Pure Storage Now Valued at Over $3B; Raises $225M to Maintain Fastest Growth in Storage Industry History

Post by Scott Dietzen (thank you)

Readers of this blog know how well Pure Storage has been doing in our mission to replace performance (oxymoron) disk arrays with All-Flash Arrays (AFAs). And now we have yet another proof point: Pure Storage has just raised another $225M, our largest round to date, taking our total raised to $470M. The pre-money valuation established by our public market investors was over $3B. (We did tell you that the business grew nearly three fold with no slowing of growth since it was valued at over $1B last summer. ;-)) We are pleased to welcome Wellington Management as a new investor in this round, which included super pro-rata participation from our existing public market investors T.Rowe Price, Fidelity, and Tiger Global, and pro-rata or better from each of our venture capitalists—Sutter Hill, Greylock, Redpoint and Index Ventures.

Read on here

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2 Comments

  1. Peter E

     /  April 24, 2014

    The read on link does not work. Perhaps that signals the end of the article?

    Reply

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