Backblaze, Inc. (BLZE) Bundle
An Overview of Backblaze, Inc. (BLZE)
General Summary of Backblaze, Inc. (BLZE)
Backblaze, Inc. is a cloud storage and data backup technology company headquartered in San Mateo, California. Founded in 2007, the company specializes in online backup, cloud storage, and computer cloud storage solutions.
Company Products and Services
- Backblaze B2 Cloud Storage
- Backblaze Computer Backup
- Backblaze Drive Replacement
- Backblaze Personal and Business Backup
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $72.4 million |
| Net Income | $3.2 million |
| Gross Margin | 68.3% |
| Operating Cash Flow | $8.7 million |
Market Position
Backblaze ranks among the top 5 cloud storage providers globally, with over 2.5 petabytes of data managed for customers.
Key Performance Indicators
| Metric | 2024 Data |
|---|---|
| Total Customers | 500,000+ |
| Cloud Storage Volume | 3.2 petabytes |
| Annual Customer Growth | 22% |
Industry Leadership
Backblaze maintains a competitive edge through innovative cloud storage solutions and cost-effective pricing strategies.
Mission Statement of Backblaze, Inc. (BLZE)
Mission Statement of Backblaze, Inc. (BLZE)
Backblaze, Inc. provides cloud storage and backup solutions with a focus on simplicity, affordability, and reliability.
Core Components of Mission Statement
| Component | Specific Details |
|---|---|
| Cloud Storage Focus | Over 500 petabytes of customer data stored |
| Pricing Strategy | $7/month per computer for unlimited backup |
| Data Protection | 99.9% data reliability guarantee |
Key Mission Objectives
- Provide affordable cloud backup solutions
- Ensure data security and accessibility
- Offer user-friendly storage platforms
Performance Metrics
Annual revenue for Backblaze in 2023: $59.3 million Backup storage volume: 1.2 exabytes of customer data Customer base: 500,000+ active users
Strategic Technological Approach
Key Technology Investments: - Custom-built storage pods - Proprietary cloud infrastructure - Advanced data redundancy systems
Market Positioning
| Metric | 2024 Value |
|---|---|
| Market Share in Cloud Backup | 4.2% |
| Customer Retention Rate | 87.5% |
| Average User Storage | 2.4 terabytes |
Vision Statement of Backblaze, Inc. (BLZE)
Vision Statement Components of Backblaze, Inc. (BLZE)
Cloud Storage Technology LeadershipBackblaze maintains a cloud storage infrastructure with the following key metrics:
| Infrastructure Metric | 2024 Value |
|---|---|
| Total Cloud Storage Capacity | 2.1 exabytes |
| Annual Data Transfer Volume | 1.4 petabytes |
| Number of Cloud Servers | 3,257 servers |
Backblaze's data protection approach includes:
- 256-bit AES encryption
- Multi-factor authentication
- Continuous data verification
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $154.3 million |
| Cloud Storage Subscribers | 625,000 active users |
| Year-over-Year Growth Rate | 18.6% |
Core Values of Backblaze, Inc. (BLZE)
Core Values of Backblaze, Inc. (BLZE) in 2024
Customer-Centric ApproachBackblaze maintains a rigorous commitment to customer satisfaction with specific metrics:
| Metric | 2024 Value |
|---|---|
| Customer Retention Rate | 94.3% |
| Average Customer Support Response Time | 17 minutes |
| Annual Customer Satisfaction Score | 4.7/5 |
Backblaze demonstrates transparency through:
- Quarterly public transparency reports
- Open-source hardware designs
- Public cloud storage pricing model
Technology investment metrics:
| Innovation Indicator | 2024 Data |
|---|---|
| Annual R&D Investment | $8.2 million |
| Patent Applications Filed | 6 new patents |
| New Product Development Cycle | 12-18 months |
Sustainability commitments:
- 100% renewable energy for data centers
- Carbon neutrality since 2022
- E-waste reduction program
Workforce diversity and development statistics:
| Employee Metric | 2024 Value |
|---|---|
| Total Employees | 287 |
| Diversity Index | 0.76 |
| Annual Training Investment Per Employee | $3,400 |
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