worth more than $ 1 billion with strong sequential quarterly growth, pure storage has closed $ 150 million in series E funding led by T. Rowe Price, Tiger Global Management and other public market investors.
This new funding brings total capital increase of the company at $ 245 million and brings the all-flash storage pioneer on track for a future public savings offer (IPO). Pure Storage will use the new funding to accelerate the continued expansion of its European operations based in Asia and the growth of its sales, support and marketing teams worldwide, and increase investment in research and development.
Pure Storage FlashArray
When compared to traditional disk arrays-centric, pure Storage all-flash enterprise networks are supposed to be 10 times more 10 Quick and timers more space and energy efficient at a price that is less than performance disk per gigabyte stored. The Pure Storage FlashArray would be ideal for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing.
Data Domain
Pure Storage also announced today that former Data Domain CEO Frank Slootman joined its board of directors . A revered veteran of storage and enterprise data software industries, Slootman was one of the first corporate supporters and angel investors, which also include the co-founders of VMware CEO Diane Green and former former CTO Mendel Rosenblum. Slootman led Data Domain from entering the market through IPO and currently serves as CEO of ServiceNow. Slootman will now play a more practical role with pure storage as a key strategic advisor.
"Pure Storage is experiencing a lot of what we did at Data Domain," said Frank Slootman . "They are replacing a storage medium (disk) with another (flash). they pioneered the use of online data reduction to remove the cost barrier for the upgrade media, and, after being the first to get that right they are growing nearly as fast as companies can grow organically. I am happy to be able to offer my perspective in the conduct and management of growth to the next level of the Board and the management team at its purest. "
Since the release of its flagship product FlashArray general availability (GA) in 2012, pure storage has reached more than 50 percent quarterly growth row , making it one of the storage companies increasingly faster the industry's history.
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