Carbonite founders’ new startup aims directly at Amazon Web Services

Nearly a year after Carbonite Inc. co-founders David Friend and Jeffrey Flowers first raised money for a stealthy new cloud storage startup called BlueArchive Inc., the duo is publicly launching their company with a new name and an ambitious plan to undercut the fastest-growing segment of Amazon.com Inc.’s business.

Now called Wasabi, the startup is offering to store large amounts of data at a fraction the price of Amazon Web Services’ S3 offering — the flagship product of a cloud computing business that raked in $12 billion for Amazon (Nasdaq: AMZN) in 2016 and grew 55 percent year-over-year. Read more >>