It has a global physical infrastructure of nearly 200,000 hard drives and one terabit per second of network capacity, across five data centres that are interconnected by private network infrastructure. Its Backblaze Storage Cloud service keeps over 500 billion files available on demand and is designed to store trillions more in the future. Almost half a million customersįounded in 2007, Backblaze has almost 500,000 customers worldwide. According to a report by Research and Markets. Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5 on the day and closing almost 100 above a 16 IPO price set. IPO In the cloud storage space, it competes with the likes of Incs (AMZN.O) Amazon Web Services, although Backblaze targets smaller companies.

initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings. Cloud storage provider Backblaze files for U.S. Our mission is to make storing, using, and protecting that data astonishingly easy,” San Mateo, California-based Backblaze said in the preliminary IPO filing. Cloud storage provider Backblaze Inc filed for a U.S. giants-still-weighed-down-by-clouds 0.5 T15:00:00+00:00 never.

San Mateo, California-based Backblaze, led by co-founder. , 84 points, 204 comments Usage of EU subsidiaries of US cloud providers deemed unlawful by German court.

“Data is the digital world’s most precious resource. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around 1 billion. Read more: Google to lower fees for its cloud serviceĬloud storage company Backblaze plans to list on the NASDAQ under the ticker BLZE, raising an initial amount of $100m (£75.5m), according to a recent filing.Īs the IPO paperwork is still at the preliminary stage, the figure of $100m is a placeholder amount that is likely to be revised as lead underwriters Oppenheimer & Co, William Blair and Raymond James get a better idea of investor demand and an eventual IPO price range and number of shares is set.US30 US Wall Street 30 (USA 30, Dow Jones)

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