Wednesday, August 5, 2015

Tintri Raises $125 Million for VM-aware Storage

Tintri, a start-up based in Mountain View, California, raised $125 million in Series F venture funding for its VM-aware storage (VAS) for virtualization and cloud environments.

Tintri's application-aware storage is able to see how applications behave at the virtualization layer and present information in a way that’s useful to IT professionals. The application-awareness helps eliminate planning and complex troubleshooting by providing VM-level visibility, control, insight and agility, with all flash performance for virtualized environment and the cloud.

The new funding round was led by Silver Lake Kraftwerk. Tintri’s existing investors—Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA—also participated in the round, bringing Tintri’s total capital raised to $260 million. The company will use the funding to accelerate global adoption of VM-aware storage.

“We are honored to be partnering with such an esteemed group of investors,” said Ken Klein, chairman and CEO for Tintri. “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. 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. ”

http://www.tintri.com

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