Wasabi Hot Cloud Storage

Wasabi Technologies is a cloud storage company providing hot cloud storage at one-fifth the price and faster speed than competing services. Founded in 2015 by David Friend and Jeff Flowers in Boston, Massachusetts, the company operates 16 enterprise-grade storage regions worldwide and has raised over 70 million dollars in equity funding plus 250 million dollars in credit facilities, including the acquisition of Seagate Lyve Cloud business. The platform is 100 percent compatible with the Amazon S3 API, enabling seamless migration without code changes. Pricing is simple and predictable at 6.99 dollars per terabyte per month with no charges for API requests or egress fees, approximately 80 percent less expensive than AWS S3. Security and compliance include SOC-2 Type II, ISO 27001, PCI-DSS certification, HIPAA, GDPR, and FERPA compliance. The Covert Copy technology creates immutable invisible backup copies that ransomware cannot encrypt or delete, providing enterprise-grade ransomware protection. The platform serves over 13 million customers storing exabytes of data, with notable clients including Liverpool Football Club, Boston Bruins, Cornell University storing 2 petabytes of research data, BBC for media archives, Legendary Pictures, Adobe, Dell, and IBM. The 2026 Global Cloud Storage Index surveyed over 1,400 IT decision makers and found that healthcare organizations are accelerating AI investment amid rising infrastructure costs. The platform also supports multi-tenant authorization for managed service providers, object lock for compliance retention, and integration with Veeam, Commvault, Rubrik, and Veritas.