Wasabi provides a cloud object storage platform that offers a single tier of service with no egress or API request fees, enabling organizations to store and access large volumes of data affordably. The platform addresses the challenges of unpredictable pricing and complex tier structures, allowing clients to manage their data securely and efficiently without incurring hidden costs.
Funding
$508.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges with unpredictable cloud storage pricing, complex tier structures, and hidden costs such as egress and API request fees, making it difficult to manage and access large volumes of data affordably. Traditional cloud storage solutions often force users to choose between cost-effective cold storage with limited accessibility and expensive hot storage for frequently accessed data.
Solution
Wasabi provides a single-tier, high-performance cloud object storage solution with predictable pricing and no fees for data egress or API requests. This allows organizations to store and retrieve data without concerns about hidden costs or complex tier management. Wasabi's storage is designed to be as fast as the hyperscalers' fastest tiers but priced closer to cold storage, enabling users to affordably store all their data and access it whenever needed. The platform offers enterprise-grade security features, including immutability at the object and bucket level for ransomware protection, and is deployed in secure and redundant data centers across multiple global regions.
Target Audience
Wasabi targets organizations across various industries, including media and entertainment, surveillance, healthcare, and backup and disaster recovery, that require affordable, predictable, and secure cloud storage for large volumes of data. This includes businesses looking for active archives, media workflows, AI/ML data storage, and cost-effective backup and recovery solutions.
Features
- Single-tier cloud object storage with no fees for egress or API requests
- Up to 80% lower cost compared to hyperscalers
- Immutability at the object and bucket level for ransomware protection
- Multi-tenant management for distributors and MSPs
- Integration with various data migration tools
- 14 global storage regions with consistent pricing
- Robust security features including IAM, MFA, SSO, and encryption in transit and at rest
- Flexible payment models including pay-as-you-go and reserved capacity storage