$30 Million Annual Recurring Revenue for Backblaze
With only $3.1 million in funding
This is a Press Release edited by StorageNewsletter.com on December 14, 2018 at 2:30 pmHere 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.