backblaze raises subscription personal backup

#BACKBLAZE RAISES SUBSCRIPTION PERSONAL BACKUP FOR FREE#
#BACKBLAZE RAISES SUBSCRIPTION PERSONAL BACKUP SERIAL#

The online backup service is localized in 11 languages and backs up customers in over 100 countries.Īdditional information can be found in the Backblaze Blog post.įounded by a team of serial entrepreneurs with security, scalability and usability backgrounds, located in the heart of Silicon Valley, Backblaze’s mission is to ensure that all computer data is backed up. The company backs up 100,000,000 files per day and in 2011 recovered 600,000,000 files for its customers. The Backblaze service also includes the “Locate My Computer” feature that assists in locating a stolen or lost system.įounded in 2007, Backblaze stores nearly 40,000,000 GB of data for its customers on its own purpose-‐built cloud storage system. Users also have the option of having their data sent on a USB flash drive or an external hard drive for an additional charge.

#BACKBLAZE RAISES SUBSCRIPTION PERSONAL BACKUP FOR FREE#

If data is lost via a hard drive crash, a stolen or lost system, or a file or folder being accidently deleted, that data can be safely and easily restored for free from a web browser. There is no need to select which files to back up as all data is continuously and automatically backed up, and Backblaze provides unlimited cloud storage for backing up files, including connected external drives. The hallmark of the Backblaze service is how easy it is to set-‐up and use. We look forward to a great partnership with Backblaze.” The company is a leading player in the sizable and fast-‐growing online data backup market, and we have been impressed by their team, the technology they have built, and the fact they have achieved profitability on a lean budget. “Backblaze has a proven high-‐quality service and an impressive growth rate,” stated Alexander Selegenev, Executive Director at TMT Investments, he continued, “TMT aims to invest in spectacular opportunities, and we believe Backblaze is one of those.

Igor Shoifot, Strategic Adviser at TMT Investments, will be added as an observer to the Backblaze board. At that time, TMT’s equity stake will be worth between 13.33% and 19.05% of the company depending on Backblaze’s performance. The TMT investment will be in two equal distributions, one immediately and the second on the one year anniversary of the transaction. “Today’s investment will help us reach the 90% of people who don’t regularly backup their PCs and Macs.”

Their team is comprised of successful entrepreneurs and operators and their experience in supporting high growth companies that are targeting a multinational marketplace will be invaluable,” said Gleb Budman CEO and co-founder of Backblaze. “TMT is an excellent partner for Backblaze. It funds companies operating in high growth areas that have a potential to become multinational businesses. TMT Investments was established in 2010 for the purpose of making investments in the Technology, Media and Telecommunications sector, with specific emphasis on internet based businesses. To date, Backblaze has been primarily self-‐funded with the TMT investment being the first venture funding taken by the company. Backblaze is already profitable and growing quickly and this funding will be used to accelerate hiring for product development, global marketing, and partnerships. San Mateo, California – July 25th, 2012 – Backblaze, a leading online backup provider, announced today they have inked a deal with TMT Investments Plc to obtain $5 million in equity funding.

Backblaze raises subscription personal backup