Backblaze, Inc. (NASDAQ: BLZE)

Backblaze, Inc. provides a high performance cloud storage platform designed for data intensive workloads in the artificial intelligence era and across modern cloud environments.

The company’s purpose built web scale software infrastructure runs on commodity hardware and delivers object storage at exabyte scale through its Backblaze Storage Cloud.

Customers use the platform to store, use and protect data for AI workflows, cyber resilience, media processing and a variety of other IT needs.

Backblaze, Inc. generates revenue primarily from two subscription based services offered on the Backblaze Storage Cloud platform.

B2 Cloud Storage provides pay as you go object storage with optional committed contracts and a premium high throughput tier called B2 Overdrive serving developers, enterprises and partners who need scalable storage for AI, multi cloud, backup and application workloads.

Computer Backup delivers a flat rate SaaS solution that continuously backs up laptops, desktops and external drives for consumers and businesses.

Revenue is substantially recurring driven by a land and expand model where increased data usage and adoption of new features expand sales from existing customers.

Backblaze, Inc. competes in the public cloud infrastructure as a service storage market by emphasizing cost efficiency, performance and ease of use relative to larger hyperscale providers such as Amazon Web Services, Google Cloud and Microsoft Azure.

Its proprietary software architecture and commodity hardware approach enable lower operating costs that are passed to customers through simple, transparent pricing.

The company differentiates further through an open cloud ecosystem, broad third party integrations, multi region geographic options and a growing network of managed service providers, channel partners and technology allies that extend its reach into enterprise and mid market segments.

Backblaze, Inc. serves a diversified customer base that includes individual consumers, developers, managed service providers, small and medium sized businesses and large enterprises across industries such as media and entertainment, artificial intelligence innovators, creative agencies, academic institutions, government agencies, research institutes and gaming companies.

As of December 31, 2025 the company reported over 500,000 customers in more than 175 countries with approximately 400,000 using the Computer Backup service, 120,000 using B2 Cloud Storage and about 20,000 subscribing to both services.

No single customer accounted for more than 10% of total revenue in 2025 or 2024.