The venture capital arm of Saudi Arabia’s state-owned energy producer Aramco is investing in Boston-area cloud-storage startup Wasabi Technologies. One of Aramco’s funds, Prosperity7 Ventures, is contributing to a $25 million follow-on investment, alongside the venture capital arm of disk-drive maker Western Digital Corp., Wasabi Chief Executive Officer David Friend said exclusively in a Bloomberg Radio interview Wednesday. Read more >>
Cloud data storage company Wasabi today announced that it raised $112 million in series C financing, bringing its total raised to $219 million. The company says that the funding will be put toward expanding its network of resellers, partners, and distributors as it opens new datacenters, grows its team, and builds its brand via new marketing initiatives. With cloud data storage growing 60% year over year, low-cost, reliable, and scalable storage services are in demand by a range of […]
Since late January or early February this year, Wasabi CEO David Friend said he got half a dozen calls from SPACs. “We’re sort of a high flyer, and they’re looking for these kinds of deals,” he said. Read more >>
David Friend is the co-founder and CEO of Wasabi, a revolutionary cloud storage company. David’s first company, ARP Instruments developed synthesizers used by Stevie Wonder, David Bowie, Led Zeppelin and even helped Steven Spielberg communicate with aliens providing that legendary five-note communication in Close Encounters of the Third Kind. Don’t be afraid to compete with companies that are bigger than you. Just because they are bigger doesn’t mean they are the best at everything. This has proven to be […]
Most startups enjoy discussing their growth rates — but not their revenues. That’s because they’re tapping the law of small numbers — a company with small revenues can more easily post eye-popping growth rates than do much larger incumbents…
Wasabi, a Boston-based cloud storage provider, recently borrowed $27.5 million to boost its growth. In a January 28 interview, CEO David Friend told me that the company has “more than tripled in the last year.” Read more >>
David Friend, CEO and co-founder of cloud storage provider Wasabi Technologies Inc. said last week’s debt raise will finance the construction of three to four more data centers this year, which will be added to the company’s current rooster of six data centers across the U.S., Europe and Japan. Read more >>
Form D Friday is a Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Wasabi on the list. Read more >>
Wasabi, the hot cloud storage company, has been named an “outperformer” in the new report, “GigaOm Radar for Alternatives to Amazon AWS S3.” GigaOm evaluated 11 cloud storage vendors based on common metrics related to Amazon AWS S3 including cost-predictability, performance, multi-cloud environment, and lock-in avoidance. Vendors were then categorized by execution, roadmap, and ability to innovate. Read more >>
David Friend, serial entrepreneur, has had a long relationship with Boston Harbor Angels since “The Carbonite days.” His latest startup, Wasabi Technologies, a hot storage company, is considered one of the hottest and most promising startup in Boston.
During his latest visit to Boston Harbor Angels, David said “Boston Harbor Angels is my favorite angel group.”
Ziad Moukheiber, President and CEO of Boston Harbor Angels, shared, “When entrepreneurs keep coming back to the group and become friends it is a true […]
Sue Nolin VP, Inside Sales, Wasabi Technologies — When it comes to growing sales and its channel team, Wasabi turns to Nolin. She is constantly working to up the cloud storage vendor’s game when it comes to supporting solution providers’ sales efforts every day. She knows the channel is key to her and Wasabi’s success. Read more >>
