Pure Storage Raises Additional $30 Million In Funding

Mountain View-based Pure Storage announced on Tuesday that it has raised $30 million extra in Series C funding, making the total amount raised to date close to $55 million.

Founded in 2009, Pure Storage specialises in a wide array of all-flash enterprise storage devices.

The company has announced that it has successfully developed a brand new product that has the capability of scaling hundreds of terabytes, and is being placed currently as a suitable replacement for primary disk drive arrays from HP, EMC, IBM, HDS, NetApp as well as other major suppliers, commonly used by enterprises.

According to the company, its close tie up with companies such as Samsung Venture Investment Corp, the venture capital investment wing of the Korean electronic giant Samsung, and a few others like Redpoint Ventures, Greylock Partners and Sutter Hill Ventures, helped to a great extent in raising funds for the project.

"Customers are currently spending about $20bn per year on performance disk storage. They ought to be getting more for their money," Pure Storage CEO Scott Dietzen said in a statement while expressing his point of view on this new achievement by the company, Channel & Register reports.