![]() The company has also been successful in differentiating itself from other cloud storage providers by offering a more cost-effective and scalable solution. 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. 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. ![]()
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