Rivian raised $2.5 billion in a pre-IPO round in July. Those companies all routinely tapped venture investors for hefty amounts of capital on their way to the public exchanges. Coinbase is valued above $70 billion, Roblox is over $50 billion and Affirm topped $40 billion. At least 21 tech companies to debut in 2021 are worth over $10 billion. exchanges this year and, by the standards of its peers, Backblaze is a micro-cap. Over 100 technology companies have listed on U.S. Backblaze shares climbed 24% in their debut on Thursday and another 12% on Friday, lifting the price to $22.31 and giving the company a market cap of around $650 million. In the year that ended June 30, Backblaze's revenue totaled $59.9 million, with second quarter sales up about 17% to $16.2 million, according to the company's prospectus.īackblaze raised just $100 million in its offering, less than one-twentieth the amount raised this year by companies including GlobalFoundries, Robinhood and Bumble. CTERA delivers a cloud-native global file system over public or private object storage, with a rich data services ecosystem that enables enterprises to gain full control of their data environment for optimal edge performance, granular security, data insight, and governance.In an era of blockbuster market debuts preceded by astronomical private financing rounds, Backblaze is a throwback to a time when sub-billion-dollar companies routinely went public to raise capital and build their profile in an effort to win the trust of customers. For more information, please go to About CTERAĬTERA is the distributed cloud file storage leader, powering more than 50,000 sites and millions of corporate users. Founded in 2007, the company is based in San Mateo, CA. With over two billion gigabytes of data storage under management, the company currently works with close to 500,000 customers in over 175 countries. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. PST to describe the solution and take questions.īackblaze makes it astonishingly easy to store, use, and protect data. ![]() You'll never have to-or want to-upgrade your NAS again."ĬTERA details the solution in a blog post the company published today, and the companies will host a joint webinar on Apat 11 a.m. The setup is incredibly easy and the immediate budget and staffing relief will give you resources to tackle new opportunities. "If you're tired of buying new equipment every three years replacing hard drives paying for maintenance, or power, or space in a data center and all of the headaches of managing remote user access," Nilay Patel, VP of Sales at Backblaze noted, "then the CTERA and Backblaze partnership is perfect for you. Optimize their budget with pay-as-you-go cloud storage pricing at a quarter of the price of equivalent offerings.Back up data distributed globally in one centralized store, while maintaining instant (via CTERA’s Edge Filers) and reliable access (via Backblaze’s 99.9% uptime SLA).Establish resilient disaster recovery and business continuity plans.Empower remote workforces and multi-site collaboration.Retire legacy file servers and NAS devices altogether.Expand the capacity of existing on-premises infrastructure.The partnership combines CTERA’s Enterprise File Services Platform for distributed cloud file services on top of Backblaze B2’s object storage to deliver a cloud-based global file system, allowing IT admins to: The Backblaze-CTERA partnership establishes a compelling, new, cost-effective storage option for companies that wish to tier their data to the cloud for redundancy and collaboration.” “CTERA is committed to providing the widest choice of cloud to our customers. ![]() “We’re seeing a massive shift from traditional NAS to cloud NAS and from edge to core access as organizations evolve and expand,” Oded Nagel, Chief Strategy Officer of CTERA, observed. The Backblaze and CTERA partnership provides a modern, all-in-one, cloud file storage solution that extends and expands the capabilities of traditional NAS and file servers in the cloud-freeing IT teams to do more with the resources typically reserved for troubleshooting or replacing on-premises hardware. ![]() (Nasdaq: BLZE), a leading independent storage cloud platform, and CTERA, a leader in distributed cloud file storage for enterprises, announce a partnership to make life easier for IT admins challenged by on-premises file server and NAS management in an age of rapidly expanding remote workforces and global collaboration. SAN MATEO, Calif., Ma(GLOBE NEWSWIRE) - Backblaze, Inc.
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