The company intends to use the funding, which which will be provided in two equal portions, one immediately and the second on the one year anniversary of the deal, to accelerate hiring for product development, global marketing, and partnerships.
In conjunction with the deal, Igor Shoifot, Strategic Adviser at TMT Investments, will join Backblaze’s board as an observer.
Founded in 2007 by Gleb Budman, CEO, the company provides unlimited cloud storage for backing up files, including connected external drives. The Backblaze service also includes the “Locate My Computer” feature that assists in locating a stolen or lost system.
Backblaze stores nearly 40,000,000 GB of data for its customers on its own purpose-built cloud storage system.
The online backup service is localized in 11 languages and backs up customers in over 100 countries.