd, 2019, Wasabi launched its partner network, a volume based incentive program.
In October 2019, the company announced the launch of its 4th data center in Virginia. They also received an investment of undisclosed amount from NTT DOCOMO Ventures. 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.
In February 2020, Reserved Capacity Storage 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 their services in Japan.

Funding