Backblaze, Inc., a leading provider of modern cloud storage solutions, has unveiled plans for a follow-on public offering, aiming to raise $30 million by issuing shares of its Class A common stock. The announcement comes with an additional option for underwriters to acquire up to $4.5 million in shares within 30 days. Despite the company’s […]
In a sweeping change aimed at reshaping its operational focus, Dropbox has announced that it will lay off 20% of its workforce, impacting 528 employees worldwide. This significant decision, disclosed by Dropbox CEO Drew Houston, reflects the company’s pivot toward artificial intelligence (AI) as it seeks to optimize its cloud storage offerings and explore new […]
In a significant move poised to transform the landscape of media storage, Wasabi Technologies, a leader in hot cloud storage solutions, has announced its strategic acquisition of Curio AI from GrayMeta, Inc. While the terms of the deal remain undisclosed, the acquisition heralds a new era in AI-powered intelligent storage, specifically tailored for the Media […]
In a significant advancement in the cloud storage domain, NetApp (NASDAQ: NTAP), a leading cloud-led, data-centric software company, today announced the renewal of its collaboration with Microsoft. This partnership is aimed at delivering state-of-the-art solutions for cloud storage with Azure NetApp Files (ANF), NetApp BlueXP, and Cloud Volumes ONTAP, now complemented by CloudOps solutions from […]