![]() ![]() initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing. The company calculated that the community harvested 1,838 drives, including 300 on Black Friday alone, and helped Backblaze save 1.1 million. market for IPOs has been on a tear in 2020, fueled by a buoyant stock market, with more than $65 billion sold in stock, up almost 40% from the total for all of 2019. (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. The global market for cloud storage services is expected to grow from $50.1 billion this year to $137.3 billion by 2025, according to market research firm MarketsandMarkets. The IPO plan coincides with the COVID-19 pandemic driving more businesses to operate digitally and rely on cloud computing for more of their workflow. Library of Congress, according to a 2011 McKinsey study. San Mateo, California-based Backblaze is aiming to complete its IPO next year, the sources said, requesting anonymity as the plans are private. ![]() #Cloud backblaze thursday friday ipo softwareinitial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. Backblaze Inc is seeking to hire investment banks for an initial public offering (IPO) in 2021 that could value the cloud storage and backup software provider at around 1 billion, people familiar with the matter said on Friday. In cloud storage, it competes with the likes of Inc's Amazon Web Services, although Backblaze targets smaller companies.īackblaze said earlier this year it now stores one exabyte of customer data, which is the equivalent of more than 4,000 times the information stored in the U.S. Oct 18 (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. (This story corrects second paragraph to remove "early" before next year.Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies, and has since expanded into offering cloud storage services which is now the fastest-growing part of its business. market for IPOs has been on a tear in 2020, fueled by a buoyant stock market, with more than $65 billion sold in stock, up almost 40% from the total for all of 2019. ![]() In cloud storage, it competes with the likes of Inc (NASDAQ: AMZN)’s Amazon Web Services, although Backblaze targets smaller companies.īackblaze said earlier this year it now stores one Exabyte of customer data, which is the equivalent of more than 4,000 times the information stored in the U.S. Blackblaze, which is backed by venture capital firm TMT Investments, declined to comment on the IPO discussions. The sources cautioned that the plans are subject to change and market conditions. The following information was filed by Backblaze, Inc. We believe 2022 will be a pivotal year in our long-term mission to become the leading independent cloud for data storage. ![]() initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. cloud storage provider Backblaze eyes $1 bln valuation in IPO: sourcesīackblaze Inc is seeking to hire investment banks for an initial public offering (IPO) in 2021 that could value the cloud storage and backup software provider at around $1 billion, people familiar with the matter said on Friday. (BLZE) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. Cloud storage provider Backblaze Inc filed for a U.S. ![]()
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