Deals

Pure Storage secures $28M more for enterprise flash storage

Pure Storage, a company trying to revolutionize the enterprise storage industry using flash memory, is preparing to raise another $28 million, according to a SEC filing.

The company is focused on using flash memory, typically found in consumer technology like USB flash drives or MP3 players, to make enterprise storage more efficient. Currently, many enterprises use storage that seeks and spins disks to access information. With flash, enterprises could theoretically save money as there is no seeking or spinning, saving seconds on accessing info. Of course, this is all theory as the company’s product is still in private beta. A more detailed explanation on how flash works can be found here.

The SEC filing includes the names of both founder and chief technologist, John Colgrove, and chief executive, Scott Dietzen. In addition, a host of investors are mentioned, including Aneel Bhusri (Greylock), Satish Dharmaraj (Redpoint Ventures), Mark Leslie (former Veritas CEO) and Mike Speiser (Sutter Hill Ventures).

The Mountain View, Calif.-based company, founded in 2009, has raised close to $53 million in total funding.