- Wasabi Technologies Inc. is a leading cloud storage company specializing in high-performance, cost-effective cloud object storage solutions, currently valued at $1.8 billion with over $600 million in total funding.
- In April 2026, Wasabi secured a $250 million credit facility led by Bain Capital to support its cloud storage platform expansion and infrastructure development, following a $70 million equity funding round in early 2026.
- The company recently acquired Lyve Cloud from Seagate Technology and has established partnerships with firms like U.S. Private Credit Investments and Neuberger Specialty Finance to enhance its service offerings.
- Wasabi's ideal buyers are enterprises and AI developers seeking efficient data storage solutions to support AI workloads, addressing challenges related to data complexity and cost-effectiveness in cloud infrastructure.
Engineering is the largest organization at Wasabi Technologies with roughly 100 employees, reflecting the technical depth required to build and maintain its cloud storage infrastructure. Sales and Support follow closely at just under 90 employees, highlighting the importance of customer acquisition and retention. Marketing and Product together account for about 60 team members, while Business Management and Finance & Administration each contribute a little over 20 employees. Smaller yet essential groups such as Operations, IT, and HR range from 10 to 13 employees, and niche practices like Consulting and Other roles round out the remaining headcount.
Wasabi Technologies is headquartered in Boston, which hosts about one quarter of the company’s staff. A sizeable remote or distributed cohort—listed as “Other” locations—represents more than half of all employees and signals a flexible, global hiring approach. The firm also maintains smaller hubs in Pristina, New York, Tokyo, Tunis, Austin, San Francisco, Chicago, and London, each employing fewer than 20 people. This mix of concentrated headquarters talent and distributed teams supports around-the-clock operations and localized customer engagement.
