Backblaze and CoreWeave signed a five-year strategic agreement valued at $335 million. Backblaze will supply multi-exabyte storage capacity to support CoreWeave’s managed AI infrastructure.
The partnership integrates Backblaze’s HDD-based storage into CoreWeave’s AI Object Storage. This system optimizes data placement for intensive AI stages like model training and inference.
Backblaze issued CoreWeave stock purchase warrants for approximately 4.2 million shares. Backblaze’s stock price surged as investors reacted to the company's expanded role in the AI ecosystem.