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Backblaze nasdaq 100m ipo 650mnovetcnbc
Backblaze nasdaq 100m ipo 650mnovetcnbc






backblaze nasdaq 100m ipo 650mnovetcnbc
  1. BACKBLAZE NASDAQ 100M IPO 650MNOVETCNBC UPGRADE
  2. BACKBLAZE NASDAQ 100M IPO 650MNOVETCNBC FULL

But with the advent of the Cloud, backup and recovery have become even more critical. The Future of Backup and Recoveryīackup and recovery have always been critical parts of data management. In addition, Cloud Backblaze intends to develop new technologies that make it easier for users to access and manage their data online.

backblaze nasdaq 100m ipo 650mnovetcnbc

The company is incredibly committed to expanding into new markets such as Europe and Asia Pacific. These services make it easy for users to access their data from anywhere in the world, no matter their device.Ĭloud Backblaze plans to continue expanding its services in 2019 and beyond. The company offers various services that enable customers to store their data online, including backup services, file-sharing capabilities, and real-time recovery options. Cloud Backblaze is also seeing increasing demand from large enterprises looking to store large volumes of data elsewhere than on their servers.Ĭloud Backblaze’s mission is to make it easy for people to store their data safely and reliably online. This rapid expansion was driven by solid customer demand for reliable and affordable cloud storage solutions. The company now has over 100 million GB of stored data, up from 50 million GB in 2017. In 2018, Cloud Backblaze saw rapid growth in its data storage business. In this Thursday blog post, CEO and co-founder Darrell Etherington shares some insights about the company’s growth in 2018 and how it plans to continue expanding its services. Last year, Cloud Backblaze saw rapid growth in its data storage business. The company has already begun offering this capability with its recently opened San Francisco Bay Area data center. It allows customers who need high-capacity storage near the users using it most to connect through Cloud Backblaze’s network rather than having to locate and purchase separate hardware in each region they want service from. In addition to increased storage capacity, Cloud Backblaze announced plans to offer its customers access to its entire global network of data centers. “Our goals are to make it easier for people to backup their data and store it where it is most likely to be used again.” “These expansions continue our strategy of adding more data storage capacity closer to where people are using it most,” said Rob Mullins, CEO of Cloud Backblaze.

BACKBLAZE NASDAQ 100M IPO 650MNOVETCNBC FULL

These expansions bring Cloud Backblaze’s full storage capacity to over 25 petabytes (25 million gigabytes). Additionally, Cloud Backblaze will open two new data centers in the San Francisco Bay Area, increasing its total storage capacity by 20.

BACKBLAZE NASDAQ 100M IPO 650MNOVETCNBC UPGRADE

It will upgrade the company’s existing data centers to increase their total storage capacity by 10, bringing the total to over 5 petabytes (5 million gigabytes). Cloud Backblaze Announces Expansion PlansĬloud Backblaze announced plans to expand its storage capacity and geographic reach today significantly.

backblaze nasdaq 100m ipo 650mnovetcnbc

The company currently offers a subscription service that allows users to back their data onto their servers. Backblaze said it plans to use the money to accelerate its growth by expanding its customer base and product offerings. The Seattle-based startup said the round was led by Fidelity Investments and included participation from existing investors like Andreessen Horowitz and Index Ventures. Cloud Backblaze Raises $100 Million in IpoĬloud Backblaze, a data storage company, announced Thursday that it had raised $100 million in an initial public offering (IPO). As more businesses shift their operations to the Cloud, organizations need strategies for storing their data securely and reliably. In 2017, public cloud storage accounted for more than 50% of all web server traffic, according to data from Akamai Technologies. This latest performance milestone comes when public cloud storage grows in popularity. Cloud Backblaze CEO Adrian Cockroft remarked on the significance of these developments: “The combination of high-performing hardware with our unique distributed architecture is delivering incredible performance and resilience.” The company is now using a mixture of SSDs and HDDs to store data, as well as expanding its use of replication and sharding to improve performance. Cloud Backblaze’s latest performance milestones come as the company ramps up its new data storage technologies investments.








Backblaze nasdaq 100m ipo 650mnovetcnbc