Company Overview
Wasabi is a hot cloud storage unicorn ($1.1B+ valuation, Sept 2022). 2024 revenue: $160.1M (up from $134.7M 2023). Series D $250M (Sept 2022), recent $32.5M (Oct 2024) for AI storage expansion. Total funding: $341.4M. 23,000-100,000+ customers. Pricing: $5.99/TB/month (80% cheaper than hyperscalers), no egress/API fees. New: Wasabi Fire $19.99/TB/month (5.6x cheaper than S3 Express). S3-compatible, AWS IAM APIs. Focus: affordable hot storage vs AWS/Azure/GCP.
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Key Differentiators
Strong Challenger
Wasabi is an established challenger with significant market presence and competitive offerings in Infrastructure.
Growth Stage
Wasabi has achieved $160.1M in revenue, demonstrating strong product-market fit.
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