Wasabi Technologies
Wasabi provides affordable, high-performance cloud object storage without hidden egress fees.
Wasabi Technologies provides hot cloud object storage at 80% lower cost than AWS S3 with 6x faster performance, zero egress fees, and no complex pricing tiers. Built for organizations storing unlimited data that need predictable, transparent billing and instant access without surprise charges. The company serves over 100 countries across industries including media, sports, backup, and archiving with 16 global storage regions.
Problem solved
Organizations overspend on cloud storage due to hidden egress fees, unpredictable pricing tiers, and slow data access, making it difficult to budget and manage large-scale data operations.
Target customer
Enterprise and mid-market organizations with high-volume data storage needs: media production companies, backup/disaster recovery providers, sports organizations, universities, and businesses requiring active archiving and multi-tenant management.
Founders
D
David Friend
CEO & Co-Founder
Serial entrepreneur and Yale/Princeton graduate who founded ARP Instruments (synthesizers), Computer Pictures Corporation (computer graphics), Pilot Software (multidimensional databases), Faxnet (fax-to-email), Sonexis (VoIP), and Carbonite (went public 2011).
J
Jeff Flowers
CTO & Co-Founder
Co-founder of Carbonite online backup service and multiple other technology companies.
Funding history
Seed/Early-stage
$19M
2016-2017
Led by Multiple
· Various early-stage investors
Series D
$140M
September 2022
Led by Unknown
· Unknown
Series E (Tranche 1)
$32.5M
November 2024
Led by Unknown
· Unknown
Series E (Tranche 2)
$70M
January 2026
Led by L2 Point Management
· Pure Storage, Fidelity Management & Research Company
Credit Facility
$250M
April 2026
Led by Bain Capital Private Credit Group
· U.S. Private Credit Investments, Neuberger Specialty Finance, Energy Impact Partners, Aksia
Total raised:
$700M+
Pricing
$6.99/TB/month pay-as-you-go or reserved capacity discounts for 1, 3, or 5-year terms. 1TB minimum monthly commitment, 90-day minimum storage duration, 1:1 egress-to-storage ratio cap. Zero egress fees, zero API request fees, zero ingress fees.
Notable customers
Cornell University, Boston Red Sox, Liverpool Football Club, media production companies, broadcasters, film companies
Integrations
IBM Cloud, Stripe, Salesforce, DocuSign
Tech stack
React (JavaScript frameworks)
Next.js (Web servers)
Algolia (Search engines)
Webpack
DocuSign
Storyblok (CMS)
Atlassian Statuspage (PaaS)
HSTS (Security)
Apple iCloud Mail (Webmail)
Microsoft 365 (Email)
Netlify (PaaS)
MailChimp (Marketing automation)
DoubleClick Floodlight (Advertising)
Stripe (Payment processors)
Salesforce (CRM)
Website
Competitors
Amazon Web Services (S3)
AWS S3 costs $23/TB/month for standard storage plus $0.09/GB egress fees; Wasabi is 80% cheaper with zero egress and API fees.
DigitalOcean
DigitalOcean offers broader cloud services but lacks Wasabi's pricing simplicity and global scale.
Hitachi Vantara
Hitachi focuses on enterprise data management solutions with more complex pricing and tiering structures.
Why this matters: Wasabi represents a meaningful disruption in cloud storage by proving that simplified, uniform pricing and performance can compete against AWS's market dominance. With $700M+ in funding and a $1.8B valuation, the company has successfully positioned itself for mid-market and enterprise adoption, particularly in data-intensive industries where egress costs are punitive.
Best for: Enterprises and high-volume data organizations needing predictable cloud storage costs without egress penalties, especially media companies, sports organizations, and backup/archiving operations.
Use cases
Media & Video Workflows
Film production companies and broadcasters store massive video files and perform media transfers in hours instead of days. Zero egress fees enable fast content distribution without budget overruns from data movement charges.
Backup & Disaster Recovery
Organizations implement cost-effective backup solutions with 90-day minimums and transparent pricing. The absence of egress fees makes recovery scenarios financially predictable and scalable.
Active Archiving
Enterprises maintain instantly-accessible archives of compliance data, logs, and historical records at 1/5th the cost of competitors. Uniform global pricing simplifies multi-region archive strategies.
Sports Analytics & Surveillance
Sports teams like the Boston Red Sox store player videos, analytics, and surveillance footage with IBM Cloud integration, leveraging both performance and cost savings for real-time analysis.
Alternatives
Amazon S3
Industry standard with broader AWS ecosystem integration, but significantly more expensive with complex pricing and egress charges; better if you need tight AWS coupling.
Google Cloud Storage
Google's object storage with different pricing tiers and egress fees; choose if you need GCP ecosystem integration.
Microsoft Azure Blob Storage
Azure's storage service with egress charges and tiering; better for Microsoft-centric enterprises.
Backblaze B2
Lower per-GB pricing but smaller ecosystem and fewer global regions; competitive for budget-conscious backup scenarios.
FAQ
What does Wasabi Technologies do? +
Wasabi provides hot cloud object storage for unlimited data with transparent, predictable pricing. It costs 80% less than AWS S3, delivers 6x faster performance, and charges zero fees for data egress and API requests. The service supports 16 global regions and serves media, backup, archiving, and enterprise data workflows.
How much does Wasabi cost? +
Wasabi charges $6.99/terabyte/month for pay-as-you-go storage, or discounted rates for reserved capacity in 1, 3, or 5-year terms. There are no egress, API request, or ingress fees. Minimum commitments: 1TB/month and 90-day storage duration.
What are alternatives to Wasabi? +
Amazon S3 (industry standard but 3-4x more expensive with egress fees), Google Cloud Storage (GCP ecosystem), Microsoft Azure Blob Storage (Azure integration), and Backblaze B2 (budget option with smaller ecosystem).
Who uses Wasabi? +
Enterprise and mid-market organizations across media production, sports, backup/disaster recovery, archiving, and compliance workflows. Notable customers include Boston Red Sox, Liverpool Football Club, Cornell University, and broadcasters in 100+ countries.
How does Wasabi compare to AWS S3? +
Wasabi costs $6.99/TB/month with zero egress fees vs. S3's $23/TB/month plus $0.09/GB egress charges. Wasabi is 80% cheaper overall, delivers 6x faster performance, and offers uniform global pricing without tiers. S3 is better if you need tight AWS integration; Wasabi wins on cost predictability and performance for high-volume storage and access.
Tags
cloud storage
object storage
cost reduction
high-performance storage
no egress fees
backup and recovery
media workflows
data archiving