Pure Storage

Valuation $11B

About Pure Storage

Pure Storage is an all-flash enterprise storage company that enables broad deployment of flash in data centers.
Headquarters Pure Storage, Santa Clara
Founded 2009-09-01
Industry Cloud Computing, Data Storage, Enterprise Software
Last Funding Type Secondary Market
Valuation 11
Total Funding $529.26 million dollars
IPO Status Public

Financial

Pure Storage reported strong financial performance, with significant growth in subscription services contributing to an earnings beat. The company also saw its stock surge to new highs following a better-than-expected Q4 earnings report. Additionally, Pure Storage's fiscal year 2024 earnings exceeded expectations, with EPS growth being a notable highlight. The company's stock target was raised due to growth drivers, and it was noted that Pure Storage's stock soared 108% over the past year. The company also announced its fiscal first quarter 2025 financial results, which continued to show positive trends.

Pure Storage reported strong Q1 fiscal 2025 results, with significant earnings and revenue surprises. The company's performance was driven by robust demand for its FlashBlade solutions, including FlashBlade//E, and its all-flash storage solutions continue to attract attention for their high-performance capabilities. Additionally, Pure Storage's collaboration with Nvidia to deliver validated AI infrastructure solutions highlights its focus on empowering enterprises with advanced data storage and compute capabilities.
Funding Rounds 8
Number of Lead Investors 5
Total Funding Amount  $529.26 million dollars
Number of Investors 14

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