Wasabi Technologies, Inc.

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Wasabi Technologies, Inc.
Formerly
Blue Archive
Private
ISIN🆔
IndustryCloud storage software
Founded 📆June 1, 2017; 4 years ago (2017-06-01) in Boston, Massachusetts, United States
Founder 👔
Headquarters 🏙️,
Boston, Massachusetts
,
United States
Area served 🗺️
Worldwide
Key people
Products 📟 Wasabi Hot Storage
Members
Number of employees
🌐 Websitewasabi.com
📇 Address
📞 telephone
Footnotes / references
[1]

Wasabi Technologies, Inc. is an object storage service provider based in the United States. It sells one product, an object storage service called Wasabi Hot Cloud Storage.[2] The company was founded in September, 2015, and launched its cloud storage product in May, 2017.[3]

The company was co-founded by David Friend and Jeff Flowers. Friend, who is CEO of the company, claims that the software "manages how data center hardware stores and organizes information," resulting in high-speed reading and writing of data.[4]

History[edit]

Friend and Flowers were previously co-founders of Carbonite, an on-line backup service, among other companies.[4] The company was initially called "BlueArchive" at its founding, but was later renamed to "Wasabi Technologies, Inc." after hot Japanese horseradish.[5]

Wasabi Technologies, Inc. was launched with a single data center location in Ashburn, Virginia,[6] a limitation that generated concern in the online tech forum, Hacker News.[7]

On January 30, 2018, Frost & Sullivan gave Wasabi Technologies, Inc, the 2017 North American Technology Innovation Award.[8]

On March 20, 2018, the company announced a satellite-based cloud storage system, collaborating with SpaceBelt to use satellites as data centers.[9] On June 28, 2018, Chris Fenton (former President and General Manager of DMG Entertainment) joined the advisory board.[10]

In October 2018, the company stated that it plans to open its first European data center in the Netherlands.[11]

Funding[edit]

  • May, 2017: Wasabi Technologies, Inc. raised $8.9 million[12]
  • August, 2017: Wasabi Technologies, Inc. raised $10.8 million[12]
  • September, 2018: Wasabi Technologies, Inc. raised $68 million[13]

References[edit]

  1. https://itknowledgeexchange.techtarget.com/storage-soup/cloud-storage-startup-wasabi-technologies-raises-68-million/
  2. Kepes, Ben. "Wasabi serves up some spicy AWS-killer claims". NetworkWorld. IDG. Retrieved 7 November 2018.
  3. Cline, Keith. "Wasabi - Taking on the Tech Giants with Hot Storage". Venture Fizz. Venture Fizz. Retrieved 9 February 2018.
  4. 4.0 4.1 Engel, Jeff. "Friend & Flowers Return With Wasabi, Take on Amazon in "Hot Storage"". Xconomy. Xconomy, Inc.
  5. "Wasabi - Taking on the Tech Giants with Hot Storage". VentureFizz. 2017-05-02. Retrieved 2018-01-21.
  6. Lawson, Stephen. "How to size up a new cloud service like low-priced Wasabi". NetworkWorld. IDG. Retrieved 9 February 2018.
  7. "Wasabi - Simple storage solution". Hacker News. Y Combinator. Retrieved 9 February 2018.
  8. "Frost & Sullivan Recognizes Wasabi for Its Hot Cloud Storage Solution with 2017 North American Technology Innovation Award". Yahoo! Finance. Yahoo.
  9. Bray, Hiawatha (19 March 2018). "Data storage beyond the clouds: Wasabi promises a super-secure system in space". The Boston Globe. Retrieved 20 March 2018.
  10. "Chris Fenton, Former President & GM of DMG, Joins Wasabi Advisory Board". CNBC. NBCUniversal. Retrieved 7 November 2018.
  11. "Wasabi Technologies Announces Plans to Open Data Centre in Holland". Invest in Holland. Netherlands Foreign Investment Agency. Retrieved 7 November 2018.
  12. 12.0 12.1 "Wasabi Technologies, Inc | Crunchbase". Crunchbase. Retrieved 2018-01-21.
  13. Miller, Ron. "Wasabi just landed $68 million to upend cloud storage". TechCrunch. Oath Tech Network. Retrieved 7 November 2018.

External links[edit]


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