Pure Storage intros Cloud Data Services on AWS

Pure Storage announced a new set of Cloud Data Services running its software on AWS:

Cloud Block Store for AWS - designed to enable mission-critical applications to run seamlessly in the cloud, Cloud Block Store enables hybrid mobility and adds new storage services to webscale applications.

CloudSnap for AWS - cloud-based data protection, built right into Pure FlashArray. CloudSnap allows FlashArray snapshots to be easily sent to Amazon Simple Storage Service (Amazon S3), which enables cost-effective protection in the cloud along with flexible recovery both on-premises or in the cloud.

StorReduce - cloud-native deduplication technology, designed to enable fast, simple, cost-effective cloud backup to AWS S3 storage, in conjunction with on-premises flash for fast recovery. 

"Today, there exists a cloud divide - the cloud is not purpose-built for enterprise applications, and enterprise infrastructure isn't as user-friendly as the cloud," said Charles Giancarlo, Chairman and CEO, Pure Storage. "Customers should be able to make infrastructure choices based on what's best for their environment, not constrained by what the technology can do or where it lives. Today's announcement extends Pure's data centric architecture to the cloud, allowing our customers to build hybrid applications that provide true mobility and freedom."

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Pure Storage posts Q3 revenue of $372.8 million, up 34% yoy

Pure Storage reported revenue of $372.8 million for its third quarter ended October 31, 2018, up 34% yoy, and exceeding the high end of the company's guidance.

Gross margin was a record 66.8% (GAAP) and 68.1% (non-GAAP).

"Pure delivered another excellent quarter, and today we're announcing the extension of Pure's data centric architecture to the cloud," said Charles Giancarlo, Chairman and CEO, Pure Storage. "With the launch of our new Pure Storage Cloud Data Services, we're bringing our storage software directly to the public cloud in partnership with AWS."

"Q3 was a strong quarter for Pure with revenue and margins exceeding our expectations," said Tim Riitters, CFO, Pure Storage. "As we finish the fiscal year we are excited about the opportunities ahead, and have raised FY19 guidance to reflect the momentum we are seeing in our business."

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Pure Storage acquires StorReduce for cloud-optimized deduplication

Pure Storage has acquired StorReduce, a start-up based in Sunnyvale, California that offers a cloud-first software-defined storage solution for managing large scale unstructured data. StorReduce's cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection.

Pure Storage said the acquisition adds sophisticated deduplication technology to its object storage portfolio, enabling it to expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments.

"The StorReduce team has built an incredibly exciting technology that has the opportunity to make a major impact on next-generation storage architectures," said Charles Giancarlo, Pure Storage CEO. "Together, we will help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud."

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Pure Storage revenues rip ahead to $308.9 million, up 37% yoy

Pure Storage reported revenue of $308.9 million for its second quarter ended July 31, 2018, up 37% Y/Y, exceeding the high end of its previously issued guidance. Gross margin was 66.7% GAAP; 68.0% non-GAAP,

"Pure has delivered another exceptional quarter, with all measures exceeding our Q2 guidance ranges," said Charles Giancarlo, CEO, Pure Storage. "Our continued focus on enabling customers to succeed in a data-centric world is working and validated, maintaining Pure's lead in the data storage market."

The company added nearly 400 new customers in the quarter, increasing the total to more than 5,150 organizations. New customer wins in the quarter include: Dustin Sverige, Honda Federal Credit Union, Fresenius Medical Care, Lufthansa Aero Alzey Gmbh, New York Genome Center, Syntax, TaxSlayer, The University of Texas MD Anderson Cancer Center, and Zeiss Vision Care France.

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Pure Storage hits quarterly revenue of $255.9 million, up 40% yoy

Pure Storage posted revenue of $255.9 million for its quarter ended April 30, 2018., up 40% yoy, exceeding the high end of previously issued guidance. The was a GAAP operating loss of $61.9 million, compared to a loss of $58.2 million in the same period a year ago.

"Pure has delivered another strong quarter as we lead the industry in delivering new data-centric architectures that enable enterprises to succeed both today and tomorrow," said Pure Storage CEO Charles Giancarlo. "The combination of our innovative business model, first-to-market technology innovations, and focus on customer success drove continued momentum in Q1."

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Pure Storage names Charlie Giancarlo as new CEO

Pure Storage annnounced the appointment of Charlie Giancarlo, replacing Scott Dietzen, who will take on the role of Chairman of the Board.

Giancarlo is known for his leadership roles at Cisco, where he previously served as Chief Technology Officer and Chief Development Officer. Since leaving Cisco, he has shared his management experience across Silver Lake Partners’ portfolio, including as Avaya’s Interim CEO, as well as on the boards of Arista, Accenture and ServiceNow.

https://blog.purestorage.com/august-24th-announcement-1/

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Pure Storage Scales All-Flash to Multi-Petabytes at <$1/GB

Pure Storage introduced an all-flash storage platform designed to scale to multi-petabyte data sets at economics of less than $1/GB usable.

The company said its new FlashBlade architecture makes all-flash storage affordable for even the largest file and object environments, opening up the performance gains of flash to a wide range of applications.

Pure's new FlashBlade architecture combines commodity hardware components with custom software and ultra-dense packaging. FlashBlade starts at <100 1.6pbs="" 4u="" a="" and="" be="" build="" can="" capacity="" chassis="" effective="" grow="" in="" interconnected="" larger="" multiple="" of="" p="" store="" systems.="" tbs="" to="" up="">
The system three core elements:

• Blade: The core scale-out element of FlashBlade, each blade contains compute power for data and metadata processing, raw NAND flash for storage and NV-RAM capacity for power-safe protection of writes in flight. Blades are engineered to be ultra-dense and low-power, in 8TB and 52TB capacities.
• Elasticity Scale-Out Software: Running in a distributed fashion across all blades, Elasticity is the software heart of FlashBlade. Elasticity implements a common object store in the system, storage services such as data reduction, encryption and N+2 erasure coding, scale-out protocol services such as NFS (file) and S3 (object), as well as low-level flash management and LDPC error correction. Because Elasticity is one code base across flash management, protocols, volume and storage services, all layers share a common extensible metadata engine and garbage collection for higher global system efficiency.
• Elastic Fabric: FlashBlade includes a built-in, software-defined, low-latency 40 Gbps Ethernet network. The Elastic Fabric combines blade-to-blade, chassis interconnect and client connectivity into one network, with software-defined QoS to ensure proper traffic prioritization. Both the Elastic Fabric and Elasticity leverage proprietary protocols on top of the commodity Ethernet network for the highest performance low-latency communication.

Significantly, FlashBlade enables an elastic scale-out, where storage capacity, IO and metadata performance, bandwidth, and client connectivity grow linearly as 8TB or 52TB blades are added non-disruptively to the system. FlashBlade delivers up to 15 GB/s of bandwidth per 4U chassis and consistent all-flash low-latency. The Elasticity OS supports a gigantic scale-out namespace that can be accessed via both file and object protocols, and can adapt to future protocols.

“The value that can be gained from efficiently storing and analyzing unstructured data has a transformative affect on business,” said John Hayes, Co-founder and Chief Architect, Pure Storage. “FlashBlade unlocks new capabilities and use cases that are simply not possible with today’s existing solutions by delivering real-time analytics at massive scale and blazing speeds to enable the future of innovation.”

http://www.purestorage.com

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Pure Storage Fizzles in IPO

Pure Storage, a start-up based in Mountain View, California, completed its initial public offering (IPO) of 25,000,000 shares of its Class A common stock at a price to the public of $17.00 per share.  Trading of NYSE:PSTG closed at $16.01. The company offers all-flash storage arrays.

https://www.purestorage.com

• In April 2014, Pure Storage closed a $225 million Series F funding round, at a pre-money valuation of over $3 billion, to support its all-flash enterprise storage array strategy.  The round included contributions from previous public market investors including T. Rowe Price Associates, Inc. and Tiger Global and new investor, Wellington Management Company. The round also included participation from prior venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, and Sutter Hill Ventures. The new funding brings the company’s total capital raised to $470 million to date.

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IBM and Pure Storage Announce Patent and Cross-License Agreements

Pure Storage has acquired over 100 storage and related technology patents from IBM and the companies have signed a patent cross-license agreement.  Financial terms were not disclosed.

“This transaction significantly increases the number of Pure’s patents, creating a more robust and strategic patent portfolio that will allow our customers to benefit even more from our focus on advancing storage innovation,” said Joe FitzGerald, vice president, Legal for Pure Storage.

“This agreement with Pure Storage demonstrates the value of IBM’s patented inventions and our dedication to encouraging innovation by licensing access to our extensive patent portfolio  IBM's extensive R&D investment and the industry's largest storage array patent portfolio are key drivers behind our flash storage leadership,” said Dr. William LaFontaine, General Manager, Intellectual Property, for IBM.

http://www-03.ibm.com/press/us/en/pressrelease/44199.wss

• In April, Pure Storage, a start-up based in Mountain View, California, closed a $225 million Series F funding round, at a pre-money valuation of over $3 billion, to support its all-flash enterprise storage array strategy.  The round included contributions from previous public market investors including T. Rowe Price Associates, Inc. and Tiger Global and new investor, Wellington Management Company. The round also included participation from prior venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, and Sutter Hill Ventures. The new funding brings the company’s total capital raised to $470 million to date.

• Pure Storage offers all-flash enterprise arrays for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing.  The company's approach combines proprietary data deduplication and compression technologies with affordable multi-level cell (MLC) flash memory.

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Pure Storage Raises $225M at $3 Billion Valuation

Pure Storage, a start-up based in Mountain View, California, closed a $225 million Series F funding round, at a pre-money valuation of over $3 billion, to support its all-flash enterprise storage array strategy.  The round included contributions from previous public market investors including T. Rowe Price Associates, Inc. and Tiger Global and new investor, Wellington Management Company. The round also included participation from prior venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, and Sutter Hill Ventures. The new funding brings the company’s total capital raised to $470 million to date.

Pure Storage offers all-flash enterprise arrays for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing.  The company's approach combines proprietary data deduplication and compression technologies with affordable multi-level cell (MLC) flash memory.

“This financing at over a $3 billion pre-money valuation is a huge milestone for Pure Storage,” said Scott Dietzen, Pure Storage, CEO. "Yes, it reinforces the health and standout growth of our business to date, but more importantly, the disruptive potential of an all-flash array that costs less than disk going forward. In 2014, no one should be buying mechanical disk to run databases or virtual machines. Our additional funding ensures that many more businesses will get the ten-fold performance acceleration and power savings of Pure Storage. With our top-quality investors and partners, Pure is well positioned for long-term independence and ultimately to lead the ferociously competitive storage market as we leave the mechanical legacy behind.”


http://www.purestorage.com

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Pure Storage Raises $150 Million Pre-IPO

Pure Storage, a start-up based in Mountain View, California, last week announced $150 million in new funding to support its all-flash enterprise storage array strategy.

The Series E funding round was led by T. Rowe Price, Tiger Global Management and other public market investors, with participation by its previous venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures.

This bring Pure Software's total capital raised to date to $245 million.  The company said it is on-track for a future initial public offering (IPO).

Pure Storage offers all-flash enterprise arrays for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing.  The company's approach combines proprietary data deduplication and compression technologies with affordable multi-level cell (MLC) flash memory.

The company says that since releasing its flagship FlashArray to general availability (GA) in 2012 it has achieved over 50-percent consecutive quarterly growth.

"In 2009, we set out to build the next great storage company," said Scott Dietzen, CEO at Pure Storage. "Today, we are taking our most significant step yet toward realizing that goal. This landmark financing reinforces our position as the frontrunner in leading the transition from mechanical disk to flash memory in the data center – perhaps this decade’s most significant IT disruption. We are thrilled to have the strategic guidance of Frank Slootman and world-class public market investors, like T. Rowe Price and Tiger Global among others, to support us in this mission. 2013 has already proven to be an auspicious year for Pure Storage, with record growth on all fronts and our recipe for all-flash storage at the price of disk anointed us as the one to which our competitors aspire. Fortified by this pre-IPO funding round, we will continue to accelerate our global business. Expect even bigger things from Pure in the months and years to come."
http://www.purestorage.com

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