Wasabi Technologies LLC

Wasabi Technologies is a privately held American cloud storage provider headquartered in Boston, Massachusetts. The company's core mission is to simplify cloud storage by offering an affordable, predictable, fast, and secure solution for businesses globally. Co-founded by David Friend and Jeff Flowers, who previously co-founded Carbonite, Wasabi aims to make cloud storage an accessible utility.

Specializing in object storage, Wasabi's primary offering is Wasabi Hot Cloud Storage, which is compatible with the Amazon S3 API. The company differentiates itself by providing high-performance storage at a significantly lower cost than hyperscale providers, notably without charging for data egress or API requests. Key products also include Wasabi AiR Intelligent Storage, optimized for AI workloads, and Wasabi Surveillance Cloud for video data. Wasabi serves a diverse range of market segments, including healthcare, media, finance, and education, with customers in over 100 countries.

In recent developments, Wasabi Technologies secured a $250 million credit facility in April 2026 to support platform investment, infrastructure, and global expansion. This followed a $70 million equity funding round in January 2026, which valued the company at $1.8 billion. The company also acquired Seagate Technology's Lyve Cloud business and introduced Wasabi Fire, an NVMe-based storage class designed for AI and machine learning workloads. David Friend serves as CEO, with Jeff Flowers as CTO, leading a team focused on providing a compelling alternative to larger cloud platforms.