Pure Storage

Pure Storage
Public
Traded as NYSE: PSTG
Industry Data storage
Founded 2009
Headquarters Mountain View, California
Key people
 CEO: Scott Dietzen
Co-founder: John Colgrove
Co-founder: John Hayes
CFO: Tim Riitters
Website www.purestorage.com

Pure Storage is a Mountain View, California-based enterprise data flash storage company founded in 2009.[1]

History

In October 2009, the company was founded as OS76 by John Colgrove and John Hayes. Mike Speiser of Sutter Hill Ventures was an early board member.[2] It raised a $5 million series A round led by Sutter Hill. In August 2010, it raised another $20 million, led by Greylock Partners with participation by Sutter Hill. Scott Dietzen, former president and CTO of Zimbra (acquired by VMware in January 2010), and former CTO of BEA Systems, became chief executive in October 2010.[3] In August 2011, the company announced an investment from the venture-capital arm of Samsung Electronics, which along with Redpoint Ventures contributed to a $30 million series C funding round.[4] Vice president of engineering Bob Wood joined at that time from Omneon (acquired by Harmonic, Inc.).[5]

In August 2012, Pure Storage raised $40 million in series D funding round led by Index Ventures partner Mike Volpi, along with existing investors.[6] An investment of undisclosed amount from In-Q-Tel (associated with the US Central Intelligence Agency) was announced in May 2013.[7] Another investment (round "E") of $150 million was announced in August 2013, including T. Rowe Price and Tiger Global Management.[8]

In October 2013, EMC Corporation filed lawsuits against several former sales employees who left to join Pure Storage.[9][10] A $225 million series F funding round closed in April 2014.[11] Tim Riitters, a former Google exec, joined as chief financial officer (CFO) in August 2014.

On October 6, 2015, Pure Storage priced their initial public offering at $17 per share, raising about $400 million.[12] It started trading on the New York Stock Exchange with the symbol PSTG.[13]

FlashArray

Pure Storage released a flash memory product called FlashArray on August 23, 2011.[1] Deployed in a data center, FlashArray is marketed to accelerate applications like server virtualization, desktop virtualization, database systems and cloud computing that required very high rates of random I/O operations per second.[14] InfiniBand technology connected controllers, and Fibre Channel connected to server computers.[15]

The second generation FlashArray, released on May 16, 2012, included new software and an enhanced data integrity fabric.[16] It was promoted with higher resiliency, encryption with zero key management, a new web user interface, command line interface, and support for VMware's vStorage interface.[17] In August 2012, the firm released new software features including iSCSI connectivity using 10 Gigabit Ethernet, snapshots, and integration with VMware vCenter.[18]

Pure Storage used multi-level cell flash memory which has higher capacity, for the same price, than single-level cell memory, at the cost of increased wear on and reduced life expectancy of the cells. Using software such as data compression known as data deduplication, the firm markets the FlashArray to compete with traditional rotating disk arrays.[19] The company estimated FlashArray required about 20% of the power and space required for traditional arrays.[20] The firm's flash memory is packaged in shelves of solid state memory devices (SSDs), from two known suppliers, sTec, Inc. and Samsung.[21]

Awards

In 2015, Pure Storage was awarded the best place to work by the San Francisco Business Times, in the large companies category.[22] Pure Storage was named as silver winner in the Wall Street Journal 2012 Technology Innovation Awards.[23] Pure Storage and Samsung won one of two awards for enterprise business applications at an August 2012 flash memory trade show.[24] Pure Storage was selected for the Red Herring Top 100 Americas Award in 2012.[25] Pure Storage was named one of 10 "hot emerging companies" by CRN Magazine in May 2012.[26] Pure Storage was among the top 25 best places to work in Silicon Valley, of companies with 51-101 employees by the San Francisco Business Times.[27] Pure Storage announced it was a silver winner of the Enterprise Product of the Year in Best in Biz Awards 2011.[28]

References

  1. 1 2 "Pure Storage Breaks Cost Barrier to Mainstream Flash Adoption With First All-Flash Enterprise Storage Array". Press Release. Pure Storage. August 23, 2011. Retrieved August 12, 2013.
  2. ↑ "Form D: Notice of Exempt Offering of Securities". US Securities and Exchange Commission. November 2, 2009. Retrieved September 26, 2016.
  3. ↑ Om Malik (October 4, 2010). "Zimbra Executive Heads To Hot Storage Startup". Giga Om. Retrieved September 26, 2016.
  4. ↑ Don Clark (August 23, 2011). "Start-Up Places Pure Bet On Flash Memory". Wall Street Journal Digits blog. Retrieved August 12, 2013.
  5. ↑ "Bob Wood to head engineering for Pure Storage". Press release summary. Silicon Valley/San Jose Business Journal. August 25, 2011. Retrieved August 12, 2013.
  6. ↑ "Pure Storage Receives $40M Cash Infusion to Accelerate Explosive Growth, Initiate European Expansion". Press Release. Pure Storage. August 15, 2012. Retrieved August 12, 2013.
  7. ↑ "Pure Storage Picks Up New Funds From IQT". Silicon Tap. May 29, 2013. Retrieved August 12, 2013.
  8. ↑ Peter Cohan (August 29, 2013). "Pure Storage Targets EMC, Streaks To IPO With $150 Million Capital Infusion". Forbes. Retrieved August 29, 2013.
  9. ↑ "Complaint: EMC Corporation v. Chadwick Johson" (PDF). Massachusetts: US District Court. October 18, 2013. Retrieved November 5, 2013.
  10. ↑ "EMC Corporation sues its former employees on 'infidelity' basis". Storage Servers blog. October 25, 2013. Retrieved November 5, 2013.
  11. ↑ "Pure Storage Raises $225M, Valued at Over $3B by Leading Public Market Investors". Press release. April 23, 2014. Retrieved September 26, 2016.
  12. ↑ Corrie Driebusch and Telis Demos (October 7, 2015). "Pure Storage Ends Below IPO Price in Market Debut". Wall Street Journal. Retrieved September 26, 2016.
  13. ↑ "Prospectus". October 6, 2015. Retrieved September 26, 2016.
  14. ↑ "Pure Storage to Present "Leveraging Flash Memory in Enterprise Storage" Tutorial at Spring 2011 Storage Networking World". Press Release. Pure Storage. April 4, 2011. Retrieved August 12, 2013.
  15. ↑ Chris Mellor (August 23, 2011). "New Samsung-funded Flash disruptor uncloaks: Storage applecarts tumble like leaves in a gale". The Register. Retrieved August 12, 2013.
  16. ↑ Deni Connor (May 16, 2012). "Pure Storage Rolls Out Next-Gen Storage Array". Information Week. Retrieved August 12, 2013.
  17. ↑ "Pure Storage Unveils Next Generation FlashArray With High Availability, FlashCare Technology and Data Integrity Fabric". Press Release. Pure Storage. May 16, 2012. Retrieved August 12, 2013.
  18. ↑ "Pure Storage Advances FlashArray With Ethernet Connectivity, Protection, and VMware Integration Features, Enabling More Customers to Join the Affordable Flash Revolution". Press Release. Pure Storage. August 23, 2012. Retrieved August 12, 2013.
  19. ↑ Joseph F. Kovar (May 17, 2012). "Pure Storage Releases All-Flash Array Priced More Like Disk Array". CRN Magazine. Retrieved August 12, 2013.
  20. ↑ Joseph F. Kovar (August 23, 2011). "Pure Storage Exits Stealth Mode With Flash-Only Array, $55 Million In Funding". CRN Magazine. Retrieved August 12, 2013.
  21. ↑ "STEC Collaborates with Pure Storage to Advance Development of the Industry's First All-Flash Enterprise Array". Press Release. Pure Storage. October 3, 2011. Retrieved August 12, 2013.
  22. ↑ Julia Cooper (April 16, 2015). "Best Places to Work Q&A: Pure Storage hires pure talent, stores up happy clients". San Francisco Business Times. Retrieved October 7, 2015.
  23. ↑ Michael Totty (October 16, 2012). "Silver Pure Storage: Alternative to Disk Storage". Wall Street Journal Online. Retrieved August 12, 2013.
  24. ↑ "Congratulations to the 2012 FMS Best of Show Awards Winners!". Flash Memory Summit. August 23, 2012. Archived from the original on September 15, 2012. Retrieved August 12, 2013.
  25. ↑ "Americas 2012 Top 100". Red Herring Magazine. May 22, 2012. Retrieved August 12, 2013.
  26. ↑ Jack McCarthy (May 22, 2012). "10 Hot Emerging Vendors for May 2012". CRN Magazine. Retrieved August 12, 2013.
  27. ↑ "Best Places to Work finalists revealed". Bay Area BizTalk blog. SF Business Times. March 13, 2012. Retrieved August 12, 2013.
  28. ↑ "Pure Storage Honored for Enterprise Product of the Year in Best in Biz Awards 2011". Press Release. Pure Storage. November 9, 2011. Retrieved August 12, 2013.
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