Enterprise Storage Company Pure Storage Raises $150 Million

Posted Sep 2, 2013

Pure Storage is an enterprise flash storage company that has raised $150 million in a new round of funding.  Pure Storage competes against companies like NetApp and EMC.  Pure Storage is now selling their third-generation of all-flash array, according to VentureBeat.  This technology is believed to be 10 times faster and 10 times more space efficient than traditional disk arrays.

Matt Kixmoeller, the VP of product at Pure Storage, said that when EMC and NetApp attempted to offer flash storage, it drew more attention to their company.  It also gave Pure Storage “validation for the market.”

T. Rowe Price and Tiger Global Management led this round of funding.  Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures, and Sutter Hill Ventures also participated in this round.  Pure Storage has raised a total of $245 million now.

Pure Storage plans on using the funding to expand into Europe and Asia.  Data Domain CEO Frank Slootman has also joined their board of directors.