Backblaze, a storage cloud platform, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Backblaze states that it is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data. It provides these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. The company has attracted over 480,000 customers, who use its Backblaze Storage Cloud platform across more than 175 countries on its approximately 2 exabytes, or 2 trillion megabytes, of data storage under management.
The San Mateo, CA-based company was founded in 2007 and booked $60 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol BLZE. Oppenheimer & Co., William Blair, Raymond James, JMP Securities, and B. Riley Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
