![]() ![]() This lowers the number of IO events by up to 80 per cent, before data is encrypted and sent up to the Backblaze vault. The software writes to and reads from a user’s storage drives in a different way. It also throttles the network bandwidth used, to avoid it hogging the link. Version 8 adds a performance increase by raising the maximum number of threads used from 30 to 100. Gleb Budman, CEO and Co-Founder, Backblaze, said: “This new release will make it easier than ever for consumers and businesses to take control of their data and prevent data loss.” Backblaze dances eightsome reelĬloud and backup storage provider Backblaze announced v8.0 of its Computer Backup software - adding speed, throttling, lower client IO loading and a new look.īackblaze Computer Backup software runs on a client Mac or Windows device and backs up user files to Backblaze cloud storage for $6/month with no limit on file numbers or file sizes. Plus, we have the usual collection of shorter news items and people moves - quite a large set of people moves, too. Windocks claims it has a data virtualisation tool coming that will be be better than anything Delphix offers. Let’s take a look.This week’s digest features new cloud backup software and a Chia note from Backblaze, Infinidat suggesting it’s an AIOps supplier, and Robin.io notching up another server deal for its 5G Kubernetes orchestration and system code. So, color us more than curious.īut before we sign off, we have new numbers from Backblaze that give us a nibble at its Q3 results. And when double-digit multiples applied to profit and not revenue. ![]() Its IPO is a harkening back to the time when it was somewhat difficult to convince private-market investors to value your company in the nine-figures, let alone 10. Which makes Backblaze nearly unique from our perspective. The examples roll from memory: Robinhood was worth dozens of billions when it went public Coinbase was as well when it direct listed NerdWallet is going to be a public unicorn merely on the strength of the written word and AllBirds? More like AllUnicorn. Indeed, even some of the smaller or less traditional companies that we’ve seen debut in recent quarters have had valuations north of $1 billion. Which is notable given the sheer heft of many tech companies we’ve seen go public lately. That means that Backblaze is going public as a non-unicorn. Quick extrapolation indicates that at the top end of its price range, Backblaze’s IPO could value the storage firm at $684.3 million. Notably the company’s fully diluted valuation is quite a bit higher, with Renaissance Capital reporting that at $16 per share, Backblaze’s valuation inclusive of shares that have been earned, if not yet exercised via options or similar, to be $644 million. And it has, namely an S-1/A filing indicating that the company expects to price its IPO between $15 and $17 per share.Īt its IPO price range and 28,545,893 shares expected to be outstanding after its IPO, Backblaze is worth $428.2 million to $485.3 million. Since it was smaller in revenue terms than most tech companies going public these days, we deferred on judging its worth until Backblaze itself provided some guidance. But when it came to pricing, we had little idea of how to value the company. With a central core of content to help power customer acquisition and a huge swath of customers, it was an interesting cloud storage play. When Backblaze first filed to go public, TechCrunch found it a compelling company. ![]()
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