(This story corrects second paragraph to remove "early" before next year. Backblaze lets you backup an unlimited amount of data from a single computer with no restriction on individual file type or size. Most online backup services offer at least two plans, some offer dozens, but Backblazes strategy keeps the decision process really easy. 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. Backblaze offers just one online backup plan. 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. 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. Business Backup takes file backup and restoration a step. At its IPO price range and 28,545,893 shares expected to be outstanding. With it, all your files, as well as those of your employees and your whole data center, are backed up to Backblaze. And it has, namely an S-1/A filing indicating that the company expects to price its IPO between 15 and 17 per share. 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. Cloud backblaze thursday friday 650mnovetcnbc free Backups are automatic with free hard drive restoration via a mailed hard drive to your location anywhere in the world.
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