Sep
16
2020
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Pure Storage acquires data service platform Portworx for $370M

Pure Storage, the public enterprise data storage company, today announced that it has acquired Portworx, a well-funded startup that provides a cloud-native storage and data-management platform based on Kubernetes, for $370 million in cash. This marks Pure Storage’s largest acquisition to date and shows how important this market for multicloud data services has become.

Current Portworx enterprise customers include the likes of Carrefour, Comcast, GE Digital, Kroger, Lufthansa, and T-Mobile. At the core of the service is its ability to help users migrate their data and create backups. It creates a storage layer that allows developers to then access that data, no matter where it resides.

Pure Storage will use Portworx’s technology to expand its hybrid and multicloud services and provide Kubernetes -based data services across clouds.

Image Credits: Portworx

“I’m tremendously proud of what we’ve built at Portworx: An unparalleled data services platform for customers running mission-critical applications in hybrid and multicloud environments,” said Portworx CEO Murli Thirumale. “The traction and growth we see in our business daily shows that containers and Kubernetes are fundamental to the next-generation application architecture and thus competitiveness. We are excited for the accelerated growth and customer impact we will be able to achieve as a part of Pure.”

When the company raised its Series C round last year, Thirumale told me that Portworx had expanded its customer base by over 100% and its bookings increased by 376 from 2018 to 2019.

“As forward-thinking enterprises adopt cloud-native strategies to advance their business, we are thrilled to have the Portworx team and their groundbreaking technology joining us at Pure to expand our success in delivering multicloud data services for Kubernetes,” said Charles Giancarlo, chairman and CEO of Pure Storage. “This acquisition marks a significant milestone in expanding our Modern Data Experience to cover traditional and cloud native applications alike.”

Mar
27
2018
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Pure Storage teams with Nvidia on GPU-fueled Flash storage solution for AI

As companies gather increasing amounts of data, they face a choice over bottlenecks. They can have it in the storage component or the backend compute system. Some companies have attacked the problem by using GPUs to streamline the back end problem or Flash storage to speed up the storage problem. Pure Storage wants to give customers the best of both worlds.

Today it announced, Airi, a complete data storage solution for AI workloads in a box.

Under the hood Airi starts with a Pure Storage FlashBlade, a storage solution that Pure created specifically with AI and machine learning kind of processing in mind. NVidia contributes the pure power with four NVIDIA DGX-1 supercomputers, delivering four petaFLOPS of performance with NVIDIA ® Tesla ® V100 GPUs. Arista provides the networking hardware to make it all work together with Arista 100GbE switches. The software glue layer comes from the NVIDIA GPU Cloud deep learning stack and Pure Storage AIRI Scaling Toolkit.

Photo: Pure Storage

One interesting aspect of this deal is that the FlashBlade product operates as a separate product inside of the Pure Storage organization. They have put together a team of engineers with AI and data pipeline understanding with the focus inside the company on finding ways to move beyond the traditional storage market and find out where the market is going.

This approach certainly does that, but the question is do companies want to chase the on-prem hardware approach or take this kind of data to the cloud. Pure would argue that the data gravity of AI workloads would make this difficult to achieve with a cloud solution, but we are seeing increasingly large amounts of data moving to the cloud with the cloud vendors providing tools for data scientists to process that data.

If companies choose to go the hardware route over the cloud, each vendor in this equation — whether Nvidia, Pure Storage or Arista — should benefit from a multi-vendor sale. The idea ultimately is to provide customers with a one-stop solution they can install quickly inside a data center if that’s the approach they want to take.

Oct
06
2015
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Pure Storage Prices IPO At $17

pure storage Enterprise storage company Pure Storage has raised $425 million after pricing its IPO on the NYSE at $17 per share, as originally reported by the Wall Street Journal. The company is trading under the ticker, “PSTG.” The Mountain View-based company competes with Dell, EMC, HP and others to provide flash storage products for businesses. Pure Storage warned in its filing that some… Read More

Apr
23
2014
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Pure Storage CEO Says $225M Round Gives It Flexibility And R&D Runway

purse storage Pure Storage, a company that has pioneered a way to deliver solid state disk performance for a mechanical disk price, announced today it has received $225 million in Series F venture funding at a valuation of $3 billion. Those are impressive numbers, but it doesn’t stop there. According to company president David Hatfield, Pure Storage achieved 700 percent year-over-year growth and 50+ percent… Read More

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