Backblaze, Inc. has announced a $175 million Convertible Senior Notes offering, aimed at enhancing its capital structure and supporting growth initiatives. This upsized offering reflects strong investor interest.
PUBLIC · BLZEAug 20, 2026•about 4 hours ago
Amount Raised
$175 Million
Round Type
Convertible Note
San MateoCloud InfrastructureCloud Computing
Description
Backblaze, Inc. has priced $175 million of Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers. The offering size was increased from the previously announced amount. This financing will help the company support its operations and growth strategy
Company Information
Company
Backblaze
Location
San Mateo, California, United States
About
Backblaze, Inc. is the leading specialized storage cloud, providing developers, businesses, and consumers with cloud services to store and use their data in an easy and affordable manner. The company's mission is to make storing and using data astonishingly easy.
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San MateoCloud InfrastructureCloud Computing