Wasabi

Systems and Information Management · Boston, MA · Founded 2017 · Privately Held (backing)

Developer of a cloud storage platform designed to store data simply and affordably. Wasabi is based in Boston, MA and was founded in 2017. It was valued at $1.8 billion at its later-stage round in Jan 2026, the last priced event on record. It has raised $619 million across 2 recorded rounds; the latest was a $103 million Series D1 in Jan 2026.

PMV mark · valuation
$1.8B
Oct 2026
Priced at
its later-stage round
Jan 2026
Total raised
$618.8M
Last round
Later Stage VC (Series D1)
Jan 2026
What is Wasabi worth?
$1.8BPrivateMarketView mark · Oct 2026

Valued at $1.8B at its later-stage round, Jan 2026. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Wasabi funding history

2 rounds
DateRoundRaisedPost-money
Jan 2026Later Stage VC (Series D1)$102.5M▮
May 2021Later Stage VC (Series C)$137.0M▮
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Wasabi valuation

Wasabi was valued at $1.8 billion at its later-stage round in Jan 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Wasabi raised?

Wasabi has raised $619 million in total; 2 of its rounds are on record. The largest on record was a $137 million Series C in May 2021; the most recent was a $103 million Series D1 in Jan 2026.

Institutional holders and vehicles

In the last 12 months, 1 investment vehicle was formed to buy Wasabi shares, reporting $1.5 million sold to 89 investors, per SEC Form D filings (most recent Nov 2025).

Comparable companies

Comparable systems and information management names by valuation on PrivateMarketView: DayOne ($3.7 billion), DataBank (Systems and Information Management) ($2.2 billion) and LambdaTest ($400 million).

How Wasabi's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Wasabi, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Wasabi

What is Wasabi worth?
Wasabi is valued at $1.8B as of Oct 2026. Valued at $1.8B at its later-stage round, Jan 2026. Nothing has traded since.
How much has Wasabi raised?
Wasabi has raised $618.8M in total funding across 2 recorded rounds.
When did Wasabi last raise?
Wasabi last raised in Jan 2026 (Later Stage VC (Series D1)), raising $102.5M.