It is expected to price during the week of November 8, 2021. Riley Securities are the joint bookrunners on the deal. Oppenheimer & Co., William Blair, Raymond James, JMP Securities, and B. It plans to list on the Nasdaq under the symbol BLZE. The company has attracted over 480,000 customers, who use its Backblaze Storage Cloud platform across more than 175 countries on its approximately 2 exabytes, or 2 trillion megabytes, of data storage under management.īackblaze was founded in 2007 and booked $60 million in revenue for the 12 months ended June 30, 2021. It provides these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. Their stock opened with 16.00 in its IPO. Backblaze is registered under the ticker NASDAQ:BLZE. Their latest funding was raised on from a Series A round. At the midpoint of the proposed range, Backblaze would command a fully diluted market value of $644 million.īackblaze states that it is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data. Backblaze has raised a total of 5.3M in funding over 3 rounds. The San Mateo, CA-based company plans to raise $100 million by offering 6.3 million shares at a price range of $15 to $17. If you try any of these out, let me know how you like them.Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday. If you already have an online backup service and you recommend it, let me know which one and why. What's more, if you're on the road for an extended period - on a business trip or vacation, for example - and away from your usual means of backup, it's good to know that you have another system that you can set and forget and use in a pinch if you need to recover a file or a drive. They're both reliable services, and they all offer an iOS app that lets you view your backups and even access your files when you need to. It won't cost you anything for either Backblaze or Carbonite's free trials: See which you like best and go with that one. On-site backups are a good first step, but off-site backups keep your personal data secure in the event of a catastrophe, water leak, burglary, or pet problem. In the end, we strongly suggest giving one of these services a try. See at Acronis (opens in new tab) Bottom line You do, however, get great savings by signing up more than one computer (5 computers are only $100 to start). You get about half of what you'd get with the $100/year, 1TB subscription and only two-thirds of what you'd get with the $50/year, 250GB subscription. The biggest downside is how few features you receive with the one-time $50 fee. ![]() The Mac client is also Touch Bar-compatible for the folks with recent MacBook Pros. Today World Info is a leading news platform for entrepreneurs, investors and business people. ![]() Cloud Backblaze Thursday 100M IPO 650MNovetCNBC. Cloud storage company Backblaze has recently announced its plans to go public with an initial public offering (IPO) of 100 Cloud Storage Company Backblaze Goes Public with 100M IPO on Thursday and Friday. If upgrade, you can get 250GB or 1TB of storage with the company itself. His show also features How to Tuesday and Physical Friday segments, keeping listeners hooked throughout the week.
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