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PSTG Pure Storage Inc

64.85
2.51 (4.03%)
21 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pure Storage Inc NYSE:PSTG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.51 4.03% 64.85 65.20 61.35 61.80 6,526,331 01:00:00

Pure Storage and Kioxia Collaborate to Drive Scalability, Efficiency, and Performance in Hyperscale Data Centers

03/12/2024 11:00pm

PR Newswire (US)


Pure Storage (NYSE:PSTG)
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SANTA CLARA, Calif., Dec. 3, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaboration with Kioxia Corporation ("Kioxia"), a world leader in memory solutions, to develop cutting-edge technology that addresses the growing demand for high-performance, scalable storage infrastructure among today's hyperscale environments.

www.purestorage.com (PRNewsFoto/Pure Storage) (PRNewsfoto/Pure Storage)

Industry Significance:

Traditional storage solutions, particularly those relying on hard disk drives (HDDs), struggle to meet the demands of hyperscale environments due to their limited speed, scalability, reliability, and excessive power consumption. HDDs are ill-equipped to handle the massive, fast-growing volumes of data generated in these environments without introducing latency and bandwidth limitations, and are difficult to scale and integrate seamlessly into modern data centers.

To eliminate these obstacles, the latest collaboration between Pure Storage and Kioxia will deliver a data storage platform engineered from the ground up to tackle the needs of hyperscale environments, allowing for rapid scale while lowering power consumption and reducing the overall physical footprint of hyperscale data centers.

News Highlights:

With the combination of Pure Storage's advanced data storage platform with Kioxia's industry-leading QLC flash memory, hyperscalers can now keep pace with growing data demands without sacrificing performance. Benefits include:

  • Increased Performance: Ultra-fast, low-latency performance for handling massive, data-intensive workloads, while enabling greater reliability to keep pace with rapidly growing customer demands.
  • Improved Cost Efficiency: Optimized storage costs and lower overall total cost of ownership (TCO) by reducing the need for extensive physical resources, while offering better scalability.
  • Lower Power and Waste: Reduced energy consumption significantly compared to traditional HDDs, lowering operational costs, leading to a smaller overall physical footprint, cutting hardware waste and supporting more sustainable data center operations.

Executive Insight:

"Collaborating with Kioxia allows Pure Storage to bring the full potential of all-flash storage technology to hyperscale environments.  Pure has a decade of experience in delivering systems that manage flash for enterprise businesses.  Now we're using those innovations, and Kioxia's latest technology, to enable the hyperscalers.  Together, we're creating a solution that will empower these organizations to manage their data seamlessly, with speed and efficiency at the core."Bill Cerreta, GM, Hyperscale, Pure Storage

"Our collaboration with Pure Storage marks an exciting milestone in the evolution of hyperscale storage. As data volumes continue to explode, we're committed to delivering a solution that combines high performance with lower operational costs. All-flash technology is the future of storage, and through this collaboration, we are driving the innovation needed to address the complexities of today's hyperscale environments." - Caesar Ichimura, Chief Marketing Officer, Kioxia Corporation

About Pure Storage

Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com.

Pure Storage, the Pure Storage P Logo, and the marks in the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries.  The Trademark List can be found at purestorage.com/trademarks. Other names may be trademarks of their respective owners.

Analyst Recognition

A Leader in the 2024 Gartner Magic Quadrant for Primary Storage
A Leader in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms

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SOURCE Pure Storage

Copyright 2024 PR Newswire

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