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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.
Kevin Gavin joins Backblaze as chief marketing officer to enhance brand presence and drive growth following the company's IPO in November 2021. With over 30 years of marketing expertise, Gavin aims to deepen customer engagement and expand brand awareness. CEO Gleb Budman emphasized Gavin’s proven track record in leading high-growth teams within public companies. Backblaze, serving over 500,000 customers globally, continues to prioritize user-friendly data storage and protection solutions, furthering its mission to simplify data management.
Backblaze (Nasdaq: BLZE) will announce its financial results for Q2 2022 on August 9, 2022, after market close. A conference call and webcast will follow at 1:30 p.m. PT to discuss the results. Shareholders can submit questions via the Say Connect platform from August 2 to August 8. Backblaze, established in 2007, provides a cloud storage platform for businesses and individuals, managing nearly two exabytes of data for over 500,000 customers globally.
Backblaze (Nasdaq: BLZE) has partnered with Veritas to integrate B2 Cloud Storage within Veritas’ Backup Exec service. This collaboration aims to provide small and midsize businesses with a cost-effective, S3-compatible object storage solution for data backup and recovery. Backup Exec simplifies data management across various storage devices, allowing easy configuration for B2 Cloud Storage at a fraction of traditional costs. The partnership emphasizes simplification, hybrid-cloud adoption, and reduced costs, with B2 Cloud Storage offered at one-fifth the price of conventional options.
Backblaze partners with Carahsoft Technology Corp. to enhance access to its B2 Cloud Storage services for federal, state, and local government agencies, as well as educational institutions. This partnership addresses common barriers to cloud adoption by offering cost-effective and transparent solutions. Backblaze's recent introduction of B2 Reserve pricing is expected to support growing demand among public sector CIOs, who are increasingly focused on optimizing cloud expenditures amidst rising on-site IT costs. The collaboration allows Backblaze to utilize Carahsoft’s procurement networks.
Backblaze, Inc. (Nasdaq: BLZE) has launched its new Cloud Replication service, designed to meet the growing demands for data redundancy, compliance, and accessibility. Available from June 7, 2022, this service allows businesses to auto-store data in multiple cloud locations, making data management simpler and more cost-effective compared to traditional vendors. The service supports 3-2-1 data protection strategies in cloud infrastructures, enhancing data durability for various sectors including education, finance, and government.
Backblaze, Inc. (Nasdaq: BLZE) has launched a new Channel Partner Program aimed at enhancing cloud adoption through partnerships. This initiative follows the introduction of the Backblaze B2 Reserve capacity billing model. The program provides partners with resources, rewards, and support, including joint marketing efforts, channel-exclusive pricing, and automated deal registration. Senior Director Elton Carneiro emphasized the importance of equipping partners with tools to engage a wider customer base. The program is open for inquiries, with additional resources to be released soon.
Backblaze (Nasdaq: BLZE) reported strong performance for Q1 2022, achieving 27% overall revenue growth and 48% growth in its B2 Cloud Storage segment. Total revenue reached $19.5 million, with a net loss of $(12.5) million. Annual Recurring Revenue (ARR) stood at $79 million, reflecting a 28% year-over-year increase. The company introduced new features like Universal Data Migration and B2 Reserve.
For Q2, revenue is projected between $20.2 million and $20.6 million, maintaining a positive outlook for the year.
Backblaze, a leading storage cloud platform (Nasdaq: BLZE), announced that retail investors can now submit and upvote questions for its upcoming Q1’22 earnings call on May 5, 2022. This initiative aims to enhance investor engagement and transparency. Investors must visit the Say Connect platform to participate. Questions can be submitted until May 4, 2022, at 1:30 p.m. PT. Backblaze supports approximately 500,000 customers worldwide and manages nearly two exabytes of data storage.
Backblaze, a leading independent storage cloud platform, will announce its financial results for Q1 2022 on May 5, 2022, after market close. A conference call and webcast to discuss the results will follow at 1:30 p.m. PT. Shareholders will have the opportunity to submit and upvote questions for the management to address during this call, with the submission platform open from April 28 to May 4. Backblaze manages nearly two exabytes of data and serves around 500,000 customers globally.
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