Backblaze

Backblaze

Cloud storage and data backup provider

Overview

Backblaze provides cloud storage and data backup services for individuals, businesses, and developers. Its products include Backblaze Computer Backup, which automatically backs up computers for a fixed monthly fee, and Backblaze B2 Cloud Storage, an affordable IaaS with S3-compatible APIs for developers and enterprises. The company runs on purpose-built, commodity-hardware infrastructure and publishes detailed drive-performance reports to ensure transparency, with features like cloud replication and flexible version history. Its goal is to offer simple, affordable, and reliable data protection and cloud storage that scales from individuals to enterprises.

About Backblaze

Simplify's Rating
Why Backblaze is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

IPO

Headquarters

San Mateo, California

Founded

2007

People at Backblaze

People at Backblaze who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • A $335M CoreWeave partnership secures five years of exabyte-scale HDD storage demand for AI training and inference pipelines.
  • B2 Cloud Storage grew 28% YoY in Q1 2026, with AI customers now representing over one-third of new bookings.
  • The company removed API transaction fees in May 2026, simplifying costs for AI developers managing large-scale exabyte datasets.

What critics are saying

  • Hyperscalers bundling AI storage with zero egress fees will undercut Backblaze's cost advantage within 6–12 months.
  • admirers switching to all-flash NVMe for AI inference will displace HDD-based B2 Overdrive within 9–15 months.
  • Rising equipment costs by 30% per unit will force a 15–25% price hike, eliminating its one-fifth price advantage within 6–12 months.

What makes Backblaze unique

  • Backblaze uses commodity HDD-based storage to deliver AI-grade throughput at one-fifth the price of hyperscalers.
  • Its purpose-built infrastructure publishes transparent hard drive failure rates, enabling customers to optimize data protection operations confidently.
  • Backblaze offers unlimited free egress via B2 Overdrive, eliminating costs for massive AI data transfers and multi-exabyte tiering.

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Funding

Total Funding

$160.3M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Vacation Policy

Maternity & paternity leave

Commuter Benefits

Fertility Treatment Support

Learning & development program

Stock Options

RSUs

ESPP program

Hybrid Work Options

Remote Work Options

Paid Vacation

Paid Holidays

Paid Sick Leave

Wellness Program

Mental Health Support

Gym Membership

Phone/Internet Stipend

Home Office Stipend

Childcare Support

Adoption Assistance

Parental Leave

Family Planning Benefits

Tuition Reimbursement

Professional Development Budget

Conference Attendance Budget

Employee Discounts

Legal Services

Meal Benefits

Relocation Assistance

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Bocada
Jun 22nd, 2026
Bocada and Backblaze announce strategic partnership to deliver unified backup observability for B2 Cloud Storage.

Bocada and Backblaze announce strategic partnership to deliver unified backup observability for B2 Cloud Storage. New integration brings real-time backup visibility, reporting, and automation to Backblaze B2 environments for MSPs. bocada | June 22, 2026 SEATTLE, WA and SAN MATEO, CA - June 22, 2026 - Bocada, a leading provider of backup monitoring automation and data protection observability software, and Backblaze (Nasdaq: BLZE), the cloud storage innovator delivering high-performance, S3-compatible object storage at a fraction of traditional cloud costs, today announced a strategic partnership to integrate Backblaze B2 Cloud Storage into the Bocada Cloud platform. The partnership enables joint customers to gain comprehensive visibility into their backup and storage environments, combining Backblaze B2 Cloud Storage for backup and archive workloads with Bocada's powerful monitoring, reporting, and automation capabilities. Together, the companies help MSPs and IT teams improve backup visibility, optimize storage usage, and strengthen data protection operations across cloud and hybrid environments. With this integration, Bocada Cloud users can now simply connect their Backblaze B2 account to monitor storage consumption, track backup performance, identify unprotected assets, and generate detailed reports across multi-vendor environments - all from a single interface. "Organizations today are managing increasingly complex backup and storage ecosystems, often spanning multiple vendors and cloud and hybrid platforms," said Matt Hall, CEO of Bocada. "By integrating Backblaze B2 into Bocada Cloud, we're giving customers a simple way to gain deep visibility and control over their storage usage while continuing to benefit from Backblaze's cost and performance advantages." Backblaze B2 Cloud Storage is widely used as a high-performance, S3-compatible cloud storage platform for backup, archive, and recovery workflows. Organizations use Backblaze B2 with leading backup platforms to store and protect critical business data while benefiting from predictable pricing, no egress fees, and instant access to data when recovery is needed. When paired with Bocada's observability platform, customers gain deeper insight into how backup storage is being used, helping them improve operational visibility, optimize costs, and ensure backup reliability. "Backblaze is focused on delivering high-performance, reliable cloud storage that organizations can depend on for modern backup and recovery workflows," said Rhett Dillingham, Senior Vice President, Product at Backblaze. "Partnering with Bocada gives customers deeper operational visibility into their backup environments, helping them monitor storage usage, improve resilience, and manage data protection with greater confidence." The integration is especially valuable for managed service providers (MSPs) and mid-market organizations that rely on backup software, ticketing systems, and other common MSP solutions. Bocada's platform aggregates data across backup software, storage targets, and infrastructure systems, enabling proactive alerting, automated ticketing, and intelligent remediation workflows. By adding Backblaze to its growing ecosystem of supported storage platforms, Bocada continues to strengthen its position as a vendor-neutral observability layer for modern data protection environments. The Backblaze B2 integration is available now within Bocada Cloud. About Bocada Bocada is a leading provider of backup monitoring and data protection observability software for enterprise IT organizations and managed service providers. Bocada delivers real-time visibility into backup environments, helping organizations ensure compliance, reduce risk, and optimize operations across complex, multi-vendor infrastructures. Learn more at www.bocada.com. About Backblaze Backblaze, Inc. (Nasdaq: BLZE) is a leading independent cloud provider that makes it easy and affordable to store, use, and protect data. The company's B2 Cloud Storage platform is S3-compatible and designed for high performance, cost efficiency, and ease of use. Backblaze serves hundreds of thousands of customers worldwide. Learn more at www.backblaze.com.

The New York Ledger
Jun 4th, 2026
Backblaze, Inc. (BLZE) presents at Bank of America 2026 Global Technology Conference transcript.

Backblaze, Inc. (BLZE) presents at Bank of America 2026 Global Technology Conference transcript. Backblaze, Inc. (BLZE) Bank of America 2026 Global Technology Conference June 3, 2026 5:00 PM EDT Company Participants Gleb Budman - Co-Founder, CEO & Chairman Conference Call Participants Frantz Famie Presentation Frantz Famie Hi. My name is Frantz Famie, and I cover technology and investment banking for BofA. And today, York Ledger has the pleasure to receive Gleb Budman, who is the CEO of Backblaze. And Gleb, I think not that many people know who Backblaze is, right, and especially the story around like being able to the history of you, the way you founded your company and everything. Question-and-Answer Session Frantz Famie So can you maybe walk York Ledger a little bit through the history and where you are today? Gleb Budman Co-Founder, CEO & Chairman Yes. And thank you, everybody, for coming and joining and chatting. So it is painful to say not that many people have heard, I mean, York Ledger has 0.5 million paying customers. But I don't think you're wrong. I think that its opportunity to be better known is quite large. So York Ledger started the company almost 20 years ago in 2007. York Ledger initially started it in the cloud backup space, but York Ledger ended up designing and building its own cloud infrastructure for that purpose. And so today, York Ledger is essential infrastructure for AI. And I certainly talk to more of how that's the case. But it started from a need of York Ledger needed to build storage infrastructure that was high performance and very efficient for the purposes of providing it to its cloud backup service. And its original plan was to store that on AWS. York Ledger did the math, realized York Ledger were going to lose money on every single customer, started from first principles, wrote its own file system, built its own infrastructure, built the whole stack and offered that to

The Associated Press
Apr 13th, 2026
Backblaze appoints Anuj Kumar as CRO to drive AI-era cloud storage expansion

Backblaze has appointed Anuj Kumar as Chief Revenue Officer. Kumar brings over 20 years of experience scaling cloud revenue organisations at enterprise infrastructure companies, most notably driving NetApp's worldwide cloud business during significant growth. The appointment comes as Backblaze's B2 Cloud Storage business grew 26% year over year in 2025 and closed its first eight-figure total contract value deal. The company is targeting neoclouds and AI-native developers, with the neocloud GPU provider market representing an estimated $14 billion storage opportunity by 2030. Kumar previously served as SVP and General Manager for North America at SUSE and Chief Revenue Officer at HUMAN Security. He also held senior roles at NetApp, VMware, Rackspace, Verisign and Red Hat.

Business Wire
Mar 30th, 2026
Backblaze grants 276,890 RSUs to new SVP of Product and VP of Revenue Operations

Backblaze has granted equity inducement awards to two senior executives as part of their employment agreements. Rhett Dillingham, Senior Vice President of Product, received 194,240 restricted stock units, whilst Joey Myers, Vice President of Revenue Operations, received 82,650 RSUs. The awards will vest over four years, with 25% vesting after one year and the remainder in equal quarterly instalments over the following three years, contingent on continued employment. The grants were made on 24 March 2026 under Nasdaq Listing Rule 5635(c)(4). Backblaze provides cloud object storage services to over 500,000 customers globally, supporting AI workflows, data-heavy applications and media management. The company trades on Nasdaq under the ticker BLZE.

Backblaze
Mar 13th, 2026
Backblaze Now Serving 314 Trillion Digits of Pi

Backblaze now serving 314 trillion digits of Pi. Lots of Backblaze, Inc. were taught that pi equals 3.14. Maybe 3.14159 if your teacher was ambitious. Akira Haraguchi, who holds the Guiness Book of World Records title for reciting the most digits of pi in a single run, got up to 100,000 digits in 16 hours. That's still only a fraction of the record digits of pi that are calculated - 3.18471338 x 10[-8] % to be exact. So why do Backblaze, Inc. need that much pi? A pi record isn't a burst workload. It's a system that runs at sustained pressure for months, writing checkpoints, flushing buffers, and proving that nothing quietly breaks. Last December, StorageReview set a new record, calculating 314 trillion digits on a Dell PowerEdge R7725. In honor of Pi Day, Backblaze B2 Cloud Storage has teamed up with StorageReview to host that dataset, which totals over 130TB. The pi dataset is generally available, publicly accessible, and structured for large-scale retrieval and analysis. Why pi remains a compute benchmark. Pi has long served as a proving ground for computational systems because it offers a deterministic workload with clear correctness criteria and sustained compute and input/output (I/O) demands. Records in pi computation trace back decades and reflect both mathematical and computational advances. In 1949, ENIAC - the first programmable, electronic, general-purpose, digital computer - computed 2,037 digits of pi in about 70 hours, an early demonstration of electronic computing capability that was eventually published in the paper, "The ENIAC'S 1949 Determination of π." Algorithms have evolved significantly since then. The Chudnovsky algorithm, developed in 1988, is one of the fastest converging methods for high-precision pi calculation and has been used in many modern record attempts because of its efficiency at large digit counts. Pi calculations do not mirror typical enterprise workloads such as databases or machine learning training, but their determinism and large scale make them useful for evaluating sustained performance of CPU, memory, and storage subsystems under continuous load. It's also used in various security functions including random number generation (because computers can't be truly random), cryptographic algorithms, hash functions, digital signatures, and secure communications protocols like SSL/TLS. What the 314 trillion digit run represents. In December 2025, StorageReview reported a new record by calculating pi to 314 trillion digits on a single server that ran continuously for approximately 110 days before completion. The achievement emphasizes not only the scale of the computation but also the role of storage architecture, non-uniform memory-access (NUMA) tuning, and system stability in sustaining such a workload. The raw output of the run, including checkpoints, extended beyond 2PB of data. The finalized dataset hosted in Backblaze B2 exceeds 130TB and is divided into 200GB objects suitable for staged retrieval. Engineers, researchers, and pi enthusiasts can freely retrieve their own slice of pi (or the whole thing) for analysis, performance characterization, and tool validation. Structuring the dataset into manageable objects enables selective download for analysis, parallelized workflow testing, and evaluation of sustained object retrieval performance. How to access the dataset. The 314 trillion-digit dataset is available today via Backblaze B2 Cloud Storage. To request access: * Visit the pi landing page. * Submit the required information to receive credentials. * Use the provided instructions to download via rclone, an open-source cloud storage management tool. The object layout supports both partial and full dataset retrieval strategies. Enjoy your pi! With all the ways you can use the pi dataset, Backblaze, Inc. can't wait to hear what you all are working on. Feel free to let Backblaze, Inc. know what you're working on in the comments section below, on socials, or by email. Happy experimenting!

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