#Blze backblaze registration#
#Blze backblaze software#
#Blze backblaze trial#

Backblaze’s Market & CompetitionĪccording to a 2020 market research report by MarketsAndMarkets, the global market for cloud storage services was an estimated $50.1 billion in 2020 and is forecast to reach $137 billion by 2025.

The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.

The firm’s dollar-based net revenue retention rate for 2020 was 114%, a solid result.

#Blze backblaze software#

The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.īLZE’s most recent calculation was 3% as of June 30, 2021, so the firm needs improvement in this regard, per the table below: The Sales and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales and Marketing spend, fell to 0.7x in the most recent reporting period, as shown in the table below: Sales and Marketing expenses as a percentage of total revenue have risen as revenues have increased, as the figures below indicate:

#Blze backblaze trial#

The firm seeks customers primarily through online marketing, social media and word of mouth.īLZE operates a self-serve website that enables users to sign up for a free trial and convert to a paid subscription.Īs of June 30, 2021, the firm had served more than 480,000 customers across over 175 countries. Management is headed by co-founder, Chairperson and CEO Gleb Budman, who has been with the firm since inception and was previously in various senior positions at SonicWall, MailFrontier and Kendara.īelow is a brief overview video of the firm's restore capabilities:īackblaze has received at least $2.8 million in equity investment from investors including TMT Investments, Charles Jones and Kwok Hang Ng. San Mateo, California-based Backblaze was founded to develop a cloud-based SaaS storage service suite for businesses and consumers wishing to easily backup and store their critical data. The firm provides a data storage platform for businesses and consumers worldwide.įor investors seeking access to a growing small cap cloud storage company aimed at the SMB market, the IPO is worth consideration.

#Blze backblaze registration#

Blue Planet Studio/iStock via Getty Images A Quick Take On Backblazeīackblaze ( NASDAQ: BLZE) has filed to raise $100 million in an IPO of its Class A common stock, according to an S-1/A registration statement.