Wasabi Systems

Wasabi Systems develops and provides the Wasabi Certified BSD (WCB), an operating system specifically designed for advanced networked devices, ensuring cost-effective solutions for OEMs without GPL licensing complexities. Wasabi Systems, founded in 1995 in Norfolk, US, specializes in the Wasabi Certified BSD operating system for advanced networking applications. The company has not undergone significant pivots or changes in its business strategy. The founders, ChiTing Lee, Houssem Aoudi, and Shilpa Sahni, and the current CEO, Chris Park, guide the company's operations.

In April 2002, Wasabi Systems raised USD 2 mn in Series A funding, led by Newlight Management and supported by Himalaya Capital Ventures and The Praxis Companies, LLC, bringing the total amount raised to USD 2 mn. Wasabi Systems specializes in the development of Wasabi Certified BSD (WCB), a highly tested and certified BSD-family operating system tailored for advanced networked devices. WCB provides OEMs with a robust open-source operating system, avoiding complexities and costs associated with GPL licensing. It serves clients such as Intel, Apple, Marvell, and IBM, and includes extensive documentation and a comprehensive Board Support Package compatible with Windows, Linux, and BSD, primarily in North America and Europe.

Wasabi Systems generates revenue through direct business-to-business interactions via licensing agreements for the Wasabi Certified BSD operating system. These agreements involve one-time fees and ongoing support services, fostering long-term partnerships through tailored licensing to meet unique client needs. The specific pricing for services remains proprietary, but the revenue structure promotes a steady inflow from established clients. The company plans to utilize the recent USD 2 mn in Series A funding to enhance its product offerings and expand into new markets.

Specific focus is on developing new features for the Wasabi Certified BSD operating system and exploring growth opportunities in Asian markets by 2025. The strategic use of funding will support product development and market entry initiatives.