Backblaze (BLZE)
AI Data-Lake Re-Rating
Photo: ChrisDag · CC BY 2.0 · source
Report summary
- Rating
- Summit members
- Latest catalyst
- Q2 2026 print3 Aug 2026
- Catalyst verdict
- Summit members
- Sector
- Technology
- Narrative phase
- Phase 4
- Updated
- 4 Aug 2026
Backblaze (BLZE) is a neglected post-IPO cloud-storage turnaround that is being repriced as an AI data-lake infrastructure business. The company, led by co-founder and CEO Gleb Budman, runs two segments: B2 Cloud Storage, a consumption-based infrastructure-as-a-service growth engine, and the declining legacy Computer Backup product, both built on a nineteen-year-old, internally developed web-scale file system running on commodity hard drives.
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