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The $335M, multi-exabyte deal directly expands Backblaze’s enterprise storage footprint and validates demand for AI-ready storage solutions, which could translate into higher revenue visibility and potential multiple expansion if the collaboration scales with CoreWeave and other AI customers.
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Backblaze and CoreWeave unveiled a $335 million, multi-exabyte storage agreement that positions Backblaze as a key HDD storage provider for CoreWeave’s AI Object Storage. The deal targets optimized data placement across performance tiers and grants access to new service tiers without code changes, highlighting strong AI storage demand and potential for Backblaze’s revenue growth.
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