Wasabi Technologies is a cloud storage company that’s built its entire business around one promise: affordable, fast object storage with no egress fees. Founded in 2017 by David Friend and Jeff Flowers (who previously co-founded Carbonite), Wasabi offers S3-compatible storage at roughly one-fifth the cost of AWS S3.
The pricing model is simple — a flat per-terabyte rate with no charges for API requests or data egress. This predictability has made Wasabi popular with media companies, backup providers, and organizations dealing with large datasets that would face massive egress bills elsewhere.
Wasabi operates storage regions across North America, Europe, Asia Pacific, and the Middle East. The company doesn’t try to be a full cloud provider — it focuses exclusively on object storage and does it well. Data is stored with 11 nines of durability and the service maintains high availability.
The company has raised over $250 million in funding and serves tens of thousands of customers worldwide. Wasabi integrates with popular backup tools like Veeam, Commvault, and MSP360, making it a drop-in replacement for more expensive storage tiers.
