300% Annual Revenue Growth for Pure Storage

Pure Storage, Inc. announced achievements for 2014.

It posted revenue growth of more than 300% for the fiscal year ended January 2015.

“Pure Storage is reshaping enterprise storage,” said CEO Scott Dietzen. “Our success this past year is the result of the business transformation we provide customers – making them faster, more efficient and more effective, while simultaneously cutting costs. One customer saved seven figures in two months on inventory management because dramatically faster storage gave them more real time information. Another saved eight figures in their first year by consolidating their database infrastructure by a 1/3 and still improving performance. Today, Pure is in a unique position to cost effectively deliver the performance of flash memory while supporting modern, cloud-oriented data centers and shedding decades of accumulated complexity of antiquated mechanical storage.“

In 2014, the market research firm Gartner positioned Pure in the leaders Quadrant of the inaugural Magic Quadrant for Solid-State Arrays.

“A vendor in the Leaders Quadrant has the market share, credibility, and marketing and sales capabilities needed to drive the acceptance of new technologies,” according to Gartner. “These vendors demonstrate a clear understanding of market needs; they are innovators and thought leaders; and they have well-articulated plans that customers and prospects can use when designing their storage infrastructures and strategies.“

Pure Storage is at the forefront of the market’s widespread adoption of all-flash storage technologys. It applies the same flash-based technology used in smartphones and tablets to enterprise storage.

The applications for Pure’s arrays are widespread: small, medium and large multinational businesses; governments, hospitals, schools and nonprofits all benefit from simplicity, reliability and affordability. Customers using Pure Storage include Sierra Nevada Brewing Co, Skullcandy, Inc., Workday, Inc., Shutterfly, Inc. and LinkedIn.

Additional accomplishments in 2014 include:

• Posted FY 2015 revenue growth of more than 300%
• Grew the customer base over 200% year-over-year
• Delivered products to customers in 25+ different countries
• Shipped >1,000 arrays
• Closed $225 million series F funding round, bringing total investment to $470 million
• Expanded the company’s IP portfolio to over 300 patents and patent applications, including over 150 patents and applications purchased from IBM and others
• Continued to achieve 99.999% availability across the entire customer base
• More than doubled headcount to 850
• Built out the company’s management team, including:
  • CFO Tim Riitters, from Google
  • Chief Architect Brian ‘Beepy’ Pawlowski, from NetApp, Inc. (hired Q1 2015)
  • VP, Global Accounts and Strategic Alliances Kevin Delane, from EMC Corporation
  • VP of EMEA James Petter, from EMC (hired Q1 2015)
  • VP of AsiaPac and Japan Michael Alp, from Polycom, Inc.
  • VP of Latin America Wilson Grava, from NetApp
• Established operations in Latin America, starting with Brazil and Mexico
• Hit a number of product milestones including the launch of FlashArray and Purity 4.0; joining the OpenStack Foundation as a corporate sponsor and committer, formalizing Pure’s commitment to open cloud computing standards; unveiling FlashStack CI, an all-flash approach to converged infrastructure.