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
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series A - Stor Reduce | Valuation | Jelix |
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| 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 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. 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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Early-stage venture capital investments are made by Jelix Ventures.
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Founded Year | Domain | Location | |
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Provider of data storage platforms and subscription services
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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 Stor Reduce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - Stor Reduce
| 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 |
Stor Reduce Comparisons
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. 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 |
Provider of data storage platforms and subscription services
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| domain | founded_year | HQ Location |
Enterprise storage solutions are delivered via AI-based platforms.
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| domain | founded_year | HQ Location |
Cloud computing Infrastructure
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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 |
Hardware and software solutions for data center acceleration are provided.
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| domain | founded_year | HQ Location |
Cloud-based database performance optimization platform provider
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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 Stor Reduce
Frequently Asked Questions about Stor Reduce
When was Stor Reduce founded?
Stor Reduce was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Stor Reduce located?
Stor Reduce is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Stor Reduce a funded company?
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 01, 2017.
What does Stor Reduce do?
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.
Who are the top competitors of Stor Reduce?
Stor Reduce's top competitors include Pure Storage, Western Digital and VAST Data.
Who are Stor Reduce's investors?
Stor Reduce has 2 investors. Key investors include Pure Storage, and Jelix Ventures.
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