![]() The company’s net loss was $14.9 million in 2020, a slight improvement from the $16.5 million loss in 2019.ĭespite the losses, Backblaze has seen steady growth in recent years and has a loyal customer base. This approach has allowed the company to offer its services at a fraction of the cost of traditional cloud storage providers.Īccording to CNBC, Backblaze generated revenue of $169.7 million in 2020, an increase of 17% from the previous year. ![]() The company has a unique approach to data storage, using its proprietary storage pods, which are made up of off-the-shelf components, to provide a cost-effective and scalable solution for cloud storage. Today, Backblaze has over 100,000 customers and provides a secure and reliable solution for data storage and backup. Over the years, the company has expanded its offerings to include cloud storage and personal backup solutions, as well as enterprise storage solutions. Background of Backblazeīackblaze was founded in 2007 by Gleb Budman and Brian Wilson with the goal of providing unlimited online backup for just $5 per month. This article will delve into the details of the company, its background, and what the public can expect from its upcoming IPO. The company has gained a lot of attention due to its innovative approach to cloud storage, making it accessible and affordable for everyone. Phone registrants will receive dial-in information via email.Īn archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze website at.Backblaze Thursday 100m IPO 650mnovetcnbc, a cloud storage company, announced its plan to go public on Thursday with an initial public offering (IPO) of 100 million dollars. Īs part of Backblaze’s continuing efforts to enhance communications and engagement with its shareholders, verified retail and institutional shareholders will be able to submit and upvote questions in advance of its first quarter 2023 earnings call through the Say Connect platform. Since its initial public offering (IPO) at 16 per share on Nov. ![]() Management will address a selection of these questions relating to Backblaze’s business and financial results during the call. Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5 on the day and closing almost 100 above a 16 IPO. In this article, Backblaze NASDAQ Thursday 100m IPO 650mnovetcnbc, we will look closer at Backblaze’s IPO and explore the company’s history, products, and prospects. Background and History: Backblaze was founded in 2007 by Gleb Budman and Brian Wilson to provide affordable and reliable cloud backup services to individuals and businesses. īackblaze makes it astonishingly easy to store, use, and protect data. ![]() Cloud data and backup specialist Backblaze wasnt the splashiest tech IPO of the year when it debuted on the Nasdaq on Nov. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. Everything you need to know about Backblaze IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Deal Size and Underwriters. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. Provides cloud storage for consumers and SMBs. Founded in 2007, the company is based in San Mateo, CA.
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