Wasabi Accelerates AI Ambitions with $70M Funding, $1.8B Valuation
January 14, 2026, 9:31 am
Location: United States
Employees: 51-200
Founded date: 2017
Total raised: $733.3M
Location: United Kingdom, England, Liverpool
Employees: 501-1000
Founded date: 1892
Location: United States, California, Mountain View
Employees: 1001-5000
Founded date: 2009
Total raised: $473M
Wasabi Technologies secured $70 million in new equity funding. This round values the cloud storage provider at $1.8 billion. The capital infusion targets aggressive expansion into AI infrastructure and cyber-resilient data services. Wasabi has now raised over $600 million in total funding. The move underscores mounting demand for storage optimized for artificial intelligence workloads.
Wasabi’s strategy centers on cost-effective, predictable cloud storage. Its model offers a single tier, flat-rate pricing. This approach eliminates egress fees and API request charges. Such transparency contrasts sharply with complex hyperscaler pricing. Many enterprises and developers prefer this straightforward model. It simplifies budget planning. It removes variable billing surprises.
The company repositioned itself as a key component of AI infrastructure. Data storage forms a major cost factor in AI model training. It impacts data engineering workflows. Wasabi addresses these challenges directly.
Recent product innovations bolster this AI focus. In late 2025, Wasabi introduced a new storage class. It leverages the speedy Non-Volatile Memory Express (NVMe) protocol. This class supports AI and machine learning training. It facilitates inference and real-time data logging. This high-performance tier, branded Wasabi Fire, caters to compute-intensive workloads. These include media processing pipelines.
Wasabi also developed Wasabi AiR. This solution uses AI to generate metadata tags. It pairs with hot cloud storage. AI needs vast data to thrive. Wasabi understands this fundamental requirement. Customers now retain more data for future AI use cases. This trend drives Wasabi's roadmap. Every company becomes an AI company. This shift is happening now.
Cyber resilience is another critical focus. Enterprises handle sensitive training data pools. Robust security is paramount. Wasabi significantly beefed up its security capabilities. In December 2025, it launched Covert Copy. This feature creates hidden, immutable backups. These backups remain unseen and unaltered. Multi-user authorization controls access. The capability directly counters ransomware threats. It also protects against insider attacks. Attackers increasingly target backup infrastructure. Covert Copy provides a strong defense. Customer response to this feature has been robust.
L2 Point Management LLC led the recent funding round. They previously led a $250 million round in late 2022. Pure Storage Inc. joined as a new investor. Pure Storage specializes in all-flash data storage platforms. This investment signals a deeper relationship between the two companies. Both firms focus on the next generation of intelligent AI infrastructure. Existing investor Fidelity Management & Research Co. also participated.
Wasabi launched its flagship Hot Cloud Storage in 2017. It quickly gained traction. Its customer base spans diverse sectors. These include backup, cyber resilience, media and entertainment, and enterprise IT. Organizations with large-scale data retrieval and archiving needs also utilize Wasabi. Prominent customers include iHeartMedia, the Boston Red Sox, and Liverpool Football Club. Toshiba and Cornell are also among its users.
Wasabi now manages over three exabytes of customer data. This data spans 16 global regions. The company maintains a strong global footprint. It continues aggressive expansion plans. The company is profitable. However, its primary focus remains growth. Investors align with this growth-first strategy. Long-term profitability is the ultimate goal.
The valuation of $1.8 billion reflects investor confidence. It acknowledges Wasabi's strong market position. The company offers a compelling alternative to large hyperscale providers. It provides better, more predictable costs. This predictability is crucial for enterprises. It is vital for AI developers.
Storage may not garner the same attention as GPUs. But it remains indispensable for AI systems. Without efficient data access, AI tools falter. Wasabi’s solutions offer high-performance storage. They deliver it affordably. This combination is powerful. It enables modern data stacks. These stacks blend cost discipline with performance. They are built for AI-era use cases.
Wasabi’s innovative solutions help make storage both high-performance and affordable. The company's execution is strong. It delivers scalable, low-cost cloud storage. This storage is built for AI-ready data environments. It avoids added complexity. It prevents unpredictable costs. The company's strategy forward is clear. It sits at the nexus of storage, AI performance, and cyber resilience. These elements define its view of AI's impact on storage markets. They highlight opportunities for strategic advantage. Wasabi aims to lead the next generation of cloud storage. It powers data-intensive workloads. This includes generative AI and autonomous systems. This funding round solidifies that vision.
Wasabi’s strategy centers on cost-effective, predictable cloud storage. Its model offers a single tier, flat-rate pricing. This approach eliminates egress fees and API request charges. Such transparency contrasts sharply with complex hyperscaler pricing. Many enterprises and developers prefer this straightforward model. It simplifies budget planning. It removes variable billing surprises.
The company repositioned itself as a key component of AI infrastructure. Data storage forms a major cost factor in AI model training. It impacts data engineering workflows. Wasabi addresses these challenges directly.
Recent product innovations bolster this AI focus. In late 2025, Wasabi introduced a new storage class. It leverages the speedy Non-Volatile Memory Express (NVMe) protocol. This class supports AI and machine learning training. It facilitates inference and real-time data logging. This high-performance tier, branded Wasabi Fire, caters to compute-intensive workloads. These include media processing pipelines.
Wasabi also developed Wasabi AiR. This solution uses AI to generate metadata tags. It pairs with hot cloud storage. AI needs vast data to thrive. Wasabi understands this fundamental requirement. Customers now retain more data for future AI use cases. This trend drives Wasabi's roadmap. Every company becomes an AI company. This shift is happening now.
Cyber resilience is another critical focus. Enterprises handle sensitive training data pools. Robust security is paramount. Wasabi significantly beefed up its security capabilities. In December 2025, it launched Covert Copy. This feature creates hidden, immutable backups. These backups remain unseen and unaltered. Multi-user authorization controls access. The capability directly counters ransomware threats. It also protects against insider attacks. Attackers increasingly target backup infrastructure. Covert Copy provides a strong defense. Customer response to this feature has been robust.
L2 Point Management LLC led the recent funding round. They previously led a $250 million round in late 2022. Pure Storage Inc. joined as a new investor. Pure Storage specializes in all-flash data storage platforms. This investment signals a deeper relationship between the two companies. Both firms focus on the next generation of intelligent AI infrastructure. Existing investor Fidelity Management & Research Co. also participated.
Wasabi launched its flagship Hot Cloud Storage in 2017. It quickly gained traction. Its customer base spans diverse sectors. These include backup, cyber resilience, media and entertainment, and enterprise IT. Organizations with large-scale data retrieval and archiving needs also utilize Wasabi. Prominent customers include iHeartMedia, the Boston Red Sox, and Liverpool Football Club. Toshiba and Cornell are also among its users.
Wasabi now manages over three exabytes of customer data. This data spans 16 global regions. The company maintains a strong global footprint. It continues aggressive expansion plans. The company is profitable. However, its primary focus remains growth. Investors align with this growth-first strategy. Long-term profitability is the ultimate goal.
The valuation of $1.8 billion reflects investor confidence. It acknowledges Wasabi's strong market position. The company offers a compelling alternative to large hyperscale providers. It provides better, more predictable costs. This predictability is crucial for enterprises. It is vital for AI developers.
Storage may not garner the same attention as GPUs. But it remains indispensable for AI systems. Without efficient data access, AI tools falter. Wasabi’s solutions offer high-performance storage. They deliver it affordably. This combination is powerful. It enables modern data stacks. These stacks blend cost discipline with performance. They are built for AI-era use cases.
Wasabi’s innovative solutions help make storage both high-performance and affordable. The company's execution is strong. It delivers scalable, low-cost cloud storage. This storage is built for AI-ready data environments. It avoids added complexity. It prevents unpredictable costs. The company's strategy forward is clear. It sits at the nexus of storage, AI performance, and cyber resilience. These elements define its view of AI's impact on storage markets. They highlight opportunities for strategic advantage. Wasabi aims to lead the next generation of cloud storage. It powers data-intensive workloads. This includes generative AI and autonomous systems. This funding round solidifies that vision.