Backblaze will provide HDD storage capacity to CoreWeave's managed AI storage, enabling cost-efficient data placement across performance tiers while preserving high-performance resources for AI workloads. BLZE rose 30.4% to $10.59 following the announcement. The partnership could boost BLZE's revenue visibility in AI infrastructure, though broader market headwinds and valuation remain.
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.