August 5th, 2015 by Adam Armstrong
Tintri Raises An Additional $125 Million In Funding
Today Tintri Inc. announced that they have raised an additional $125 million in series F funding, bringing their total capital raised up to $260 million. This latest series of funding, series F, was lead by Silver Lake Kraftwerk along with existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures, and NEA. Tintri plans on using the funding to global adoption of VM-aware storage (VAS).
With the increase in virtualization and cloud, more companies are looking into using these new technology for storage versus the traditional methods, DAS, NAS and SAN storage. Tintri’s VAS is winning over the marketplace with customers seeing an increase in performance and simplicity. The latest round of funding will continue to help Tintri push out their VAS message globally. The investors feel that Tintri has long-term growth potential in its next-generation storage solutions.
Tintri has enjoyed triple-digit year-over-year growth. Tintri is trusted with over 400,000 VMs, storing 50PB of data. Its customers include Chevron, Comcast, ConocoPhillips, European Investment Bank, GE, NTT, MillerCoors, Rogers Communications, SK Telecom, Sony, Time Warner, United Healthcare and dozens of U.S. Federal Government agencies, half of which report revenues of $1 billion or more.
Tintri will be showcasing its vision for the future of storage in an online presentation on August 20, 2015. And Tintri’s annual user conference will be held in San Francisco, CA on August 30, 2015 just ahead of VMworld. We will be at VMworld during the user conference but were told by Tintri that we are not invited to attend. We will update with any announcements from the event however if Tintri is inclined to share.