Sutter Hill Ventures has financed technology-based start-ups and assisted entrepreneurs in building companies since 1962. Through their decades of experience, they have developed strong industry networks, considerable operating and venture capital experience, and an understanding of the challenges that early-stage and high-growth companies face. They offer expertise in developing business strategies and partnerships, building management teams, and financing companies in both public and private markets. They have experienced operating executives who love building companies. Their approach is straightforward. They have a collegial and uncomplicated operating style that is direct and results-driven. They work as a team to respond quickly to new investment proposals and to their portfolio companies needs. Once they invest in a company, they bring to bear their time, expertise, and extensive industry networks to help these companies succeed. Building companies is their top priority and their favorite occupation. They have structured Sutter Hill to allow them to invest in a focused portfolio of early-stage companies and build value for the long term. They are always available to their CEOs and founders as advisors and mentors ready with practical and strategic advice from their own venture capital and operating experiences. They don't insist on winning every argument, but they will always tell you what they think. They also have a network of executives, advisors, and support infrastructure to help their portfolio get going in the right direction quickly. As former line managers themselves, they know the vision, energy, and commitment that building a successful company requires. They strive to build partnerships with entrepreneurs that combine dedicated support from Sutter Hill with trust that the teams they back can make good decisions and execute on the details. Their limited partners have committed long-term support to their evergreen fund which allows them to make long-term commitments to their companies. In addition, a significant portion of every dollar they invest in their own money, and each one of them participates in every investment. This direct investment reinforces each partner's commitment to every company in their portfolio and ensures that they bring every available resource to bear in helping their companies succeed.

Sutter Hill Ventures

Greylock Partners invests in entrepreneurs that focus on consumer and enterprise software companies. The firm invests in companies that define new markets, including Airbnb, AppDynamics, Apptio, Arista Networks (NYSE: ANET), Cloudera, Docker, Dropbox, Facebook (Nasdaq: FB), LinkedIn (NYSE: LNKD), Medium, Nextdoor, Palo Alto Networks (NYSE: PANW), Pandora (NYSE: P), Pure Storage, and Workday (NYSE: WDAY). It was founded in 1965 and headquartered in Menlo Park, California.

Greylock

Redpoint has partnered with visionary founders to create new markets and redefine existing ones since 1999. The firm invests in startups across seed, early, and growth phases. In total, Redpoint manages $4 billion across multiple funds.

Redpoint

Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.  Since 1996, Index has partnered with exceptional entrepreneurs who are using technology to reshape the world. The companies they’ve started include Adyen, Deliveroo, Dropbox, Farfetch, King, Slack, and Supercell.

Index Ventures

T. Rowe Price is an investment management firm dedicated to funding technology startups. The firm serves individuals, financial intermediaries, and institutions and offers a full range of investment strategies across a broad spectrum: debt, equities, and private equities.

T. Rowe Price

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossover strategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

Tiger Global Management

The primary responsibilities of the group are to source, qualify, and invest in technology related companies. Our major investment areas include semiconductors, materials, mobile service, internet, software, security, enterprise solutions, bio engineering & medical, while potential investment subjects range from early-stage startups to pre-IPO companies. Currently, the group has over $1.8B under management and invests $250M annually.  Samsung Ventures was founded on October 8, 1999, and is based in Seoul, South Korea.

Samsung Ventures

IVP turns breakout companies into enduring market leaders. With a 40-year record of driving growth and 130+ IPOs, we’ve partnered with over 400 companies including Amplitude, Brex, Coinbase, Crowdstrike, Datadog, Discord, Klarna, Slack, Snap, and Twitter. As trusted allies, IVP helps founders and CEOs meet the challenge of leading a rapidly growing company. Its proven system bolsters functions including those that are sometimes overlooked and partners serve as trusted allies to companies seeking to realize their full potential.

In-Q-Tel identifies and partners with companies developing cutting-edge technologies to help deliver these solutions to the Central Intelligence Agency and the broader U.S. Intelligence Community (IC) to further their missions.

In-Q-Tel

Wellington Management focuses on investment management. The company applies its full resources to meet the needs of the institutional clients they serve. Their investment approaches span equity, fixed income, currency, commodity, and alternative markets. They also offer asset allocation, multi-manager, and speciality approaches.

Wellington Management

Pure Storage

Hardware, software, and wearable devices to help prevent and manage the next pandemic.

Infectious Disease Tech

Landing AI is a company that offers a computer vision platform called LandingLens, designed to help manufacturers build, deploy, and scale AI-powered visual inspection solutions. LandingLens utilizes Domain-Specific Large Vision Models (LVMs), which are foundational models trained on a customer's proprietary dataset of images. These LVMs enable insights from unlabeled images, faster development for downstream vision tasks, and enhanced accuracy in completing computer vision tasks.
LandingLens provides an end-to-end platform for visual inspection, encompassing data labeling, model training, performance evaluation, and deployment. The platform includes features such as a digital Defect Book for consistent labeling, synthetic data generation, data management, and continuous monitoring and retraining capabilities. As of October 2020, LandingLens had demonstrated the ability to reduce the AI project development lifecycle by up to 67% and overall costs by up to 60%.
In April 2020, LandingAI's platform offered small data technology to enhance datasets with synthetic data generation and smart labeling, enabling practical value creation with limited data. The platform also provided data management beyond labeling and training, including tracking environment changes and easy retraining through a one-click process.

Cerabyte is an IT company that provides data centers from scratch for the storage of regular media in the form of ceramic nanolayers.

LandingAI empowers customers to harness the business value of AI by providing enablement tools and transformation programs. One of the company’s core products is LandingLens, an end-to-end AI platform specifically designed for industrial customers to build, deploy and scale AI-powered visual inspection solutions. Founded by one of the most recognizable names in AI, Dr. Andrew Ng, (founding lead of the Google Brain team and former Chief Scientist at Baidu), and a world class team, LandingAI is uniquely positioned to help companies across the globe successfully move their AI projects from proof-of-concept to full-scale production. Additional information is available at: www.landing.ai.

Pure Storage is pioneering a new class of enterprise storage that has been designed from the ground up to take full advantage of flash memory. The company's products accelerate random I/O-intensive applications like server virtualization, desktop virtualization (VDI), database (OLTP, rich analytics/OLAP, SQL, NoSQL), and cloud computing. Pure Storage makes it cost-effective to broadly deploy flash within the data center, enabling organizations to manage growth within existing power and space constraints. Launching later this year, the company's products are in private beta with select customers. Pure Storage is funded by Greylock Partners and Sutter Hill Ventures.

Portworx by Pure Storage is a cloud-native storage and data management platform to run mission-critical applications in containerized environments.

Building future-ready applications in the cloud

Cloud-native Tech

Portworx by Pure Storage

Pure Storage price target lowered by $4 at Citi, here's why

Cerabyte

LandingAI

Analytical platforms linked to a hardware device that records data, provides related information (i.e. personal information, history medical records etc.), links to  remote services (emergency contact, consultations), and provides contact tracing information.  

Red Hat

To streamline virtualization adoption, Pure Storage and Red Hat optimize Portworx on Red Hat OpenShift, enabling enterprises to run VMs and containers on a unified platform, improving operational efficiency and reducing costs.

Vendors that bundle different tools from different layers together into a platform, solving a larger problem. These can include an orchestration tool, a container runtime, service discovery, networking, an API gateway, etc.

NVIDIA

Pure Storage, an advanced data storage technology and services company has unveiled a suite of new AI infrastructure solutions and validated reference architectures developed in partnership with Nvidia

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

Integrated solutions that handle various processes such as model training, fine-tuning, model deployment, monitoring, and maintenance in working with and deploying LLMs

Azure

Pure Storage is partnering with Microsoft to bring its industry-leading storage capabilities to native Microsoft Azure services by leveraging Azure's new Premium SSD v2 and introducing them to Azure VMware Solution (AVS) in preview.

Data Infrastructure & Analytics

Providers of storage solutions that help accelerate data analytics. These include primary storage solutions, such as data warehouses and data lakes, and secondary storage solutions for non-mission-critical data.

Wipro

To help clients accelerate their sustainability journey through the power of technology to empower customers to drive a more sustainable data center footprint by providing more efficient strategies to minimize the environmental impact.

Nvidia and Pure Storage team up to redefine AI-ready infrastructure.

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

Makers of hardware such as CPUs, GPUs, and other application-specific hardware required to train and run ML workloads.

Equinix

To offer enterprises more control, flexibility, and speed during server provisioning by providing physical infrastructure at software speed through a joint bare metal as-a-service offering.

Pure Storage and Nvidia are teaming up on a product called AIRI, which stands for AI-Ready Infrastructure to mainly be used for data science or analytics

Portworx by Pure Storage is a cloud-native storage and data management platform to run mission-critical applications in containerized environments.The platform provides automated failover, snapshots, and performance optimization. Portworx provides high availability, scalability, and data mobility, enabling organizations to efficiently run stateful applications, accelerate DevOps workflows, and simplify data compliance. Its cost-efficiency, security, and support for hybrid and multi-cloud strategies further enhance its value proposition.Portworx provides a consumption-based pricing model.Portworx was acquired by Pure Storage in September 2020 for USD 370 million. The company was rebranded as Portworx by Pure Storage but continues to operate independently.Key customers and partnershipsPortworx serves customers in the healthcare, automotive, audio entertainment, and media sectors. Among its customers of cloud-native storage solutions are GE, Ford, Comcast, Adobe, and Airbus.The company has partnered with several major cloud companies including Amazon Web Services, Microsoft Azure, Google Cloud Platform, Cisco, Docker, IBM, Red Hat Sysdig, and D2iQ.

SingleStore is a company that provides a distributed SQL database platform for real-time analytics and operational applications.SingleStore’s platform combines the scalability of NoSQL with the querying capabilities of SQL. It enables organizations to ingest, process, and analyze large volumes of data in real-time, making it ideal for applications that require fast and accurate data processing. SingleStore solves the problem of handling massive amounts of data and delivering real-time insights for use cases such as real-time analytics, operational analytics, and high-velocity transactional applications.SingleStore's competitive advantage is its ability to handle analytical and transactional workloads in a single platform. It allows businesses to consolidate their data infrastructure, simplifying management and reducing operational costs.SingleStore operates with a sales model that includes direct sales and partnerships with technology and solution providers. It offers different pricing and licensing options tailored to the needs of its customers, including subscription-based models.Key customers and partnershipsSingleStore serves some of the largest tech and non-tech enterprises across various industries, including Comcast, Cisco, Akamai Technologies, Fiverr, Goldman Sachs, Sony, Siemens, Hulu.SingleStore partners with all major cloud providers (AWS, Azure, Google Cloud, IBM Cloud) and has technology partnerships with Dell, Red Hat, Intel, HP Enterprise, and Looker.Funding and financialsAs of June 2023, SingleStore’s latest fundraising was in October 2022 from a USD 30 million Series F round led by Goldman Sachs Asset Management and Prosperity7 Ventures. The funds were slated to fuel SingleStore’s growth and various strategic initiatives.

SingleStore

Platform9 is an open-distributed cloud company that offers solutions for managing hybrid clouds, Kubernetes, and more. Platform9 offers several products and solutions, including Managed Kubernetes, Managed OpenStack, and Managed Bare Metal.Managed Kubernetes allows businesses to deploy and manage Kubernetes clusters across any infrastructure, while Managed OpenStack offers a simplified way to deploy and manage private clouds. Managed Bare Metal enables businesses to run Kubernetes, OpenStack, and other workloads on dedicated hardware with bare-metal performance.Platform9 claims to deliver a seamless Kubernetes experience across any infrastructure. Platform9's SaaS-managed Kubernetes solution offers a single view to manage Kubernetes clusters running on any cloud or on-premises infrastructure, including bare metal servers, vSphere, and public clouds such as AWS, Google Cloud Platform, and Azure, providing customers with a unified Kubernetes experience. In addition, Platform9 offers automated security patching, on-demand upgrades, self-healing clusters, multi-version support, and audit logging.Platform9 has a subscription-based sales model. It offers its services on a pay-as-you-go basis, with pricing based on the number of managed nodes or instances, with optional add-ons for additional features and support.Key customers and partnershipsPlatform9 targets enterprise customers who run and manage Kubernetes and cloud-native technologies on distributed cloud services, whether on-premises or in the public cloud. Its customers typically include large organizations with complex IT environments, such as financial services, healthcare, technology, and retail companies.As of mid-2022, Platform9 catered to more than 60 enterprise clients and powered 40,000 nodes across private, public, and edge clouds.Platform9 has partnerships with various cloud providers, including Amazon Web Services, Microsoft Azure, and Google Cloud. Additionally, in <a href="https://sp-edge.com/updates/32723">August 2024</a>, Platform9 partnered with Fairwinds, a managed Kubernetes-as-a-Service provider, to tackle issues related to Kubernetes over-provisioning and cost management costs in public cloud deployments.

Platform9

Mirantis is a technology company that provides cloud-native software and services to help businesses modernize their IT infrastructure.Mirantis specializes in open-source software, focusing on Kubernetes, OpenStack, and related technologies. Its core offering is the Mirantis Cloud Native Platform, a managed Kubernetes service that provides a complete set of tools for deploying and managing containerized applications. The platform helps organizations adopt and scale Kubernetes quickly and easily, with features like automated provisioning, integrated monitoring, and self-service access to resources. Mirantis also offers professional services including consulting, training, and support for Kubernetes, OpenStack, and related technologies.Mirantis sells its products and services through a subscription-based model. Customers can choose from various annual subscription plans, depending on their needs.Key customers and partnershipsMirantis focuses on enterprise customers who deploy and manage large-scale private clouds. Some of its high-profile customers include Volkswagen Group, Société Générale, S&amp;P Global, Paypal, Volkswagen, and GSK.Mirantis also has technology partnerships with several companies, including Arm, Cisco, Entrust, and Fujitsu, and hardware vendors like Dell EMC, Intel, and Supermicro.

Mirantis

Rafay Systems is a cloud-native platform that automates deployment, life cycle management, and scaling of containerized applications across all cloud infrastructure.Rafay's platform provides enterprises with the tools to deploy and manage containerized applications, microservices, and serverless functions in a scalable and efficient way. The platform provides features including multi-cluster management, automated workload scaling, automated application recovery, and granular application-level access controls. Rafay also provides a Kubernetes-native API gateway that simplifies managing and securing microservices, and includes capabilities to include support for graphics processing unit-based workloads.Additionally, Rafay Systems <a href="https://sp-edge.com/updates/29580">offers an AI suite</a> to simplify AI application development and deployment. This suite includes pre-configured LLMOps Playgrounds, a turnkey MLOps pipeline, central management of LLM providers and prompts, and AI data source integrations and governance. It also offers a cost optimization suite to help IT professionals manage Kubernetes expenses with dynamic cluster scaling, auto-rightsizing, policy application, and simplified infrastructure.Rafay has a subscription-based sales model and offers its platform as a service. The pricing is based on the number of clusters, nodes per cluster, and the amount of data transferred.Key customers and partnershipsRafay’s target customer segments are enterprises, service providers, and software vendors. Some of its notable clients include Verizon, Equinix, Samsung, Moneygram, and the US Air Force.In 2022, Rafay launched its Technical Alliance Program (TAP), which brings together technology and solutions providers to develop joint solutions to simplify and streamline Kubernetes management and operations. Partners of the program include GitLab Inc., F5 NGINX, MinIO, New Relic, and Sysdig. Meanwhile, Rafay’s public cloud and managed Kubernetes partners include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Oracle.

Rafay Systems

Docker, Inc. is a technology company developing productivity tools centered around Docker, a software container platform that automates the deployment of code inside containers.Docker, Inc's major commercial products include Docker Hub, a central repository for containers, and Docker Desktop, a GUI application that enables Windows and Mac users to manage containers.Docker's ease of use, portability, resource efficiency, scalability, and strong ecosystem has made it a popular solution for deploying and managing applications in various environments.Docker has a subscription-based sales model. Docker also collaborates with various channel partners, including technology resellers, system integrators, and value-added distributors to expand its reach.Moreover, Docker has made several strategic acquisitions to enhance its capabilities: AtomicJar (2023), Nestybox (2022), SocketPlane (2015), and Tutum (2015), among others.Key customers and partnershipsAs of December 2022, the platform was used by more than 18 million developers. As of March 2022, the company served more than 56,000 commercial customers, including Adobe, Netflix, PayPal, Verizon, and Target.In <a href="https://sp-edge.com/updates/27771">March 2024</a>, Docker expanded its partnership with Red Hat to integrate Testcontainers Cloud into the Red Hat OpenShift platform. This partnership aimed to streamline the process of building cloud-native applications and facilitate real-world testing using Docker containers.Docker’s annual recurring revenue (ARR) was more than USD 50 million in 2021.

Docker

Vendors offering cloud-native infrastructure or provisioning, which is the first layer in the cloud-native landscape. It encompasses tools to create and harden the foundation of cloud-native apps.

Vendors offering execution environment (runtime) solutions. This encompasses everything a container needs to run in a cloud-native environment, including the code used to start a container.

Vendors offering solutions for application definition and development. This layer focuses on the tools that enable engineers to build cloud-native applications

Vendors offering orchestration and management solutions including tools to handle running and connecting cloud-native applications.

Vendors offering observability, including tools to understand a cloud system from its external outputs, measured by CPU time, memory, disk space, latency, errors, etc.

Provide tools to design and build applications for deployment and operation in cloud environments

Disruptors are using Generative AI for AI-based assistants and help-bots, while others provide the technology for developing and deploying Gen AI applications and models.

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 Pure Storage, a company specialising in data storage technologies, has rolled out a full-stack solution known as GenAI Pod, intended for GenAI deployments. In addition, the firm has secured a FlashBlade//S500 certification with NVIDIA DGX SuperPOD. The GenAI Pod is expected to hit the market in the first half of 2025.
 Within the GenAI Pod are validated designs that ensure streamlined operations and one-click deployments for vector databases as well as foundation models. This solution leverages Portworx to automate deployments of NVIDIA's NeMO and NIM microservices. The GenAI Pod contains hardware, software, foundational models, as well as professional services delivered in partnership with Arista, Cisco, Meta, and Red Hat, among others.
 Pure Storage claims the new solution significantly reduces the cost, time and technical expertise required for successful GenAI deployments. The company's FlashBlade//S500 certification with NVIDIA DGX SuperPOD aims to assist enterprises in speeding up high-end AI training, drawing on a storage platform that is adaptable and efficient in terms of both performance and energy.
</div> Analyst QuickTake: 
 The launch of the GenAI Pod broadens the company’s offerings in GenAI data storage and retrieval, building on its traditional role as a cloud-native storage and data management platform for containerized applications. Notable efforts in this space include its partnership with NVIDIA ( <a href="https: 
//sp-edge.com/updates/27952"> March 2024 </a> ) to develop retrieval-augmented generation (RAG) for improving LLM accuracy.

Portworx by Pure Storage

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