Wasabi
Wasabi Technologies provides S3-compliant hot cloud storage. Notable features include data immutability, tier-free storage, and no egress fees.
Secondary Market Price
How Wasabi Measures Up
To help you manage your Wasabi equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series E
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Wasabi Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Wasabi's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Wasabi Technologies provides cloud storage solutions, focusing on enterprise-class, tier-free hot cloud storage. The company's services cater to sectors such as education, healthcare, media, and entertainment, offering products like the Wasabi Cloud Sync Manager for data migration and the Wasabi Account Control Manager for sub-account administration. Founded in 2017 in Boston, MA, by a team that includes Jeff Flowers, the company has since grown to between 201 and 500 employees. As of early 2023, Wasabi had secured a total of $254 million in funding.
Looking forward, Wasabi Technologies is using a recent $70 million equity funding round to scale its AI-first cloud storage platform and expand its NVMe-backed performance offerings, known as Wasabi Fire. This infrastructure is co-located with IBM Cloud in Silicon Valley. The company also recently introduced a new data protection feature called 'Covert Copy,' designed to make data invisible and immutable to unauthorized users. Wasabi has also launched video series like 'Spicy Bytes' to discuss technology topics with industry leaders.
- L2 Point Management
- Pure Storage
- Fidelity Management & Research Company
- Cedar Pine
- Forestay Capital
- Prosperity7 Ventures
- Azura
- SiS Cloud Global Tech Fund 8
- MGG Investment Group
- Western Digital Capital
- Co-Founder, Eren Derman
- Co-Founder, Hasan Atay
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Wasabi worth joining?
The decision to join any startup depends on your personal career goals and the company's potential, but evaluating the equity offer is a critical part of that calculation. A platform like Prospect can help you model the potential value of your equity compensation to make a more informed decision.
What should I do with my Wasabi stock?
Deciding what to do with private company stock involves complex tax and financial planning, including when to exercise options or sell shares. Tools like Prospect can provide customized strategies based on your financial situation to help you maximize your equity's after-tax value.
Can you sell Wasabi stock?
As a private company, Wasabi stock is not publicly traded, but employees may be able to sell shares through secondary markets or company-organized tender offers. Platforms like Prospect offer tools to help you navigate these selling opportunities and determine the most tax-optimal shares to sell.
How can I find the value of my Wasabi stock?
The value of private stock is typically determined by the company's latest 409A valuation, but this doesn't always reflect its future potential. To get a better forecast, equity management platforms use data from funding rounds and secondary markets to project a range of potential outcomes for your shares.
What is Wasabi's equity worth?
The precise worth of a private company's equity is unknown until a liquidity event like an IPO or acquisition occurs. However, you can use specialized tools to model different scenarios and project the potential future value of your Wasabi equity based on various data points.
What is Wasabi's stock ticker symbol?
As a private, pre-IPO company, Wasabi does not have a stock ticker symbol. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange like the NYSE or NASDAQ.
Can I buy or sell Wasabi stock?
Selling private shares is sometimes possible through secondary markets, while buying is typically restricted to accredited investors during specific funding rounds. If you are an employee looking to sell, a platform like Prospect can help you create a strategy for when and how much to sell.
What is the criteria to buy or invest in Wasabi stock?
Investing in a private startup is typically reserved for accredited investors and venture capital firms that participate in official funding rounds. For employees who receive equity as compensation, platforms like Prospect focus on helping you manage and maximize the value of the stock you already own.
