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$30 Million Annual Recurring Revenue for Backblaze

With only $3.1 million in funding

Here is an abstract of an article written on December 18 by Yev, chief smiles officer at Backblaze, Inc.

 

Bootstrapping to $30 Million ARR

Backblaze will be celebrating its 12th year in business this coming April 20.

We’ve grown steadily over the years, and this year have reached $30 million ARR (annual recurring revenue).

We’ve accomplished this with only $3.1 million in funding, having successfully bootstrapped the company with founder contributions and cash flow since the very beginning.

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