Wasabi Technologies
About Wasabi Technologies
Wasabi Technologies is a SaaS startup based in Boston, MA, United States that has raised $700M in venture capital across 7 funding rounds since 2017. The company reached Credit Facility stage in January 2026 with a $70M round led by L2 Point Management at a $1.8B valuation. Wasabi Technologies's investor base includes 7 institutional funds, with Bain Capital leading the most recent equity round.
Wasabi Technologies is a Boston-based cloud storage company offering hot cloud storage at approximately one-fifth the cost of hyperscale providers such as AWS S3, with no fees for egress or API requests. Founded in 2017 by the team behind Carbonite, Wasabi has grown to manage over one exabyte of data for more than 50,000 customers worldwide and reached a $1.8 billion valuation in 2026.
Wasabi Technologies Funding Rounds Timeline
7 rounds · $700M raised · since 2017
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Credit FacilityDebt | April 2026 | $250M | — | Bain Capital | Neuberger Specialty Finance, Energy Impact Partners |
| Growth Equity | January 2026 | $70M | $1.8B | L2 Point Management | Fidelity Management & Research, Pure Storage |
| Series D | September 2022 | $125M | $1.1B | L2 Point Management | Fidelity Management & Research, Forestay Capital |
| Series C | April 2021 | $112M | — | Fidelity Management & Research | — |
| Series B | September 2018 | $68M | — | Forestay Capital | — |
Investors in Wasabi Technologies
7 institutional investors across 7 rounds
Lead investors
Co-investors
Recent news about Wasabi Technologies
- Debt FinancingWasabi Technologies Closes $250M Credit Facility to Expand Cloud Storage InnovationApril 2026
Questions about Wasabi Technologies
How much has Wasabi Technologies raised?
Wasabi Technologies has raised $700M across 7 funding rounds since 2017.
Who are the investors of Wasabi Technologies?
Wasabi Technologies's investors include Bain Capital, L2 Point Management, Fidelity Management & Research, Forestay Capital, Neuberger Specialty Finance, Energy Impact Partners, Pure Storage.
When was Wasabi Technologies's last funding round?
Wasabi Technologies's most recent round was a $250M Credit Facility in April 2026, led by Bain Capital.
What is Wasabi Technologies's valuation?
Wasabi Technologies reached a $1.8B valuation (unicorn status) with its Growth Equity round in January 2026.
Where is Wasabi Technologies headquartered?
Wasabi Technologies is headquartered in Boston, MA, United States, and was founded in 2017 by David Friend, Jeff Flowers.