Pure Storage Raises $150M And Sets For Battle With The Storage Giants

Pure Storage has raised $150 million for its super-fast and feature-rich flash storage technology. The round was led by T. Rowe Price, Tiger Global Management and "other public market investors," along with participation from previous investors Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures. The new funding brings the company?s total capital raise to $245 million. The company said in its announcement that the funding puts it on track to pursue an IPO.

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