PURE Storage reports the successful completion of its equity issuance

XDATA – August 11th 2014

pure storagePURE Storage placed $59.81 million worth of securities as part of a non-brokered equity financing round. The placement, which started one month ago, lured a total of eleven subscribers. A total of nine unregistered securities offerings closed by the company raised an estimated $499.26 million.

PURE Storage develops and markets a solution that enables the broad deployment of flash storage in the data center. When compared to traditional disk-centric arrays, the company’s all-flash enterprise arrays are 10x faster and 10x more space and power efficient at a price point that is less than performance disk per gigabyte stored. Financial backers include Fidelity Investments, Greylock Partners, Index Ventures, In-Q-Tel, Redpoint Ventures, Samsung Ventures, Sutter Hill Ventures, T. Rowe Price, and Tiger Global Management.

The company is headquartered in Mountain View CA. PURE Storage elected to keep its revenues undisclosed.
The executive team includes John Colgrove and Scott Dietzen.
The board of directors includes Aneel Bhusri, Frank Slootman, Michael Volpi, Mike Speiser and Satish Dharmaraj.

The company has raised an estimated total of $559.07 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: PURE Storage
Industry: Other Technology
Amount offered: $59.81 million
Amount placed: $59.81 million
First sale: 06-26-2014
Data as of: 08-06-2014

For more information visit www.XDATA.co


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