![]() First 10GB cost nothing, then $0.005/GB/month. B2 Cloud Storage: It provides customers direct access to storage cloud to store, use, and protect data.The firm’s opportunity in the mid-market alone for Public Cloud IaaS is expected to grow to $54.6 billion by 2025, representing a CAGR of 27%, and for DPaaS to $11.0 billion by 2025, representing a CAGR of 19%. Additionally, the WW market for DPaaS was $7.7 billion in 2020 and expected to reach $18.4 billion by 2025. According to IDC, the WW market for Public Cloud IaaS Storage was $27.6 billion in 2020 and is expected to grow to $91.0 billion by 2025. It serves both the Public Cloud IaaS storage and the Data-Protection-as-a-Service (DPaaS) markets. The firm raised $5 million in 2012, stakeholders including TMT Investments, Charles Jones and Kwok Hang Ng. ![]() HQ is in San Mateo, CA with two other leased data center facilities in Arizona and Amsterdam, the Netherlands. The start-up was incorporated in Delaware in April 2007, founded by 5 people including CEO Gleb Budman, 47 (total compensation of $410,105 as of December 31, 2020), CTO Brian Wilson, 54 ($410,105), and chief cloud officer Tim Nufire, 57. It climbed 24% in their debut on Nasdaq on last Thursday and another 12% on last Friday, lifting the price to $22.31 and giving the company a market cap of around $650 million for the public company now listed on under BLZE ticket. – that never reveals figures on its business – in a SEC filing (188 pages).īackblaze CEO Gleb Budman, center, celebrated first day of trading on NasdaqĦ,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. An IPO always obliges a company to reveal its financial results.
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