US-based flash storage array producer Pure Storage has raised $225m in a series F round that valued the company at more than $3bn.
Wellington Management Company participated in the round as a new investor and was joined by existing backers T. Rowe Price Associates, Tiger Global Management, Greylock Partners, Index Ventures, Redpoint Ventures, and Sutter Hill Ventures.
Samsung invested in US-based Pure Storage’s $30m series C round in 2011, and In-Q-Tel, the venture capital unit operated by the US intelligence community, provided an undisclosed amount of funding in June 2013.
Pure Storage produces storage equipment for data centres that use flash rather than traditional disk-based arrays. It has now raised approximately $470m in funding since it was formed in 2009 and will use the latest injection of capital to invest in its engineering, sales, marketing and channel partner enablement activities.
“This financing at over a $3 billion pre-money valuation is a huge milestone for Pure Storage,” said, Pure Storage CEO Scott Dietzen. “With our top-quality investors and partners, Pure is well positioned for long-term independence and ultimately to lead the ferociously competitive storage market as we leave the mechanical legacy behind.”