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Backblaze revenue is $30 million

Backblaze team size is 164 employees


How did Latka collect this data?

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Latka collected this data by interviewing Backblaze CEO Gleb Budman on 04/15/2009

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Backblaze

500-Ben Franklin Court San Mateo, California, United States

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How Backblaze hit $30M Revenue with 500K customers in 2022.

Backblaze is a data storage provider.

Founded

2007

Founded

Revenue

$30M

2022 Revenue

YOY
-----

YOY

Funding

$5.3M

Funding


Backblaze Revenue

In 2022, Backblaze revenue run rate hit $30M in revenue.

  • 2018

    Backblaze hit $30M in revenue in 2018

  • 2007

    Backblaze launched in 2007 with $0 revenue

$30M

Backblaze Funding History

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

  • 2012

    Backblaze raised a of $5M

  • 2009

    Backblaze raised a of $300K

FUNDING DATEROUNDAMOUNTVALUATION
07/25/2012 $5M
04/15/2009 $300K

Team

Backblaze has 164 total employees and 15 sales reps that carry a quota. They have 500000 customers an engineering team of 30 and a marketing team of 14

20182019202063▲23▲
DISTRIBUTIONQTY
Total team size
164
Engineer
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.

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


Customers

Backblaze has 500K customers.

Lifetime Months

120

x

Monthly ARPU

$5

=

Lifetime Dollar

$600

Acquisition Cost

$60

Average Annual Price

$60

$0$6012 month payback period024681012
$0$6012 month payback period024681012

Churn

Backblaze has an annual churn rate of 10.00%.

-100-500%50100

Gross Annual Dollar Churn

-10.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

90.00%


About Backblaze

Monthly Revenue

$2.5M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Backblaze Board of Directors

NamePosition
Igor ShoifotBoard Observer

Backblaze Executives

NamePosition
Gleb Budman CEO
Frank Patchel Chief Financial Officer
Brian Wilson Chief Technology Officer
Gleb Budman Chief Executive OfficerCo-Founder

Backblaze Employees

NamePosition
Gleb Budman CEO
Ahin Thomas Vice President Marketing
Michael Farace Solutions Engineer
Tim Nufire Co-Founder
Quan Nguyen Recruiter
Skip Levens Director Product Marketing Media and Entertainment
Keval Desai Investor
Igor Shoifot Board Observer
Ben Olson Logistics Manager
Frank Patchel Chief Financial Officer
Patrick Thomas Head of Publishing
Amrit Singh Product Marketing Manager
Brian Wilson Chief Technology Officer
Gleb Budman Chief Executive OfficerCo-Founder

Frequently Asked Questions about Backblaze

When was Backblaze founded?

Backblaze was founded in 2007.

How much revenue does Backblaze generate?

Backblaze generates $30M in revenue.

Who is the CEO of Backblaze?

The CEO of Backblaze is Gleb Budman.

How much funding does Backblaze have?

Backblaze was raised $5.3M.

How many employees does Backblaze have?

Backblaze has raised 164 employees.

Where is Backblaze headquarters?

Backblaze headquater is at United States