Tintri Inc., a
leading producer of VM-aware storage (VAS) for virtualization and cloud
environments, today announced the close of a $125 million Series F round
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. Customers that move from traditional and outdated storage
platforms to Tintri are consistently amazed by our performance and
simplicity—they never look back.”
“We believe Tintri’s trailblazing technology is disrupting storage
software architectures for an expanding base of blue-chip customers,”
said Adam Grosser, Tintri board member and Managing Director at Silver
Lake Kraftwerk. “We see strong long-term growth potential for Tintri,
and we are excited to partner with Tintri’s visionary management to
deliver the next generation of storage solutions.”
Tintri has driven triple digit year-over-year growth and has an
expanding global enterprise customer base—nearly half of its customers
report annual revenues of $1 billion or more. At present, Tintri is
trusted with more than 400,000 virtual machines, storing 50 petabytes of
user data for enterprises and cloud service providers including
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. Tintri’s rapid growth demonstrates that as organizations
embrace virtualization, they need storage that does the same.
“We were very excited to migrate our customer workloads from
conventional storage to Tintri and see an improvement in performance and
available capacity in real time—just plain VM-aware storage out of the
box.” Said Magnus Osterlund, Senior VMware & Wintel Architect at
Solid Park.
“In the beginning, there was block storage and the leader was EMC and
we worked with them. Then came file storage and the leader was NetApp
and we worked with them. Now is the era of VM-aware storage and the
clear leader is Tintri, and we are excited to make the future with
them,” said Shoichi Morita, President and CEO for Networld Inc.
To learn more about Tintri’s vision for the future of storage
join Kieran Harty, Co-founder and CTO, for an online presentation on
August 20, 2015. Tintri also extends a special invitation to prospects,
customers and partners to attend Tintricity, Tintri’s annual user conference in San Francisco, CA on August 30, 2015.