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.
Backblaze, Inc. (Nasdaq: BLZE) is a prominent provider of cloud storage and backup solutions. Founded in 2007 and headquartered in San Mateo, CA, Backblaze offers a range of services designed to make data storage, management, and protection easy and affordable for individuals and businesses worldwide.
The company's flagship product, Backblaze B2 Cloud Storage, is a consumption-based Infrastructure-as-a-Service (IaaS) solution that allows customers to store and manage data efficiently. Ideal for developers and IT professionals, B2 Cloud Storage supports use cases such as backups, multi-cloud setups, application development, and ransomware protection. Priced at $0.005/GB/month, it is one of the most cost-effective solutions in the market.
Another key offering is Backblaze Computer Backup, which provides unlimited backup for personal and business computers at $5/month. This service automatically backs up data from laptops and desktops, ensuring that critical information is always protected and accessible.
The company's robust cloud infrastructure, known as the Backblaze Storage Cloud, supports over three billion gigabytes of data for more than 500,000 customers across 175 countries. Backblaze's solutions are integral for building applications, hosting content, managing media, and archiving important data.
Recent achievements highlight Backblaze's commitment to innovation and expansion. The company reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023. Additionally, Backblaze has been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement processes for state, local, and educational institutions. This partnership enhances Backblaze’s reach in the public sector, offering affordable and reliable data management solutions.
In the media and entertainment sector, Backblaze has joined the Trusted Partner Network (TPN), demonstrating its commitment to rigorous information security standards. This membership is crucial for safeguarding intellectual property and ensuring secure content exchange.
Furthermore, Backblaze has launched Live Read, a patent-pending feature that enhances media workflows by allowing teams to edit and share content while files are still uploading. This innovative service is set to revolutionize live media use cases, speeding up engagement and revenue generation.
Backblaze's dedication to affordability, ease of use, and security makes it a leading choice for cloud storage and backup. For more information, visit www.backblaze.com.
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