Wasabi vs Shopify
Side-by-side comparison of AI visibility scores, market position, and capabilities
Cloud object storage at 80% less than AWS S3 with no egress fees; S3-compatible platform serving 50K+ customers in media, backup, and AI data storage workloads.
About
Wasabi Technologies is a cloud object storage company providing hot cloud storage at approximately 80% less cost than Amazon S3, competing on price, performance, and simplicity for customers who need to store and access large volumes of data in the cloud. Founded in 2015 in Boston, Massachusetts by David Friend and Jeff Flowers (both serial entrepreneurs who previously founded Carbonite), Wasabi has raised approximately $500 million and positioned itself as the lowest-cost alternative to AWS S3, Google Cloud Storage, and Azure Blob Storage for high-volume data storage needs.
NYSE: SHOP e-commerce platform at $8.88B FY2024 revenue with $292.28B GMV across 4.82M stores; Black Friday $11.5B processing competing with WooCommerce and BigCommerce for small-to-enterprise direct-to-consumer commerce.
About
Shopify Inc. is an Ottawa, Canada-based e-commerce platform — listed on NYSE (NYSE: SHOP) — providing 4.82+ million active merchant stores of all sizes (from solo entrepreneurs to enterprise brands) with tools for online store creation, multi-channel selling (web, mobile, social, in-person), payment processing (Shopify Payments, Shop Pay), inventory management, fulfillment, and marketing analytics, generating $8.88 billion in revenue in fiscal year 2024 (+26% year-over-year) with $292.28 billion in gross merchandise volume (GMV, +24%) and 875+ million customers who have purchased from Shopify merchant stores. Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake (started as a snowboard equipment store, pivoted to become the platform), Shopify has become the operating system for independent commerce — the default e-commerce infrastructure for the direct-to-consumer brand economy.
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