About Stor Reduce
Stor Reduce is a company based in Sunnyvale (United States) founded in 2014 was acquired by Pure Storage in August 2018. Stor Reduce has raised $10 million across 1 funding round from investors including Pure Storage and Jelix Ventures. Stor Reduce operates in a competitive market with competitors including Pure Storage, Western Digital, SolidFire, VAST Data and GridIron Systems, among others.
- Headquarter Sunnyvale, United States
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 01, 2017
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Investors
Pure Storage
& 1 more
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Employee Count
Not available
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Acquired by
Pure Storage
(Aug 21, 2018)
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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.
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 |
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Early-stage venture capital investments are made by Jelix Ventures.
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Provider of data storage platforms and subscription services
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Investor details for Stor Reduce
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Investments & Acquisitions by Stor Reduce
Investment portfolio details for Stor Reduce
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Financial Statements - Stor Reduce
Detailed financials for Stor Reduce
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Stor Reduce Comparisons
Peer comparison for Stor Reduce
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Competitors of Stor Reduce
Stor Reduce 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 Pure Storage, Western Digital, SolidFire, VAST Data and GridIron Systems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of data storage platforms and subscription services
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Enterprise storage solutions are delivered via AI-based platforms.
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Cloud computing Infrastructure
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Data storage platforms for AI and deep learning are provided.
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Hardware and software solutions for data center acceleration are provided.
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Cloud-based database performance optimization platform provider
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Detailed competitors of Stor Reduce
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Latest news on 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.
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 VAST Data.
Stor Reduce has 2 investors. Key investors include Pure Storage, and Jelix Ventures.