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