Backblaze Sees AI Boom Fueling Cloud Storage Demand and Neocloud Deals

Backblaze NASDAQ: BLZE Chief Executive Gleb Budman said the cloud storage company is seeing a material shift in demand tied to artificial intelligence workloads, as customers seek alternatives to hyperscaler platforms and newer AI-focused cloud providers look to add storage capabilities.

MarketBeat • Jun 6, 2026

Backblaze: Operating Leverage And Revenue Explosion Incoming

Backblaze is transitioning from legacy backup to a high-growth, AI-driven Infrastructure-as-a-Service provider, targeting the neocloud data-lake layer. BLZE's B2 Cloud Storage ARR grew 28% YoY, now comprising 58% of revenue, with AI customers up 76% and driving accelerating growth. Valuation is compelling at 3.4x ARR, with operating leverage boosting margins (adjusted EBITDA margin raised to 23–25%) and no anticipated equity raises.

Seeking Alpha • Jun 5, 2026

Backblaze, Inc. (BLZE) Presents at Bank of America 2026 Global Technology Conference Transcript

Backblaze, Inc. (BLZE) Presents at Bank of America 2026 Global Technology Conference Transcript

Seeking Alpha • Jun 4, 2026

Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE) today announced that on May 28, 2026, it granted an equity inducement award to Anuj Kumar, the Company's Chief Revenue Officer, as a material inducement to Mr. Kumar's employment with the Company. Mr. Kumar brings over two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies, notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as the.

Business Wire • Jun 3, 2026

Are You Looking for a Top Momentum Pick? Why Backblaze, Inc. (BLZE) is a Great Choice

Does Backblaze, Inc. (BLZE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research • May 29, 2026

Backblaze to Participate in a Fireside Chat at the BofA Securities 2026 Global Technology Conference

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: BofA Securities 2026 Global Technology Conference, San Francisco, CA. Gleb Budman, CEO and Co-Founder of Backblaze, will participate in a fireside chat on Wednesday, June 3, 2026, at 2:00 p.m. PT. The fireside chat will be webcast live. Links to the live and archived webcast will be available on Backblaze'.

Business Wire • May 27, 2026

Backblaze to Participate in William Blair's 46th Annual Growth Stock Conference

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: William Blair's 46th Annual Growth Stock Conference, Chicago, IL. Marc Suidan, CFO of Backblaze, will participate in one-on-one meetings on Tuesday, June 2, 2026. Backblaze (NASDAQ: BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our.

Business Wire • May 26, 2026

Backblaze, Inc. (BLZE) is a Great Momentum Stock: Should You Buy?

Does Backblaze, Inc. (BLZE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research • May 13, 2026

Backblaze Says AI Demand Is Driving Faster Growth in B2 Cloud Storage

Backblaze NASDAQ: BLZE is seeing stronger demand for its B2 cloud storage business as artificial intelligence-related workloads increase the need for high-performance data storage, CFO Marc Suidan said during a fireside chat at the Needham Technology, Media & Consumer Conference.

MarketBeat • May 12, 2026

Can Backblaze (BLZE) Run Higher on Rising Earnings Estimates?

Backblaze, Inc. (BLZE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research • May 11, 2026