Backblaze signs $355 million multi-exabyte storage services agreement with CoreWeave, one of the largest GPU cloud providers.

Backblaze, the cloud storage company, has signed a $355 million multi-exabyte storage services agreement with CoreWeave, positioning the GPU cloud provider to support large-scale data infrastructure needs. The multi-year contract represents a significant infrastructure commitment as AI workloads increasingly demand both compute and persistent storage capacity at scale.

CoreWeave, one of the largest GPU cloud providers, will provide the storage foundation for Backblaze's services through this arrangement. The deal underscores the tightening integration between GPU compute and storage infrastructure as enterprises scale AI applications that require both resources in proximity.

For the broader AI buildout, the agreement signals growing demand for integrated GPU and storage solutions, with contract values in this range indicating the infrastructure market's willingness to commit capital to support the next phase of AI application deployment and data processing at scale.