#Backblaze raises pricing backup manual
#Backblaze raises pricing backup full
#Backblaze raises pricing backup trial

For the three months ended September 30, 2021, we expect to report revenue in the range of $17.0 million to $17.3 million, representing growth in the range of 23% to 25% compared to the three months ended September 30, 2020. As of June 30 this year, the annual recurring revenue was $64.8 million while net losses were $6.1 million. Backblaze Financials - Backblaze said it registered revenues of $53.8 million in 2020, as well as a $6.6 million net loss. JMP and B.Riley are also taking part in the offering.ħ. BLZE IPO Underwriters - Oppenheimer, William Blair, and Raymond James are key IPO underwriters. The company intends to use raised proceeds to increase its financial flexibility and create a public market for our Class A common stock, obtain additional working capital, and facilitate our future access to the public equity markets.Ħ. BLZE IPO Raised Proceeds: Backblaze is looking to raise $100 million at the midpoint of the expected pricing range. Backblaze IPO Valuation - Backblaze is seeking a valuation of between $428 million to $485 million.ĥ. The S-1 filing shows the number of outstanding shares after IPO offering would be 28,545,893 shares.Ĥ. Shares Offered - Backblaze is looking to sell 6,250,000 shares. Backblaze IPO Pricing - Backblaze expects to price its shares between $15.00 and $17.00 per share.ģ. Generally, shares that make their public stock market debuts start trading between 10 AM - 2 PM ET.Ģ. Backblaze will start trading under the ticker symbol “BLZE” on Nasdaq. Backblaze IPO Date - Backblaze will go public next Thursday, November 11. Here are 9 key things to know about the upcoming Backblaze IPO:ġ. The IPO will be available on Robinhood's IPO Access platform, among other brokerages.

#Backblaze raises pricing backup trial

Claim your 1-week free trial to StreetInsider Premium here.īackblaze (NASDAQ: BLZE), a storage cloud platform, plans to go public next week. and Europe, for less than half the price of a single copy with the traditional cloud vendors.News and research before you hear about it on CNBC and others.

#Backblaze raises pricing backup full

“In fact, they can now keep two full copies of their data across the U.S. “With Backblaze’s offering, they can replicate data easily and with minimal fees for the replication itself,” Budman said.

#Backblaze raises pricing backup manual

Moreover, cloud replication solves a major pain point - it saves developers and companies from having to write their own scripts as part of a manual data replication process, or use costly and complex offerings served up by the big cloud platforms. On top of all that, being able to maintain a fully-synchronized dataset across multiple regions also opens the door to lower-latency data access, where companies store their data closer to where it’s needed - this is particularly important at a time when companies are increasingly remote and globally distributed.

Cloud replication solves this problem without stressing IT teams or budgets.” “Because existing replication services are complex, expensive, and only exist within closed platforms - they are either unaffordable, unattractive or both for most businesses. “Businesses want to replicate data primarily to protect their business-critical data, but evolving compliance and data residency needs are also major drivers,” Backblaze cofounder and CEO Gleb Budman told VentureBeat. But also, some tightly-regulated sectors require multiple backups across different regions for security or data residency requirements - so being able to create a replicate automatically, with minimal manual configuration, can help companies comply with regulations, or the terms of a commercial contract. Recent datacenter disasters highlight the importance of the 3-2-1 backup ethos, which stipulates that there should be at least three copies of a piece of data, stored on two different types of media, one of which should be at a completely separate location. Hear from AI and data executives from Visa, Lowe’s eBay, Credit Karma, Kaiser, Honeywell, Google, Nissan, Toyota, John Deere, and more.Īnd there are many reasons why a company might want to do this. Register now for your free virtual pass to Transform’s AI Week, July 26-28.