Pure Storage
Santa Clara company, formerly Pure Storage, that sells all-flash storage systems, subscription services and data management software. Renamed Everpure in February 2026 and listed on the NYSE.
Industry: Enterprise data storage and management | Location: Santa Clara, United States | Founded: 2009 | Total Funding: More than USD 470M venture funding before IPO (as reported)
About Pure Storage
Pure Storage is a US enterprise data storage company that sells all-flash storage systems and subscription-based storage services. Its quarterly earnings releases give Santa Clara, California as its location, and its shares trade on the New York Stock Exchange under the ticker PSTG. The company was founded in 2009 by John Colgrove and John Hayes under the code name Os76. It was initially set up within the offices of Sutter Hill Ventures and funded with US$5 million of early investment. It later raised more than US$470 million in venture capital and completed its NYSE initial public offering in October 2015. Scott Dietzen served as chief executive from 2010 to 2017. Charles Giancarlo, known as Charlie, is the current chief executive. Colgrove is described as a co-founder and chief visionary officer. Pure Storage offers its products under Evergreen subscriptions, a model that includes Evergreen//One, a storage-as-a-service offering backed by service-level agreements, usage-based pricing and non-disruptive modernisation of hardware. A notable commercial development in 2025 was an agreement, announced in March, to supply Meta with its proprietary flash storage technology. Meta had a relationship with Pure Storage going back to 2022, when Pure lent flash storage systems to Meta's AI Research SuperCluster. Management said it expected to deliver one to two exabytes to Meta by the end of the fiscal year, with gross margins on that revenue above 90 percent. The company recognised its first revenue from the partnership in its second quarter, earlier than analysts had expected, and the stock reached a record high after the results. Financial results for fiscal 2026 show steady growth. First-quarter revenue was US$778.5 million, up 12 percent, with subscription services revenue up 17 percent to US$406.3 million and subscription annual recurring revenue up 18 percent to US$1.7 billion. Second-quarter revenue was US$861 million, ahead of the analyst consensus of US$846 million, and the company raised its full-year outlook. Third-quarter revenue reached US$964.5 million, up 16 percent, with non-GAAP operating income of US$196.2 million, remaining performance obligations of US$2.9 billion, up 24 percent, and free cash flow of US$52.6 million. For the fourth quarter the company guided to revenue of US$1.02 billion to US$1.04 billion.
Leadership
- John Colgrove, Founder and Chief Visionary Officer
- Charles Giancarlo, Chairman and Chief Executive Officer
- Scott Dietzen, Vice Chairman
- Tarek Robbiati, Chief Financial Officer
- Ajay Singh, Chief Product Officer
- Rob Lee, Chief Technology and Growth Officer
- Patrick Finn, Chief Revenue Officer
- Niki Armstrong, Chief Administrative and Legal Officer