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Pure Storage Valuation Tops $3 Billion, Tripling Since August

In the red hot technology startup market, even storage is sexy.

Eight months after raising money at a valuation of more than $1 billion, Pure Storage Inc.’s price has tripled as businesses migrate to its specialty of flash storage and away from traditional magnetic disk drives. Pure said today that it raised $225 million at a valuation of more than $3 billion.