Company Announcements

High-performance, white label solution lets neoclouds offer cloud object storage in weeks; validated by company’s largest TCV commitment to date

SAN MATEO, Calif.--(BUSINESS WIRE)--Feb. 23, 2026-- Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced B2 Neo, a purpose-built offering for neocloud platforms. B2 Neo provides these platforms with enterprise-grade cloud object storage their customers require for data-heavy AI and machine learning workloads, allowing platforms to offer a full-stack experience without the massive capital costs or time and resource investment required to build a storage backend from scratch.

B2 Neo launches based on nearly 20 years of cloud storage expertise and over five exabytes of storage under management, with the ability to provide throughput speeds up to 1 terabit per second (1Tbps). Built in collaboration with leading neocloud platforms already running production workloads with Backblaze, B2 Neo gives neoclouds a storage layer they can integrate into their existing platforms and seamlessly offer to customers. These partnerships include the company's largest total contract value (TCV) and commitment to date and conversations with multiple emerging neoclouds—underscoring the strategic value neoclouds place on having a reliable, high-performance storage partner.

With B2 Neo, neocloud customers experience storage as a native service via branded endpoints and partner-controlled pricing. The offering allows neoclouds to provision accounts, manage permissions, and handle billing through existing platform tools without a separate console or manual setup.

The neocloud market is projected to grow from $35.22 billion in 2026 to $236.53 billion by 2031 at a 46.37% CAGR. As these platforms scale to meet explosive demand for AI compute, storage has become a critical bottleneck—one that diverts capital and engineering resources away from the GPU infrastructure that defines their competitive advantage.

Neocloud customers running AI training, inference pipelines, and media workflows need somewhere to store datasets, model checkpoints, and output artifacts. Without integrated object storage, they're forced to move massive datasets in and out of the cloud, creating latency and delays that stall GPU utilization and drive up costs.

“Neoclouds are under pressure to scale GPU capacity as fast as possible. Building and operating high-performance scalable object storage competes directly with that mission,” said Gleb Budman, Co-Founder and CEO of Backblaze. “B2 Neo lets them launch a storage offering in weeks, not years, so they can stay focused on what makes them different.”

One global edge services platform selected Backblaze after a rigorous technical and business evaluation, and now leverages B2 Neo as a core component of its AI, high performance compute (HPC), and media storage strategies.

“As our AI business scales, our customers increasingly demand cost-effective storage. Backblaze gave us the ability to deliver object storage as a first-class tier of our own platform, without taking focus away from our GPU roadmap,” said the company's Director of Product Management.

By powering their back-end object storage with B2 Neo, cloud providers can accelerate time-to-market, control infrastructure costs, and meet rising customer demand for efficient, high-performance data pipelines.

“With B2 Neo as a first-party service offering to neoclouds, I see the advantage for those organizations of being able to turn on cloud storage without the toil and expense of building it themselves. It is a near-instant value-add offering, helping their customers control costs and achieve the ROI of AI faster,” said Rob Strechay, Principal Analyst, Smuget & theCUBE research.

B2 Neo is available today for qualified neocloud platforms. Contact our Sales team to get started.

About Backblaze

Backblaze (NASDAQ: BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our high-performance cloud object storage accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. As an award-winning independent cloud, we provide unparalleled levels of interoperability that enable over 500,000 of our customers to reach and serve hundreds of millions of end users in 175 countries around the world. For more information, please go to www.backblaze.com.

Cautionary Note Regarding Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. These forward-looking statements relate to our future performance, expectations, strategy, plans or intentions, and include statements regarding TCV.

Our actual results could differ materially from those stated in or implied by the forward-looking statements in this press release due to a number of factors, including but not limited to achievement of development milestones and additional risks, uncertainties, assumptions, and other factors included under the caption “Risk Factors” and elsewhere in our Quarterly Reports on Form 10-Q and other filings and reports we make with the SEC from time to time. The forward-looking statements made in this release reflect our views as of the date of this press release. We undertake no obligation to update any forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223820546/en/

Press Contact:
Yev Pusin
Head of Communications
press@backblaze.com

Source: Backblaze, Inc.