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Pure Storage was founded in 2009 under the code name Os76 Inc. [2] by John Colgrove and John Hayes. [3] Initially, the company was setup within the offices of Sutter Hill Ventures, a venture capital firm, [2] and funded with $5 million in early investments. [4]
Pure Storage's recent quarterly report arrived with plenty for investors to be excited about.
Pure Storage, Inc. (NYSE:PSTG) shares are trading lower on Wednesday. Oppenheimer analyst Param Singh initiated coverage on the company with an Outperform rating and a price target of $70 .
Sutter Hill Ventures is an American private equity firm focused on venture capital investments in technology-based start-up companies. Founded in 1964, Sutter Hill is one of the oldest venture capital firms still in operation. [1]
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In 2013, the company built the storage system for Titan supercomputer. [16] DDN announced in 2016 that it powered 70 percent of the top 500 supercomputers, up from 67 percent in 2015. [17] In 2017, DDN earned the unicorn status. [18] In June 2018, DDN acquired the Lustre filesystem storage team from Intel, reviving the Whamcloud brand. [19]