Wasabi

With VC Funding Down 53%, Wasabi Technologies Defies The Odds — Raising $250 Million

Ziad2022-11-25T13:59:44-05:00It’s hard for startups to raise money these days. So when a startup raised a quarter of a billion dollars last month, it got my attention. Such odds-defying startups offer valuable lessons for all startup CEOs. This comes to mind in considering the news that Boston-based cloud storage company, Wasabi Technologies, closed a $250 million round of funding last month at a $1.1 billion valuation, according to a company press release. Read more >>

Wasabi CEO David Friend: $250M Funding To Double Channel Reach, Fuel Global Expansion

Ziad2022-11-25T13:59:44-05:00Boston-based cloud storage company Wasabi Technologies this week said it has raised an additional $250 million in funding, half of which came from private equity and other institutional investors and half from debt, and said the company now has a valuation of over $1.1 billion. The new funding represents a big bet on Wasabi, which is using its large channel and alliance partner base to compete against cloud giants like Amazon Web Services by promising to provide cloud storage for...

Boston cloud startup raises big round to take on Amazon and Google

Ziad2022-11-25T13:59:44-05:00Boston entrepreneur David Friend has cofounded a half-dozen startups over the past 40 years, but he has never had such a tough time raising money as in 2022. Read more >>

Cloud-Storage Firm Wasabi Reaches $1.1 Billion Valuation

Ziad2022-11-25T13:59:44-05:00Wasabi Technologies Inc., a Boston-based cloud-storage startup, has reached unicorn status with its latest fundraising. Read more >>

After dry spell, Boston has a new unicorn

Ziad2022-11-25T13:59:44-05:00Boston finally has a new unicorn after a nearly three-month dry spell for companies crossing the $1 billion valuation mark. Wasabi Technologies Inc. has become Boston's latest unicorn after raising $125 million in a Series D round led by L2 Point Management. The Boston-based company also announced the expansion of its debt facility with MGG Investment Group by $125 million. Wasabi said the $250 million in new funding puts its valuation over $1.1 billion. Read more >>

Cloud storage startup Wasabi raises $250M to reach unicorn status

Ziad2022-11-25T13:59:44-05:00The cloud services sector is still dominated by Amazon and the other so-called “hyperscalers” — e.g. the Microsoft Azures, Google Cloud Platforms and IBM Clouds of the world. According to Synergy Group, an IT market research firm, Amazon, Microsoft and Google together held a 65% share of the global cloud services market as of Q2, up 61% year-over-year. Read more >>

Music & Cloud Storage Pioneer: 10 Burning Questions with David Friend

Ziad2022-11-25T13:59:44-05:00David Friend may singlehandedly be the most interesting person I’ve ever met. From his storied background in the music industry to being a wildly successful CEO with six successful startups under his belt, there is always something new and different to learn from him and about him. During one of our recent meetings, I told him many people have a similar opinion about him, and he just giggled. He said he never thought of himself that way and was just interested...

HYCU® and Wasabi Technologies Team to Combat Scourge of Ransomware

Ziad2022-11-25T13:59:44-05:00HYCU, Inc., a pioneering enterprise backup as a service (BaaS) company specializing in hybrid and multi-cloud data protection as a service, and Wasabi Technologies, the hot cloud storage company, today announced a new strategic relationship to combat the rise of ransomware attacks. As protecting data becomes more critical than ever before, rapid recovery and ensuring backup data is safe is as well. With the power of immutable cloud storage with object lock built-in, Wasabi enables data to be impervious to...

Wasabi: Beware The Hidden Cost Of Cloud Storage

Ziad2022-11-25T13:59:44-05:00‘We’re talking about easy, predictable pricing, no extraneous fees. We’re talking about performance that makes sure your data gets in and out without any glitches. And then of course, let’s be sure that your data is protected,’ says Drew Schlussel, Wasabi’s senior director of product marketing. Schlussel told MSPs attending this week’s XChange conference in Denver to beware of hidden fees related to storage, especially egress fees. “Wasabi charges a straight line fee,” he said. “For every terabyte, you pay...