About Pure Storage
Pure Storage is a company based in Mountain View (United States) founded in 2009.. Pure Storage has raised $528.51 million across 10 funding rounds from investors including T. Rowe Price, Firsthand Technology Value Fund and Samsung Venture Investment. The company has 6,000 employees as of January 31, 2024. Pure Storage has completed 3 acquisitions, including Compuverde, Portworx and Stor Reduce. Pure Storage operates in a competitive market with competitors including Western Digital, VAST Data, SolidFire, Silk and ScaleFlux, among others.
- Headquarter Mountain View, United States
- Employees 6000 as on 31 Jan, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pure Storage, Inc.
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Annual Revenue
$3.17 B11.92as on Jan 31, 2024
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Net Profit
$106.74 M74.09as on Jan 31, 2024
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EBITDA
$231.76 M9.54as on Jan 31, 2024
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Total Equity Funding
$528.51 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
T. Rowe Price
& 9 more
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Employee Count
6000
as on Jan 31, 2024
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Investments & Acquisitions
Compuverde
& 2 more
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IPO & Listings of Pure Storage
Pure Storage is a publicly listed company on the NYSE with ticker symbol PSTG in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
230 people
Sales and Marketing
96 people
Leadership Team
90 people
Senior Team
52 people
Product Management Team
28 people
Finance and Accounting
23 people
Data Analysis and Operations Team
17 people
Operations Team
16 people
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Funding Insights of Pure Storage
Pure Storage has successfully raised a total of $528.51M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Last Round
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First Round
First Round
(04 Nov 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Series F - Pure Storage | Valuation |
investors |
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| Aug, 2014 | Amount | Series F - Pure Storage | Valuation |
investors |
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| Apr, 2014 | Amount | Series F - Pure Storage | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pure Storage
Pure Storage has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include T. Rowe Price, Firsthand Technology Value Fund and Samsung Venture Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic venture capital investments are made in technology companies.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pure Storage
Pure Storage has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Compuverde, Portworx and Stor Reduce. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of a tool for developers and IT Ops to run containerized applications
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2014 | ||||
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Deduplication software for on-premises backups to cloud
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2014 | ||||
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Hyper-converged software-defined storage solutions are provided for distributed nodes.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pure Storage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pure Storage Comparisons
Competitors of Pure Storage
Pure Storage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Western Digital, VAST Data, SolidFire, Silk and ScaleFlux, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise storage solutions are delivered via AI-based platforms.
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| domain | founded_year | HQ Location |
Data storage platforms for AI and deep learning are provided.
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| domain | founded_year | HQ Location |
Cloud computing Infrastructure
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| domain | founded_year | HQ Location |
Cloud-based database performance optimization platform provider
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| domain | founded_year | HQ Location |
Enterprise NAND flash-based storage solutions are provided for data centers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pure Storage
Frequently Asked Questions about Pure Storage
When was Pure Storage founded?
Pure Storage was founded in 2009.
Where is Pure Storage located?
Pure Storage is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Pure Storage a funded company?
Pure Storage is a funded company, having raised a total of $528.51M across 10 funding rounds to date. The company's 1st funding round was a Series F of $225M, raised on Nov 04, 2009.
How many employees does Pure Storage have?
As of Jan 31, 2024, the latest employee count at Pure Storage is 6,000.
What is the annual revenue of Pure Storage?
Annual revenue of Pure Storage is $3.17B as on Jan 31, 2024.
What does Pure Storage do?
Provider of data storage platforms and subscription services. It offers a unified platform for data services across various environments, including on-premises, public cloud, and hybrid cloud deployments. The company provides solutions for AI, high-performance computing, and general data storage needs. Its subscription model offers flexibility in how clients store and manage their data, ranging from traditional ownership to storage-as-a-service. The platform is designed to minimize downtime and simplify data management complexity.
Who are the top competitors of Pure Storage?
Pure Storage's top competitors include Western Digital, VAST Data and Silk.
Is Pure Storage publicly traded?
Yes, Pure Storage is publicly traded on NYSE under the ticker symbol PSTG.
How many acquisitions has Pure Storage made?
Pure Storage has made 3 acquisitions, including Compuverde, Portworx, and Stor Reduce.
Who are Pure Storage's investors?
Pure Storage has 10 investors. Key investors include T. Rowe Price, Firsthand Technology Value Fund, Samsung Venture Investment, Sutter Hill Ventures, and Greylock Partners.
What is Pure Storage's ticker symbol?
The ticker symbol of Pure Storage is PSTG on NYSE.
What is Pure Storage's valuation?
The valuation of Pure Storage is $3B as of Apr 2014.
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