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Backblaze

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Backblaze, Inc.
Company typePublic
Nasdaq: BLZE
Industry
FoundedApril 20, 2007; 17 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)
  • Frank P. Patchel (CFO)
  • Kevin Gavin (CMO)
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)
Websitebackblaze.com
Footnotes / references
[1]

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.[2] Its two main products are their B2 Cloud Storage and Computer Backup services, targeted at both business and personal markets.

History

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Backblaze was established in 2007 in San Mateo, California.[3] In 2008, the company released online backup services to support PCs running Apple's macOS and Microsoft Windows.[3]

In October 2021, Backblaze filed to go public on the Nasdaq under the symbol BLZE.[3] In November, the company launched its public IPO.[4]

Backblaze and Catalogic, a data protection vendor, announced their partnership in March 2022.[5]

Since 2013, Backblaze has reported quarterly reliability statistics for its data center hard drives, showing annual failure rates for each model.[6][7]

Products

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Cloud backup

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Backblaze's first product was its computer backup, offering users to back up their computer data continuously and automatically with a monthly subscription service.[8]

Backblaze B2 Cloud Storage

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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.[9]

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.[10] 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.[11][12]

Technology

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Data centers

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Backblaze has five data centers; four in the United States and one in Europe. Two U.S. data centers are in Northern California near Sacramento, one is in Phoenix, Arizona, and in December 2022, Backblaze took residence in the CoreSite data center in Reston, Virginia.[13] Backblaze's data center in the European Union is located in Amsterdam, Netherlands.[14] In September 2022, Backblaze contracted 1MW of capacity at Nautilus's floating data center in Stockton, California.[15]

References

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  1. ^ "Backblaze, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 1 April 2023. pp. 6, 55–56.
  2. ^ Mellor, Chris (13 December 2022). "Back up a minute: Backblaze on SMR, storage tiers, and Web3". Blocks and Files. Retrieved 23 December 2022.
  3. ^ a b c Novet, Jordan (18 October 2021). "Amazon cloud storage challenger Backblaze files to go public". CNBC. Retrieved 19 August 2022.
  4. ^ "Backblaze Stock Could Be The Next Cloudflare In The Making (NASDAQ:BLZE)". seekingalpha.com. 22 November 2021. Retrieved 19 August 2022.
  5. ^ Fay, Joe (14 March 2022). "Catalogic partners with Backblaze to tackle ransomware and tape maintenance". Blocks and Files. Retrieved 21 September 2022.
  6. ^ "Backblaze HD reliability stats show oldies can be goodies". The Register. 1 February 2022. Retrieved 26 July 2023.
  7. ^ "Backup Company Reveals Hard Drive Failure Rates For 2022". Tom's Hardware. 31 January 2023. Retrieved 26 July 2023.
  8. ^ "Backblaze: Online Backup With Time Machine's Finesse". TechCrunch. 2 June 2008. Retrieved 28 March 2016.
  9. ^ Lardinois, Frederic (28 June 2016). "Backblaze launches its low-cost cloud storage service out of beta". TechCrunch. Retrieved 18 October 2022.
  10. ^ Lardinois, Frederic (4 May 2020). "Backblaze challenges AWS by making its cloud storage S3 compatible". TechCrunch. Retrieved 20 January 2023.
  11. ^ Sawers, Paul (7 June 2022). "Backblaze launches 'cloud replication' to help companies store and sync data across regions". VentureBeat. Retrieved 27 September 2022.
  12. ^ "Backblaze B2 offers cross-continent Cloud Replication service". TechTarget. Retrieved 27 September 2022.
  13. ^ "Backblaze Opens New US East Data Region". globenewswire.com (Press release). 13 December 2022. Retrieved 12 January 2023.
  14. ^ "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.
  15. ^ Butler, Georgia (9 September 2022). "Backblaze contracts 1MW of capacity at Nautilus's floating data center in Stockton, California". www.datacenterdynamics.com. Retrieved 23 December 2022.
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