Backblaze logo
Founded 2007

Backblaze

2018 Revenue

$30.0M

YOY

Funding

$3.0M

Overview

About Backblaze

Backblaze is a data storage provider.

Monthly Revenue

$2.5M

Total Expenses

$2.5M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Backblaze CEO Gleb Budman on 12/01/2020

Watch the podcast


Headquarters

500 Ben Franklin Court San MateoCaliforniaUnited States

Backblaze Revenue vs Funding

$Funding$Revenue

Revenue

In 2018, Backblaze revenue run rate hit $30.0M in revenue.

$30.0M

Funding History

Backblaze has raised a total of $3.0M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation

Customers

Backblaze has 500K customers.

Lifetime Months

120

×
Monthly ARPU

$5.0

=
Lifetime Dollars

$600.0


Acquisition Cost

$60.0

Average Annual Price

$60.0

$0$60.012 month payback period024681012

Churn

Backblaze has an annual churn rate of 10.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-10.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

90.00%

Team

Employees

Backblaze has 164 employees. They have 15 sales reps that carry a quota, an engineering team of 30 and a marketing team of 14.

20182019202063.00%▲23.00%▲
DistributionQty

Total Team Size

164

Engineers

30 (18%)

Sales

15 (9%)

Marketing

14 (9%)

CEO/Founder

Gleb Budman

Gleb Budman is CEO and co-founder of Backblaze. Along with his team, Gleb bootstrapped Backblaze to millions in revenue and profitability. The company won the SIIA CODiE for Best Cloud Storage and secured a spot on Deloitte's Fast 500 fastest growing technology companies as a result of its 917% five-year revenue growth. Previously, Gleb led the product teams from pre-funding through acquisition at Kendara and MailFrontier, and founded three prior companies. He received his MBA from Berkeley's Haas School, has been a speaker at events including GigaOm Structure, Massive Storage Systems and Technology, and SNIA; profiled by Inc. and Forbes; and holds 5 patents on security.


CEO Q&A

What's your age?

44

Favorite online tool?

Google Sheets

Favorite book?

Five dsynfunctions of a team

Favorite CEO?

Tim Eeds, CEO Varmor

Advice for 20 year old self

Be more aware of friends and coworkers


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Backblaze Board of Directors

NamePosition
Igor ShoifotBoard Observer

Backblaze Executives

NamePosition
Gleb BudmanChief Executive Officer, Co-Founder
Frank PatchelChief Financial Officer
Brian WilsonChief Technology Officer

Backblaze Employees

NamePosition
Tim NufireCo-Founder
Skip LevensDirector Product Marketing Media and Entertainment
Patrick ThomasHead of Publishing
Keval DesaiInvestor
Ben OlsonLogistics Manager
Amrit SinghProduct Marketing Manager
Quan NguyenRecruiter
Michael FaraceSolutions Engineer
Ahin ThomasVice President Marketing

Frequently Asked Questions about Backblaze

When was Backblaze founded?

Backblaze was founded in 2007.


Who is the CEO of Backblaze?

The CEO of Backblaze is Gleb Budman


How many employees does Backblaze have?

Backblaze has 164 employees.

How much revenue does Backblaze generate?

Backblaze generates $30.0M in revenue.


How much funding does Backblaze have?

Backblaze has raised $3.0M.


Where is Backblaze headquarters?

Backblaze is headquartered at 500 Ben Franklin Court San MateoCaliforniaUnited States

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