PSTG

Pure Storage, Inc. develops and manufactures enterprise data storage solutions based on flash memory technology. Headquartered in Mountain View, California, the company was founded in 2009 and employs approximately 6,000 people globally. Pure Storage operates through two primary product families: Purity, its proprietary data storage software platform, and FlashArray and FlashBlade, its flagship all-flash storage hardware systems designed for structured and unstructured data workloads. The company has expanded beyond hardware into subscription-based services, including Portworx for Kubernetes data management and Pure as-a-Service, which offers storage through a consumption-based model. Pure Storage serves enterprise customers across industries including healthcare, financial services, telecommunications, and government sectors, competing with established storage vendors like Dell Technologies and NetApp. The company reported annual revenue of approximately $2.8 billion for fiscal year 2024, with subscription services representing a growing portion of its business model. Recent strategic initiatives focus on artificial intelligence workloads, with products optimized for AI/ML data pipelines and multi-cloud deployments. Pure Storage went public in 2015 on the New York Stock Exchange and has since emphasized recurring revenue streams through software subscriptions and evergreen storage programs that allow customers to upgrade hardware without data migration.