Pure Storage
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| Public | |
| Traded as | : PSTG |
| Industry | Data storage |
| Founded | 2009 |
| Headquarters | Mountain View, California |
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Key people
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CEO: Scott Dietzen Co-founder: John Colgrove Co-founder: John Hayes CFO: Tim Riitters |
| Website | www |
Pure Storage is a Mountain View, California-based enterprise data flash storage company founded in 2009.
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. 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. 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. Vice president of engineering Bob Wood joined at that time from Omneon (acquired by Harmonic, Inc.).
In August 2012, Pure Storage raised $40 million in series D funding round led by Index Ventures partner Mike Volpi, along with existing investors. An investment of undisclosed amount from In-Q-Tel (associated with the US Central Intelligence Agency) was announced in May 2013. Another investment (round "E") of $150 million was announced in August 2013, including T. Rowe Price and Tiger Global Management.
In October 2013, EMC Corporation filed lawsuits against several former sales employees who left to join Pure Storage. A $225 million series F funding round closed in April 2014. Tim Riitters, a former Google exec, joined as chief financial officer (CFO) in August 2014.
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