Wasabi Technologies is a privately owned company headquartered in the US. Founded in 2017, the company employs approximately 550 individuals and reported $150.0M in revenue as of 2024. Functioning as a tier 1 media tech buyer, it specializes in media cloud and storage, providing cloud storage solutions for businesses globally.
Wasabi Technologies created a petabyte-scale data hub on April 23, 2026, to support AI robotics model development. Wasabi Hot Cloud Storage was selected for the project, which distributes and synchronizes data across GPU clusters and cloud environments for large-scale model training, alongside extensive API usage for data uploads, downloads, differential checks during backups, and object listings. Previously, on April 22, the company secured a $250 million credit facility. This financing was led by Bain Capital’s private credit group, with participation from U.S. Private Credit Investments, a division of BTG Pactual Global Alternatives; Neuberger Specialty Finance; Energy Impact Partners; and Aksia, designed to support investment in its cloud storage platform infrastructure and international expansion. On April 21, Wasabi announced securing this facility to scale its cloud storage platform amid rising demand driven by AI workloads, following a recent acquisition and fresh equity funding that pushed its valuation to $1.8 billion.
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Wasabi Technologies offers 3 products in the media tech industry. Wasabi Technologies's product portfolio comprises of media cloud and storage.
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Wasabi Technologies's revenues were less than $250M in 2024. Caretta Research has split Wasabi Technologies's revenue into 2 different product categories, the largest of which is object storage. For full access to Wasabi Technologies's revenue breakdown subscribe to Caretta Portal.
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Wasabi Technologies's customers primarily consist of iT Services and IT Consulting and spectator Sports companies. Examples of Wasabi Technologies's customers include Liverpool Football Club, University of Exeter and ESI Technologies. Wasabi Technologies has commercial and technical partners like MASV, Visium Networks and Ortana Media Group. Wasabi Technologies has suppliers like USA Rugby.
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