Backblaze, Inc.

Based in California, US, and founded in 2007, Backblaze, Inc. provides cloud storage and online backup services over the internet enabling clients to protect the data. In July 2012, Backblaze, Inc. raised USD 5 million in venture funding led by new investor TMT Investments.

The company has raised a total of USD 5. 3 million in funding. Backblaze employs approximately 228 employees and Gleb Budman is the CEO of the company. Backblaze, Inc.

provides a storage cloud platform for clients to store, use and protect that data. The company’s cloud services are offered through well-scale software infrastructure that is built on commodity hardware. Backblaze’s services include B2 Cloud Storage, Business Backup, and Personal Backup. The B2 Cloud Storage service offers scalable cloud storage for developers, IT admins, MSPs and media-heavy teams.

The Business Backup service is for businesses to protect systems and files as well as backup critical data from Veeam, servers, NAS, and workstations. The Personal Backup service allows users to back up their data from Mac or PC in the cloud. The company generates revenue through subscription of its product packages, which include B2 Cloud Storage (USD 0. 021 GB/month for storage and USD 0.

05 GB/month for download), Business Backup (USD 7 per month, USD 70 per year and USD 130 per two years) and Personal Backup (USD 7 per month). In addition, the company also generates revenue from transactions (class B transactions at USD 0. 004 per 10,000 API calls with 2,500 free per day and class C transactions at USD 0. 004 per 1,000 calls with 2,500 free per day) and data by mail (Backblaze B2 fireball at USD 550, USB flash drive up to 256 GB at USD 99 and USB Hard Drive up to 8TB of data at USD189).

In addition, the company has generated a revenue of USD 60 million for the 12 months ended on June 30, 2021. The company plans to go public on Nasdaq under the ticker symbol BLZE in 2022.