About Stor Reduce
Stor Reduce is a Technology company based in Sunnyvale (United States) founded in 2014, and was acquired by Pure Storage in August 2018. Deduplication software for on-premises backups to cloud. Stor Reduce has raised $10 million across 1 funding round from investors including Pure Storage and Jelix Ventures. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Enterprise Storage, Direct Attached Storage and Arrays. Its competitors include Pure Storage, Western Digital and SolidFire; 2 of its 3 listed competitors have raised funding.
Company details
Storreduce offers deduplication software. The software provides a way to store primary backups from the on-premises backup software onto object storage. The company claims that data recovery is at LAN speeds and a single Storreduce cluster can replace 5 data domains 9500. The platform also provides an API so that the data can be reused. The platform supports AWS, Azure, CGP, IBM Cloud Object Storage, Hitachi, HGST and Swift Stack among others.
- Headquarters Sunnyvale, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website storreduce.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Pure Storage (Aug 2018)
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series A
Jun 2017
- InvestorsPure Storage
& 1 more
- Acquired byPure Storage
(Aug 2018)
Apps and channels of Stor Reduce
its YouTube channel Pure Storage has 653 subscribers and 30 videos.
Videos from Stor Reduce
The most watched videos on Stor Reduce's YouTube channel, Pure Storage (653 subscribers). Click a video to play it here.
More on Pure Storage.
Funding Insights of Stor Reduce
Stor Reduce has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in June 2017. 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 $10M
- Total Rounds 1
- Last Round Series A — $10M
- First Round $10M
(Jun 2017)
- Investors Count 1
All 1 funding rounds of Stor Reduce with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $10M | Series A | – | Jelix | – |
2 investors in total: 2 institutional.
Investors in Stor Reduce
Stor Reduce has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Pure Storage and Jelix Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are made by Jelix Ventures. | jelix.vc | Bondi Junction, Australia | ||
Provider of data storage platforms and subscription services | 2009 | purestorage.com | Mountain View, United States |
Investor details for Stor Reduce
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Timeline of Stor Reduce
3 dated milestones of Stor Reduce across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Stor Reduce is founded.
- Funding First funding round of $10.0M.
- Exit Acquired by Pure Storage.
Competitors of Stor Reduce
Stor Reduce has 3 listed competitors in our database, 2 of them funded. They include Pure Storage, Western Digital and SolidFire.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| purestorage.com | 2009 | Mountain View, United States | $528.51M | 422 | Provider of data storage platforms and subscription services | |
| westerndigital.com | 1970 | San Jose, United States | 6 | Enterprise storage solutions are delivered via AI-based platforms. | ||
| solidfire.com | 2010 | Boulder, United States | $210.04M | 374 | Cloud computing Infrastructure |
Detailed competitors of Stor Reduce
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Top companies in Enterprise Storage
3 companies that operate in the same segment as Stor Reduce (Enterprise Storage) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based integrated application development platform | 2011 | New York, New York, United States | USD 173.73 M | USD 901.43 M | 2,498 | |
Provider of data storage platforms and subscription services | 2009 | Mountain View, California, United States | USD 528.51 M | USD 3.17 B | 4,789 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 |
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Related news about Stor Reduce
Complete news archive for Stor Reduce
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Frequently Asked Questions about Stor Reduce
Stor Reduce was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Stor Reduce is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Stor Reduce is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Jun 2017.
Storreduce offers deduplication software. The software provides a way to store primary backups from the on-premises backup software onto object storage. The company claims that data recovery is at LAN speeds and a single Storreduce cluster can replace 5 data domains 9500. The platform also provides an API so that the data can be reused. The platform supports AWS, Azure, CGP, IBM Cloud Object Storage, Hitachi, HGST and Swift Stack among others.
Stor Reduce's top competitors include Pure Storage, Western Digital and SolidFire.
Stor Reduce has 2 investors. Key investors include Pure Storage, and Jelix Ventures.
Yes. Stor Reduce was acquired by Pure Storage in August 2018.