Pure Storage, an all-flash enterprise storage company,
announced that it raised an additional $30 million in Series C funding.
Samsung Venture Investment Corporation, which joined as part
of a broader strategic partnership with the company, closed the oversubscribed
round led by Redpoint Ventures, Greylock Partners, Sutter Hill Ventures and
angel investors.
Pure Storage has received a total of $55 million in capital
investments to date. The company plans to use the new funds to accelerate
engineering, operations and go-to-market activities.
Concurrently, the company emerged from stealth to unveil its
flagship product, the Pure Storage FlashArray FA-300 Series, the first
all-flash enterprise storage array.
When compared to traditional disk storage, the Pure Storage
FlashArray is more than 10x faster and is 10x more space and power efficient,
at a lower per gigabyte price than disk-centric arrays, including performance
disk, flash retrofits and flash/disk hybrids.
“There is a transformation underway in the data storage
market, and Pure Storage’s approach to enabling flash for mainstream data
storage is helping to point the way. Our companies share a common vision: to ‘green’ the data center through solid state technology that will be radically
faster, yet consume a fraction of the power and space required today,”
said Jim Elliott, vice president, memory marketing and product planning for
Samsung Semiconductor.
In the typical data center, performance demands are
overwhelming the capabilities of traditional disk storage. Founded in 2009,
Pure Storage
has developed a unique approach to making flash memory far easier to adopt in
the enterprise.
In addition to driving down cost, the Pure Storage
FlashArray is plug-compatible with existing virtualization, database and
cloud-oriented infrastructures, and it delivers the mission-critical
reliability of a true enterprise array.
“As we boldly enter the marketplace, we are
well-positioned to have a profoundly transformative impact on the evolution of
the data storage industry,” said Scott Dietzen, CEO of Pure Storage.
Recently, Pure Storage announced
it appointed industry veteran Todd Engle as vice president of operations. In
this role, Engle will help shape global operations, the supply chain and
strategic vendor relationships for the company.
By Telecomlead.com Team
editor@telecomlead.com
