Welcome to our dedicated page for Backblaze news (Ticker: BLZE), a resource for investors and traders seeking the latest updates and insights on Backblaze stock.
Company Overview
Backblaze, Inc. (NASDAQ: BLZE) is a cloud storage and backup service provider that has redefined data storage solutions with a focus on affordability, performance, and accessibility. Offering a direct, consumption-based pricing model, Backblaze provides innovative cloud solutions such as secure cloud object storage and automatic computer backup services for both individuals and businesses.
Business Model and Core Services
Backblaze operates on a consumption-based Infrastructure-as-a-Service (IaaS) model. Its primary services include:
- Cloud Storage: A flexible and low-cost storage option that uses a pay-per-use model, making it ideal for developers, media applications, and IT workflows.
- Cloud Backup: An automatic backup service that protects data on Macs and PCs, designed to meet the needs of individual users and businesses seeking reliable data protection.
Innovative Solutions and Technological Differentiation
Backblaze continually evolves its product offerings to address emerging industry challenges. One such innovation is Live Read, an advanced feature that allows media professionals to access portions of files as they upload. This breakthrough accelerates workflows for live media production and editing, reducing latency traditionally associated with large file transfers. The platform’s seamless integration via APIs supports a variety of applications including AI workflows, media management, and secure backup regimes, enabling customers to work more flexibly and efficiently.
Market Position and Competitive Landscape
Within the highly competitive cloud services landscape, Backblaze differentiates itself with a focus on simplicity, transparency, and low cost. While many traditional cloud providers offer elaborate ecosystems, Backblaze positions its offerings as straightforward alternatives that empower users to leverage data in an open cloud environment. This approach not only attracts developers and IT professionals but also appeals to media and entertainment sectors looking for rapid access and flexible integration capabilities.
Customer Segments and Global Reach
Backblaze serves a diverse clientele including developers, IT teams, media houses, and individual users. Its solutions scale to support both small-scale personal backups and large enterprise data storage needs. Although the majority of its revenue is generated in the United States, the company maintains an international presence with customers spanning across regions such as the United Kingdom, Canada, and beyond.
Technology, Security, and Operational Excellence
Security and reliability are at the core of Backblaze’s technological offerings. The platform not only ensures efficiency in data management but also incorporates robust security features to protect against data loss and cyber threats, including ransomware. Its API-first approach and S3 compatibility make it a versatile tool for developers seeking to integrate cloud storage seamlessly into their applications, reinforcing its reputation as a trustworthy and dependable cloud storage solution.
Summary
Backblaze stands out in the cloud storage industry by providing a modern and affordable alternative to traditional cloud back-end solutions. Its emphasis on open cloud frameworks, combined with user-friendly backup solutions and innovative acceleration technologies like Live Read, underscores its commitment to customer empowerment and operational efficiency. By consistently prioritizing transparency, performance, and ease of use, Backblaze has established a compelling value proposition and maintains a respected position within its competitive landscape.
Backblaze (BLZE) has announced a strategic partnership with PureNodal to deliver enterprise-grade solutions for AI and high-performance computing (HPC) workloads. The collaboration combines PureNodal's AI-optimized compute platform with Backblaze's B2 Cloud Storage to create a cost-effective and efficient solution.
The partnership introduces PureNodal Object Storage, Powered By Backblaze, which is designed to help enterprises store and access large volumes of unstructured data. The solution integrates PureNodal's cloud fabric, low-latency software-defined networking (SDN), and high-performance infrastructure with Backblaze's storage capabilities to provide a scalable foundation for resource-intensive workloads like AI model training, data analytics, and media rendering.
Backblaze (BLZE) has announced a series of technology and channel partner showcases at the upcoming National Association of Broadcasters (NAB) Show, scheduled for April 6-8, 2025. The company will host demonstrations at booth SL7616, featuring collaborations with multiple technology partners to showcase cloud storage and AI solutions for media professionals.
The showcase includes presentations from eleven partner companies including PureNodal, Twelve Labs, Mimir, IOMOVO, Iconik, Chesa, Suite Studios, CatDV, Axle.ai, and CuttingRoom. These sessions will demonstrate various solutions combining Backblaze's storage capabilities with specialized media production tools, focusing on AI semantic search, live production, digital asset management, and collaborative video production workflows.
The presentations are open to all NAB exhibition hall badge holders, with opportunities for attendees to book meetings and demos to discuss specific production requirements.
Backblaze (NASDAQ: BLZE) has strengthened its partnership with CHESA to enhance creative workflows in the media and entertainment (M&E) sector. The collaboration combines Backblaze's cost-effective cloud storage infrastructure with CHESA's expertise in media workflow design.
The partnership aims to deliver three key benefits: enabling global team collaboration, streamlining workflows through tool integration, and ensuring content security through reliable storage solutions. The alliance includes partnerships with industry leaders like LucidLink and iconik to create a comprehensive ecosystem for creative processes.
The joint solution offers LucidLink's real-time cloud file access capabilities and iconik's cloud-native media asset management platform, powered by Backblaze's scalable cloud storage infrastructure. The companies will showcase their integrated solutions at the upcoming NAB Show in Las Vegas.
Backblaze (Nasdaq: BLZE), a cloud storage innovator, has announced its participation in the upcoming Citizens JMP Technology Conference in San Francisco. The company's CFO, Marc Suidan, will deliver a presentation on Tuesday, March 4, 2025, at 1:30 p.m. Pacific Time.
The presentation will be accessible via webcast, with both live and archived versions available through Backblaze's investor relations website at ir.backblaze.com. This event showcases Backblaze's commitment to engaging with the investment community while positioning itself as a modern alternative to traditional cloud providers.
Backblaze (BLZE) reported strong Q4 2024 financial results with 18% year-over-year revenue growth to $33.8 million. B2 Cloud Storage revenue grew 22% to $17.1 million, while Computer Backup revenue increased 13% to $16.7 million.
Key Q4 metrics include gross profit of $18.5 million (55% margin), adjusted EBITDA of $4.6 million (14% margin), and a net loss of $14.4 million. The company achieved notable success with AI customers, reporting 65% YoY growth and 3 AI companies among their top 10 customers.
For full-year 2024, total revenue reached $127.6 million, up 25% YoY, with B2 Cloud Storage revenue growing 36% to $63.3 million. The company secured a significant customer deal exceeding $1 million in annual contract value and completed a secondary offering raising $37 million in net proceeds.
Backblaze (BLZE) and Kandji have announced a strategic partnership to provide comprehensive device management and data protection for businesses. The integration combines Kandji's Apple endpoint management platform with Backblaze's cloud backup services.
The partnership enables customers to:
- Deploy Backblaze effortlessly using Kandji's automated workflows
- Enhance data security through reliable cloud backup
- Scale solutions for organizations of all sizes
- Reduce IT overhead via a unified platform
The collaboration has already shown success in Apple-focused IT environments, with managed IT provider Foojee reporting benefits including Help Desk time savings, increased security, and improved reliability. The integration aims to streamline device management and data protection while providing Mac-native solutions that prioritize simplicity and security.
Backblaze (NASDAQ: BLZE) has been recognized as a Leader in G2's Winter 2025 Report, securing over 15 badges across multiple categories. The company received notable recognition for Best Estimated ROI in Object Storage Solutions, High Performer in Storage Management, Fastest Implementation for Storage Management, and Leader status in Online Backup and Disaster Recovery.
The company's performance in G2's Winter 2025 Report demonstrates strong customer satisfaction across key operational areas, including ease of use, implementation speed, and support quality. These recognitions are particularly significant as they are based on authentic reviews and ratings from business professionals, requiring a minimum of ten reviews and five responses for usability-related qualifications.
Backblaze (Nasdaq: BLZE) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 25, 2025, after market close. The cloud storage company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results. Interested parties can attend the webcast or register to listen via phone, with dial-in information to be provided via email to registrants. An archive of the webcast will be made available on the company's Investor Relations page shortly after the event.
Backblaze (NASDAQ: BLZE) has announced the Winter Release of its B2 Cloud Storage platform, introducing significant updates to enhance enterprise security and streamline data workflows. The release includes several key features: Scalable Application Keys allowing generation of up to 10,000 unique data access keys per minute, Scoped Application Keys for more nuanced access control, and a strengthened Command Line Interface with improved security features.
The update also introduces Event Notifications for automated workflow triggers, Custom Upload Timestamps for maintaining original file metadata during migrations, and IPv6 support. The platform, which serves over 100,000 businesses, now includes a Partner API for automated trial account provisioning and various under-the-hood improvements for enhanced system efficiency and service stability. All features are available across all Backblaze global regions, including the new Canada East data region.
Backblaze (Nasdaq: BLZE) has announced the opening of a new data region in Toronto, Ontario, marking a significant expansion into the Canadian market. The Canada East (CA East) region aims to serve the rapidly growing Canadian cloud services market, which is expected to grow at a CAGR of nearly 20%.
The expansion addresses increasing demands from industries such as healthcare, finance, and government, particularly focusing on data sovereignty requirements. Backblaze has partnered with Opti9 Technologies, Canada's largest Veeam Cloud Service Provider, as the exclusive Canadian channel for Backblaze B2 Reserve and the Powered by Backblaze program.
The new facility is designed to ensure compliance with local regulations while offering cloud storage solutions at competitive prices compared to larger providers. This move aligns with the growing trend toward multi-cloud and hybrid cloud strategies, emphasizing open, interoperable solutions that avoid vendor lock-in.
FAQ
What is the current stock price of Backblaze (BLZE)?
What is the market cap of Backblaze (BLZE)?
What is Backblaze's primary business model?
What are the core products offered by Backblaze?
How does Backblaze differentiate itself from traditional cloud providers?
What innovative feature does Backblaze offer for media and live production?
Who are the typical customers served by Backblaze?
How does Backblaze ensure data security for its users?
Is Backblaze suitable for enterprise-level applications?
What are the advantages of using Backblaze's cloud storage services?
