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Backblaze

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Backblaze, Inc.
Company typePublic
Nasdaq: BLZE
Industry
FoundedApril 20, 2007 (18 years ago) (2007-04-20)
Founders
  • Gleb Budman
  • Billy Ng
  • Nilay Patel
  • Brian Wilson
  • Casey Jones
  • Tim Nufire
  • Damon Uyeda
HeadquartersSan Mateo, California, U.S.
Key people
  • Gleb Budman (CEO)
  • Marc Suidan (Chief financial officer, 2024-)[1]
Products
RevenueIncrease US$102 million (2023)
Decrease US$−58 million (2023)
Decrease US$−60 million (2023)
Total assetsDecrease US$132 million (2023)
Total equityDecrease US$44.9 million (2023)
Number of employees
381 (December 2023)
Websitewww.backblaze.com
Footnotes / references
[2]

Backblaze, Inc. is an American cloud storage and data backup company based in San Mateo, California. It was founded in 2007 by Gleb Budman and others.[3] Its services are intended for both business and personal markets.

History

[edit]

Backblaze was established in 2007 in San Mateo, California.[4] In 2008, the company released online backup services to support PCs running Apple's macOS and Microsoft's Windows.[4]

In October 2021, Backblaze filed to go public on the Nasdaq under the symbol BLZE.[4] In November, the company launched its public IPO.[5]

Backblaze and Catalogic, a data protection vendor, announced their partnership in March 2022.[6]

Since 2013, Backblaze has reported quarterly reliability statistics for its data center hard drives, showing annual failure rates for each model.[7][8]

On November 28, 2025, Backblaze announced a strategic integration with Shareio, a new platform enabling creators to monetize and protect their digital content. [9]

Backblaze has six data centers; four in the United States, one in Canada and one in Europe.[10][11]

As of April 2025, Backbaze has been reporting losses every quarter ever since going public in November 2021.[12]

Products

[edit]

Backblaze's first product was its computer backup, offering users to back up their computer data continuously and automatically with a monthly subscription service.[13]

In September 2015, Backblaze launched a new product, B2 Cloud Storage. Being an infrastructure as a service (IaaS), it is targeted at software integration for different kinds of businesses.[14]

In May 2020, Backblaze released an Amazon S3-compatible API, allowing customers to use existing tools and applications with B2 Cloud Storage without rewriting them.[15] In May 2022, Backblaze released its cloud replication services, which allow customers to back up and store data in a location that is geographically separate from the data's primary location.[16][17]

References

[edit]
  1. ^ Backblaze (16 August 2024). "Welcoming Chief Financial Officer Marc Suidan to Backblaze". Backblaze Blog | Cloud Storage & Cloud Backup. Retrieved 26 January 2026.
  2. ^ "Backblaze, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 1 April 2023. pp. 6, 55–56.
  3. ^ Mellor, Chris (13 December 2022). "Back up a minute: Backblaze on SMR, storage tiers, and Web3". Blocks and Files. Retrieved 23 December 2022.
  4. ^ a b c Novet, Jordan (18 October 2021). "Amazon cloud storage challenger Backblaze files to go public". CNBC. Retrieved 19 August 2022.
  5. ^ "Backblaze Stock Could Be The Next Cloudflare In The Making (NASDAQ:BLZE)". seekingalpha.com. 22 November 2021. Retrieved 19 August 2022.
  6. ^ Fay, Joe (14 March 2022). "Catalogic partners with Backblaze to tackle ransomware and tape maintenance". Blocks and Files. Retrieved 21 September 2022.
  7. ^ "Backblaze HD reliability stats show oldies can be goodies". The Register. 1 February 2022. Retrieved 26 July 2023.
  8. ^ "Backup Company Reveals Hard Drive Failure Rates For 2022". Tom's Hardware. 31 January 2023. Retrieved 26 July 2023.
  9. ^ https://www.marketscreener.com/news/backblaze-b2-cloud-storage-partners-with-shareio-s-creator-monetization-platform-ce7d5edbdc80f023
  10. ^ "Backblaze Opens New US East Data Region". globenewswire.com (Press release). 13 December 2022. Retrieved 12 January 2023.
  11. ^ "Backblaze opens data center in Amsterdam, retains same pricing as US". TechRepublic.com. 27 August 2019. Archived from the original on 14 September 2019. Retrieved 27 August 2019.
  12. ^ Harding, Scharon (28 April 2025). "Backblaze responds to claims of "sham accounting," customer backups at risk". Ars Technica. Retrieved 27 January 2026.
  13. ^ "Backblaze: Online Backup With Time Machine's Finesse". TechCrunch. 2 June 2008. Retrieved 28 March 2016.
  14. ^ Lardinois, Frederic (28 June 2016). "Backblaze launches its low-cost cloud storage service out of beta". TechCrunch. Retrieved 18 October 2022.
  15. ^ Lardinois, Frederic (4 May 2020). "Backblaze challenges AWS by making its cloud storage S3 compatible". TechCrunch. Retrieved 20 January 2023.
  16. ^ Sawers, Paul (7 June 2022). "Backblaze launches 'cloud replication' to help companies store and sync data across regions". VentureBeat. Retrieved 27 September 2022.
  17. ^ "Backblaze B2 offers cross-continent Cloud Replication service". TechTarget. Retrieved 27 September 2022.
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