Wasabi Technologies is a privately owned company headquartered in the United States. Founded in 2017, the company employs approximately 550 individuals and reported $150.0M in revenue as of 2024. The company specializes in media cloud and storage, providing cloud storage solutions for businesses globally.
Wasabi Technologies formed a dedicated AI business unit on September 10, 2026, appointing semiconductor and storage industry veteran Pinaki Mukherjee as Senior Vice President and General Manager to lead the Silicon Valley-based division. The hot cloud storage company established the unit to focus strategy, partnerships, and go-to-market efforts on its expanding AI storage business, driven by increasing demand from model labs, generative AI startups, and neocloud compute providers. Previously, on September 9, the Carlsbad Municipal School District, which serves 8,000 K-12 students across 14 campuses in New Mexico, chose Wasabi as a cost-effective cloud solution for its backups. This decision followed a data breach that necessitated rebuilding the district's entire on-premises environment and a subsequent search for a more secure and reliable storage method. This follows a September 3 discussion on the advantages of using an independent storage provider like Wasabi with backup software, arguing against the notion that purchasing cloud storage from the same vendor as the backup software is inherently superior.
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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, higher Education and spectator Sports companies. Examples of Wasabi Technologies's customers include University of Exeter, Liverpool Football Club and ESI Technologies. Wasabi Technologies has commercial and technical partners like Ortana Media Group, Visium Networks and MASV. Wasabi Technologies has suppliers like USA Rugby.
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