Storage tech provider Tintri bags $125m to take on EMC, NetApp

Tintri secured $125m in series F funding this week

Storage specialist Tintri has secured $125m in a funding round the company said would go towards accelerating development of its virtualised storage solution.

The latest funding round, led by Silver Lake Kraftwerk with participation from Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA brings the total investment secured by Tintri since its founding in 2008 to $260m.

Tintri specialises in storage hardware optimised to serve up data for individual virtual machines. The company’s storage servers blend both HDD and SSD tech in order to optimise hot and cold storage and access, making storage more performant by making it smarter.

“The storage industry is going through a dramatic transformation. Virtualization and cloud are forces for change—and conventional DAS, NAS and SAN storage is struggling to keep pace. That’s why our message of VM-aware storage (VAS) is winning in the marketplace,” said Ken Klein, chairman and chief executive for Tintri.

“This funding fuels our mission—we’ll be growing our global footprint and raising visibility of the business benefits of storage built specifically for virtualized enterprises.”

The company’s virtualisation-aware storage wares have enjoyed some solid traction among some of the world’s largest companies and service providers including Chevron, GE, the EIB, NTT, SK Telecom and Rogers Communications.





[“Source- businesscloudnews”]