![]() ![]() The company was incorporated in 2007 and is headquartered in San Mateo, California. Wall street usa stock market, Machine to cut out vinyl letters. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. Br 100m sprint, Nove kladionice u hrvatskoj, Reisebericht kuba 2013, Brush on block. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. Oct 18 (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. But Cloudflare plans to offer egress traffic for free as it can leverage cross-selling opportunities between its cloud storage solution and its various other products.Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. For instance, Backblaze prices egress traffic (the network traffic you generate when you download a file) from its platform at an attractive 80% discount to AWS. More importantly, Cloudflare will be competing on price. Indeed, Cloudflare's new cloud storage solution will most likely address the company's vast customer base of individuals and small businesses, which corresponds to Backblaze's core customers. Here's an illustration: In addition to the existing competition, the high-growth cloud delivery network specialist Cloudflare recently announced it has been developing a new cloud storage offering that should compete with Backblaze's. ![]() However, investors should realize the company remains exposed to intensifying competition, given the low barrier to entry simplified cloud storage capabilities represent. With the surge in the stock price over the last several days, the company's market cap sits at roughly $912 million, which corresponds to 16.7 times trailing-12-month sales.Īt such a rich valuation, the market is already anticipating Backblaze will provide flawless execution over the next several years to match or exceed the growth of its markets while improving profitability. Net losses increased to $6.1 million during the first half of this year, compared to a $1.3 million loss in the prior-year period. Weave Communications, Winc, and Lulu’s Fashion Lounge Holdings fell. As a result, operating leverage hasn't materialized yet. Vaxxinity, a biotech, gained more than 27 in its market debut Thursday, while Backblaze, a cloud storage platform, rose 19. 24, 2022 (GLOBE NEWSWIRE) Backblaze, Inc. Open and see Cloud friday 100m ipo 650mnovetcnbc SAN MATEO, Calif., Oct. The company has been investing in its infrastructure and offerings to support its growth and gain scale. For this Halloween, cloud friday 100m ipo 650mnovetcnbc gives extra discount for all of their customers. Backblaze has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) to offer 6,250,000 shares of its Class A common stock to the public. Its larger DPaaS business grew only 12.2% year over year to $21.1 million. (Backblaze), a leading storage cloud platform, today announced that it has launched the roadshow for its initial public offering. As a result, the company managed to accumulate approximately 500,000 paying customers at the end of the last quarter.īecause of its low prices, Backblaze generated modest revenue of $31.5 million during the first half of 2021, up 24.7% year over year, boosted by the strong 60.3% growth of its IaaS offering to $10.1 million. Backblaze CEO Gleb Budman, center, celebrated first day of trading on Nasdaq 6,250,000 shares were sold at 16 per share for the 100 million IPO, in the middle of projected range of between 15 and 17 that gave company a valuation of 583 million. ![]() Its self-service products also better suit individual users, as well as small- and medium-sized enterprises. But Backblaze developed differentiated offerings thanks to its simplified structure and lower prices relative to competitors. Of course, such attractive markets also involve a strong competitive environment that includes the larger cloud storage players such as Amazon Web Services (AWS) and Microsoft's Azure, among others.
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