Wasabi valuation, funding and investors
Wasabi works in cloud storage solutions, based in Boston, United States. Founded in 2017, it has about 592 employees.
- Last round
- Growth · $70.0M · Jan 2026
- Valuation at last round
- $1.80B
- Headcount
- 592 · flat
- Grade
- A
- Founded
- 2017
Wasabi valuation today
VCMC values Wasabi at $2.0B today, with a range of $1.6B to $2.3B and a grade of A. The valuation starts from its last funding round, a growth round in Jan 2026.
Valuation by date (125 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $6.49M | $2.36M – $17.8M | $8.90M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $6.67M | $2.43M – $18.3M | $9.14M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $6.83M | $2.49M – $18.8M | $9.36M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.01M | $2.55M – $19.3M | $9.62M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.20M | $2.62M – $19.8M | $9.87M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $7.59M | $2.76M – $20.8M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.01M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.22M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $8.66M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $8.90M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $9.36M | $3.41M – $25.7M | $12.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $9.62M | $3.50M – $26.4M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $9.87M | $3.59M – $27.1M | $13.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $10.7M | $3.89M – $29.4M | $14.4M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.0M | $4.00M – $30.2M | $14.5M (+32%) | before first round | – | unknown | D | 0% |
| 13 Sep 2018 | $486M | $319M – $1.1B | $729M (+50%) | after a round | – | unknown | C | 0% |
| 1 Oct 2018 | $496M | $319M – $1.1B | $729M (+47%) | after a round | – | unknown | C | 0% |
| 1 Nov 2018 | $513M | $319M – $1.1B | $729M (+42%) | after a round | – | unknown | C | 0% |
| 1 Dec 2018 | $531M | $319M – $1.1B | $729M (+37%) | after a round | – | unknown | C | 0% |
| 1 Jan 2019 | $549M | $319M – $1.1B | $729M (+33%) | after a round | – | unknown | C | 0% |
| 1 Feb 2019 | $569M | $319M – $1.1B | $729M (+28%) | after a round | – | unknown | C | 0% |
| 1 Mar 2019 | $587M | $319M – $1.1B | $729M (+24%) | after a round | – | unknown | C | 0% |
| 1 Apr 2019 | $607M | $319M – $1.1B | $729M (+20%) | after a round | – | unknown | C | 0% |
| 1 May 2019 | $628M | $319M – $1.1B | $729M (+16%) | after a round | – | unknown | C | 0% |
| 1 Jun 2019 | $650M | $319M – $1.1B | $729M (+12%) | after a round | – | unknown | C | 0% |
| 1 Jul 2019 | $672M | $319M – $1.1B | $729M (+8%) | after a round | – | unknown | C | 0% |
| 1 Aug 2019 | $695M | $319M – $1.1B | $729M (+5%) | after a round | – | unknown | C | 0% |
| 1 Sep 2019 | $720M | $319M – $1.1B | $729M (+1%) | after a round | – | unknown | C | 0% |
| 1 Oct 2019 | $729M | $311M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Nov 2019 | $729M | $297M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Dec 2019 | $729M | $285M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Jan 2020 | $729M | $273M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Feb 2020 | $729M | $261M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Mar 2020 | $729M | $250M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2020 | $729M | $239M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 1 May 2020 | $729M | $229M – $1.1B | $729M (0%) | after a round | – | unknown | C | 0% |
| 29 May 2020 | $281M | $244M – $355M | $309M (+10%) | after a round | – | unknown | A | 0% |
| 1 Jun 2020 | $281M | $244M – $355M | $309M (+10%) | after a round | – | unknown | A | 0% |
| 1 Jul 2020 | $283M | $244M – $355M | $309M (+9%) | after a round | – | unknown | A | 0% |
| 1 Aug 2020 | $286M | $244M – $355M | $309M (+8%) | after a round | – | unknown | A | 0% |
| 1 Sep 2020 | $288M | $244M – $355M | $309M (+7%) | after a round | – | unknown | A | 0% |
| 1 Oct 2020 | $290M | $244M – $355M | $309M (+6%) | after a round | – | unknown | A | 0% |
| 1 Nov 2020 | $293M | $244M – $355M | $309M (+6%) | after a round | – | unknown | A | 0% |
| 1 Dec 2020 | $295M | $244M – $355M | $309M (+5%) | after a round | – | unknown | A | 0% |
| 1 Jan 2021 | $297M | $244M – $355M | $309M (+4%) | after a round | 99 | unknown | A | 0% |
| 1 Feb 2021 | $300M | $244M – $355M | $309M (+3%) | after a round | 99 | unknown | A | 0% |
| 1 Mar 2021 | $302M | $244M – $355M | $309M (+2%) | after a round | 99 | unknown | A | 0% |
| 1 Apr 2021 | $304M | $244M – $355M | $309M (+2%) | after a round | 99 | unknown | A | 0% |
| 30 Apr 2021 | $701M | $609M – $1.0B | $910M (+30%) | after a round | 99 | unknown | A | 0% |
| 1 May 2021 | $701M | $609M – $1.0B | $910M (+30%) | after a round | 99 | unknown | A | 0% |
| 1 Jun 2021 | $717M | $609M – $1.0B | $910M (+27%) | after a round | 99 | unknown | A | 0% |
| 1 Jul 2021 | $732M | $609M – $1.0B | $910M (+24%) | after a round | 99 | unknown | A | 0% |
| 1 Aug 2021 | $749M | $609M – $1.0B | $910M (+22%) | after a round | 99 | unknown | A | 0% |
| 1 Sep 2021 | $766M | $609M – $1.0B | $910M (+19%) | after a round | 99 | unknown | A | 0% |
| 1 Oct 2021 | $782M | $609M – $1.0B | $910M (+16%) | after a round | 99 | unknown | A | 0% |
| 1 Nov 2021 | $800M | $609M – $1.0B | $910M (+14%) | after a round | 99 | unknown | A | 0% |
| 1 Dec 2021 | $817M | $609M – $1.0B | $910M (+11%) | after a round | 99 | unknown | A | 0% |
| 1 Jan 2022 | $836M | $609M – $1.0B | $910M (+9%) | after a round | 99 | unknown | A | 0% |
| 1 Feb 2022 | $855M | $609M – $1.0B | $910M (+6%) | after a round | 99 | unknown | A | 0% |
| 1 Mar 2022 | $872M | $609M – $1.0B | $910M (+4%) | after a round | 99 | unknown | A | 0% |
| 1 Apr 2022 | $1.0B | $609M – $1.2B | $1.1B (+3%) | after a round | 190 | growing | B | 0% |
| 1 May 2022 | $1.1B | $609M – $1.2B | $1.1B (0%) | after a round | 190 | growing | B | 0% |
| 1 Jun 2022 | $1.1B | $620M – $1.2B | $1.1B (0%) | after a round | 190 | growing | B | 0% |
| 1 Jul 2022 | $1.1B | $631M – $1.2B | $1.1B (0%) | after a round | 190 | growing | B | 0% |
| 1 Aug 2022 | $1.1B | $549M – $1.2B | $1.1B (0%) | after a round | 190 | unknown | B | 0% |
| 1 Sep 2022 | $1.1B | $530M – $1.2B | $1.1B (0%) | after a round | 190 | unknown | B | 0% |
| 1 Oct 2022 | $1.1B | $513M – $1.2B | $1.1B (0%) | after a round | 190 | unknown | B | 0% |
| 1 Nov 2022 | $1.1B | $496M – $1.2B | $1.1B (0%) | after a round | 190 | unknown | B | 0% |
| 1 Dec 2022 | $1.1B | $480M – $1.2B | $1.1B (0%) | after a round | 190 | unknown | B | 0% |
| 8 Dec 2022 | $188M | $123M – $371M | $244M (+30%) | after a round | 190 | unknown | B | 0% |
| 1 Jan 2023 | $191M | $123M – $371M | $244M (+28%) | after a round | 190 | unknown | B | 0% |
| 1 Feb 2023 | $195M | $123M – $371M | $244M (+25%) | after a round | 190 | unknown | B | 0% |
| 1 Mar 2023 | $199M | $123M – $371M | $244M (+22%) | after a round | 190 | unknown | B | 0% |
| 1 Apr 2023 | $204M | $123M – $371M | $244M (+20%) | after a round | 190 | unknown | B | 0% |
| 1 May 2023 | $208M | $123M – $371M | $244M (+17%) | after a round | 190 | unknown | B | 0% |
| 1 Jun 2023 | $213M | $123M – $371M | $244M (+15%) | after a round | 330 | growing | B | 0% |
| 1 Jul 2023 | $217M | $123M – $371M | $244M (+12%) | after a round | 330 | growing | B | 0% |
| 1 Aug 2023 | $222M | $123M – $371M | $244M (+10%) | after a round | 330 | growing | B | 0% |
| 1 Sep 2023 | $227M | $123M – $371M | $244M (+7%) | after a round | 330 | growing | B | 0% |
| 1 Oct 2023 | $232M | $123M – $371M | $244M (+5%) | after a round | 330 | unknown | B | 0% |
| 1 Nov 2023 | $243M | $126M – $380M | $250M (+3%) | after a round | 370 | up | B | 0% |
| 1 Dec 2023 | $249M | $126M – $380M | $250M (0%) | after a round | 370 | up | B | 0% |
| 1 Jan 2024 | $250M | $125M – $380M | $250M (0%) | after a round | 370 | up | B | 0% |
| 1 Feb 2024 | $250M | $124M – $380M | $250M (0%) | after a round | 370 | up | B | 0% |
| 1 Mar 2024 | $250M | $123M – $380M | $250M (0%) | after a round | 370 | up | B | 0% |
| 1 Apr 2024 | $256M | $124M – $389M | $256M (0%) | after a round | 410 | up | B | 0% |
| 1 May 2024 | $256M | $123M – $389M | $256M (0%) | after a round | 410 | up | B | 0% |
| 1 Jun 2024 | $256M | $121M – $389M | $256M (0%) | after a round | 410 | up | B | 0% |
| 1 Jul 2024 | $256M | $120M – $389M | $256M (0%) | after a round | 410 | up | B | 0% |
| 1 Aug 2024 | $262M | $138M – $399M | $262M (0%) | after a round | 460 | growing | B | 0% |
| 1 Sep 2024 | $263M | $140M – $401M | $263M (0%) | after a round | 470 | growing | B | 0% |
| 1 Oct 2024 | $263M | $141M – $401M | $263M (0%) | after a round | 470 | growing | B | 0% |
| 1 Nov 2024 | $263M | $141M – $401M | $263M (0%) | after a round | 470 | growing | B | 0% |
| 1 Dec 2024 | $265M | $117M – $403M | $265M (0%) | after a round | 480 | up | C | 0% |
| 1 Jan 2025 | $265M | $105M – $403M | $265M (0%) | after a round | 480 | up | C | 0% |
| 1 Feb 2025 | $262M | $102M – $399M | $262M (0%) | after a round | 460 | up | C | 0% |
| 1 Mar 2025 | $262M | $101M – $399M | $261M (0%) | after a round | 460 | up | C | 0% |
| 1 Apr 2025 | $262M | $98.7M – $399M | $261M (0%) | after a round | 460 | up | C | 0% |
| 1 May 2025 | $262M | $96.9M – $399M | $256M (-2%) | after a round | 460 | up | C | 0% |
| 1 Jun 2025 | $262M | $95.1M – $399M | $255M (-3%) | after a round | 460 | up | C | 0% |
| 1 Jul 2025 | $262M | $93.3M – $399M | $254M (-3%) | after a round | 460 | up | C | 0% |
| 1 Aug 2025 | $272M | $95.1M – $415M | $269M (-1%) | after a round | 547 | up | C | 0% |
| 1 Sep 2025 | $273M | $142M – $416M | $271M (-1%) | after a round | 554 | growing | B | 0% |
| 1 Oct 2025 | $357M | $252M – $558M | $393M (+10%) | after a round | 554 | up | B | 0% |
| 2 Oct 2025 | $357M | $252M – $558M | $393M (+10%) | after a round | 554 | up | B | 0% |
| 1 Nov 2025 | $360M | $252M – $558M | $393M (+9%) | after a round | 554 | up | B | 0% |
| 1 Dec 2025 | $363M | $252M – $557M | $393M (+8%) | after a round | 552 | up | B | 0% |
| 1 Jan 2026 | $366M | $252M – $557M | $393M (+7%) | after a round | 552 | up | B | 0% |
| 14 Jan 2026 | $1.8B | $1.6B – $2.3B | $2.0B (+10%) | after a round | 552 | up | A | 0% |
| 1 Feb 2026 | $1.8B | $1.6B – $2.3B | $2.0B (+9%) | after a round | 552 | up | A | 0% |
| 1 Mar 2026 | $1.8B | $1.6B – $2.3B | $2.0B (+9%) | after a round | 555 | up | A | 0% |
| 1 Apr 2026 | $1.8B | $1.6B – $2.3B | $2.0B (+8%) | after a round | 555 | up | A | 0% |
| 1 May 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+7%) | after a round | 555 | up | A | 0% |
| 1 Jun 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+7%) | after a round | 573 | up | A | 0% |
| 1 Jul 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+6%) | after a round | 573 | up | A | 0% |
| 1 Aug 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+5%) | after a round | 590 | flat | A | 0% |
| 1 Sep 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+4%) | after a round | 590 | flat | A | 0% |
| 1 Oct 2026 | $1.9B | $1.6B – $2.3B | $2.0B (+3%) | after a round | 592 | flat | A | 0% |
| 24 Oct 2026 | $2.0B | $1.6B – $2.3B | $2.0B (+2%) | after a round | 592 | flat | A | 0% |
Key facts about Wasabi
- Founded
- 2017
- Headquarters
- Boston, United States
- Employees
- about 592 +7% in a year
- Total raised
- $605M
- Funding rounds
- 8
- Last round
- Debt Apr 2026
Wasabi was founded in 2017 by David Friend and Jeff Flowers.
Wasabi funding history
Wasabi has 8 funding rounds on record, from Sep 2018 to Apr 2026, $605M in total. The latest disclosed valuation is $1.80B post-money (Debt, Apr 2026).
Debt 21 Apr 2026no round page
Led by Bain Capital; with BTG Pactual Global Alternatives, Neuberger Specialty Finance, Energy Impact Partners, Aksia, U.S. Private Credit Investments.
Sources: wasabi.com, datacentrenews.uk
$250M
$1.80B post-money
Growth Equity 13 Jan 2026
Led by L2 Point; with Pure Storage, Fidelity Management & Research Company.
Sources: wasabi.com, siliconangle.com, datacenterdynamics.com and 1 more
$70M
$1.80B post-money
Growth Equity 1 Oct 2025
Investors not disclosed.
Sources: castleplacement.com, blocksandfiles.com, storagenewsletter.com and 1 more
$33M
Series D 7 Dec 2022
Led by Azura, SiS Cloud Global Tech Fund 8; with Prosperity7 Ventures.
Sources: wasabi.com, techfundingnews.com
$15M
Series C 29 Apr 2021
Led by Fidelity Management & Research Company.
Sources: wasabi.com, techcrunch.com, forestay.vc and 5 more
$112M
$700M post-money
Debt 19 Jan 2021no round page
Led by MGG Investment Group.
Sources: wasabi.com, wasabi.com, finance.yahoo.com and 3 more
$28M
Growth Equity 28 May 2020
Led by Forestay.
Sources: wasabi.com, globenewswire.com, finsmes.com and 2 more
$30M
$281M post-money
Series B 12 Sep 2018
Led by Forestay; with Family Offices, DVI Equity Partners, EQx Fund.
Sources: wasabi.com, globenewswire.com
$68M
Wasabi investors
17 investors have backed Wasabi; Fidelity Management & Research Company, Forestay and Azura and 4 more led at least one round.
- Fidelity Management & Research Company lead, 2 rounds
- Azura lead
- SiS Cloud Global Tech Fund 8 lead
- Aksia
- BTG Pactual Global Alternatives
- DVI Equity Partners
- Energy Impact Partners
- Family Offices
- Neuberger Specialty Finance
- Pure Storage
- U.S. Private Credit Investments
What Wasabi does
Wasabi works in hosting & cloud infrastructure providers, with 12 recorded offerings and customers in technology, media, healthcare and financial services.
Wasabi Technologies, Inc. is an American company that develops and provides cloud storage software and related services. The company offers cloud storage solutions, including object storage, file hosting, and backup and recovery services, as well as data migration tools and multi-tenant management. Wasabi operates in 16 enterprise-class storage regions worldwide, with data centers certified for security and data protection. The company serves businesses and organizations in sectors such as technology, media, surveillance, and hybrid-cloud workloads.
Description from Veridion's company data.
Products and services
- Cloud Storage Solutions
- Hot Cloud Storage Services
- Backup and Recovery Services
- Active Media Storage Services
- Video Surveillance Storage Services
- Data Migration Tools Services
- Multi-Tenant Storage Management Services
- Secure Data Storage Services
- Global Storage Region Deployment
- Hybrid-Cloud Storage Solutions
- Energy-Efficient Storage Solutions
- Community Engagement Services
Markets
- Technology
- Media
- Healthcare
- Financial Services
Technology
- Advanced Encryption Technologies
- Multi-Factor Authentication
- Covert Copy (Secure Recovery Mechanism for Critical Data)
Certifications
- SOC-2
- ISO 27001
- PCI-DSS
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 70% match
- 513210 Software Publishers 30% match
Questions about Wasabi
What is Wasabi worth?
Valuation $2.0B (range $1.6B to $2.3B), as of 24 Oct 2026. The last disclosed valuation was $1.80B (Debt, Apr 2026).
Has Wasabi raised money?
Wasabi has 8 funding rounds on record, from Sep 2018 to Apr 2026, $605M in total. The latest disclosed valuation is $1.80B post-money (Debt, Apr 2026).
Who has invested in Wasabi?
Fidelity Management & Research Company, Forestay, Azura, Bain Capital, L2 Point and MGG Investment Group, and 11 more. Lead investors include Fidelity Management & Research Company, Forestay, Azura and Bain Capital.
How many people work at Wasabi?
About 592, up 7% over the last year. Headcount grew from 99 in Jan 2021 to 592 in Sep 2026.
What does Wasabi do?
Wasabi works in hosting & cloud infrastructure providers, with 12 recorded offerings and customers in technology, media, healthcare and financial services. Its main offerings are cloud storage solutions, hot cloud storage services and backup and recovery services.
When was Wasabi founded, and where is it based?
Wasabi was founded in 2017 and is based in Boston, United States. It has about 592 employees, up 7% over the last year.