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How Did Wasabi Get on Deloitte’s Technology Fast 500? Our People

November 8, 2023By Michael Bayer

As a CFO, I’m often asked what to look for in a successful company. Clear customer value proposition? Huge market? Great economic model? Great product? Great financing and strong investor support? Sure, it’s all of these. But the REAL answer is...it’s the PEOPLE. Great people doing great work makes for a strong business. There’s nothing that signals success as reliably as that, and all the success you’ll experience depends on the people on your team.

It's with this in mind that we proudly share the news that Wasabi has been included on Deloitte’s Fast 500 list for the second year in a row, ranked at #110. Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.

[caption id="attachment_127339" align="aligncenter" width="100%"] From left: Michael Bayer, Laurie Mitchell, Lindsey Kenny, Mike Welts[/caption]

Certainly, our product is a “no brainer” no matter what the economic environment is like. Investing in data and data storage remains a necessity for organizations worldwide, and Wasabi cloud storage is an attractive proposition for the market because we save our customers money, which in turn helps us grow rapidly. If you’re not storing your data with Wasabi, you’re paying too much.

But this recognition from one of the top financial advisors in the world is proof that we have the right people in the right places, executing every single day on our mission to store the world’s data. Since the last Deloitte Fast 500, Wasabi has completed our Series D funding, putting our valuation at over $1.1 billion. We have also expanded our business across the globe and supported our presence with dedicated sales and marketing teams in Asia Pacific and EMEA in addition to North America. As of today, we serve customers in over 100 countries, including some of the biggest brands in the world like Liverpool FC, Legendary Entertainment, and Ivy League institutions.

A big part of my role as CFO is to help ensure we put the right resources in the right places to succeed, and to help our business unlock the value in our company – carefully investing our capital in growing our business and mining our data to better understand how to serve our customers. Yet when we are recognized as an industry leader with an award like this, I’m reminded that it’s even more important to set us up to unlock the value in our people, to enable them not just to do what they need to do, but to accomplish more than they thought they can do. We welcome this honor from Deloitte for all the hard work our team does every day, and we’re looking forward to another strong year ahead in 2024.

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