Wasabi Technologies Appoints Pinaki Mukherjee As Senior Vice President

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The platform supports “hot” data (data that’s readily available), active archive “cool” data (data that’s accessed only occasionally) and inactive archive cool data (data that’s retrieved infrequently), with integrations for gateways, apps and third-party platforms. The company also offers reserved capacity pricing with a 30-day retention policy that allows customers to purchase 50 terabytes or more for one-, three- or five-year terms. The company recently landed contracts with the Boston Red Sox, Boston Bruins and Liverpool Football Club. That’s up from 30% in 2015, the year the analytics firm began tracking the trend. But with Wasabi’s revenue doubling from 2020 to 2021, the startup’s evidently doing something right. Friend didn’t commit to firm hiring plans when asked, but he said that he expects Wasabi’s 250-person headcount to “grow as [the company] expands into additional vertical markets and geographies.” “I think closing a large up round in this environment speaks to the spectacular growth of Wasabi, the magnitude of the cloud storage opportunity and our leadership as the industry’s largest pure-play cloud storage vendor.”Friend and Flowers joined forces in 2015 to start Wasabi, when Friend was still the CEO of cloud backup company Carbonite. Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s. Wasabi also introduced an object lock feature to provide immutable storage for protection against ransomware, human error and other types of data loss. On the customer acquisition front, Wasabi now has clients across more than 100 countries, according to Friend, including from higher education, media and entertainment, data protection and disaster recovery and the public sector. “Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox.”