Been invested for 3 or 4 years. All flash storage for very high bandwidth demand. SaaS revenue has grown QoQ every quarter for years, at 70 or 80% margin, can't remember the exact number. Recently they signed a hyperscaler deal with
$META. Meta will be using Everpure in their new AI datacenters. They just announced a second top 5 hyperscaler deal, but didn't say who it is with. I am assuming
$ORCL. They have very fast IOPS (flash hardware drive speed) which is perfect for AI loads. I originally invested when it was around $25, back when I was working and used Pure Storage at my job (they have renamed to Everpure now). My hands on experience before AI was a thing got my convinced to invest. When AI came along I got even more bullish. Still a lot of room to grow and they are taking away market share from
$NTAP,
$DELL, and
$HPE in the storage business