Added to YB: 2026-09-17
Pitch date: 2026-09-14
BLZE [neutral]
Backblaze, Inc.
Author Info
Gus Wisanggeni is a financial analyst breaking down the AI buildout and tracing where the money actually flows. Sign up for the newsletter.
Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$794.8M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
43.17
P/E
-36.97
EV/Sales
5.29
Sector
IT Services
Category
growth
Will HDD Become The Next AI Bottleneck? - Backblaze, Inc.
BLZE (monitor): Backblaze’s AI-storage opportunity is gaining substance: its CoreWeave agreement is worth $335M over more than five years, adding roughly $313M to remaining performance obligations, while Q2 B2 revenue rose 34% to $26.6M and three of four new $500K-plus ARR deals were AI-related. The key test is converting commitments into profitable revenue and cash flow while winning customers against hyperscalers, Cloudflare R2 and Wasabi.
Read full article (6 min)