Cloud Computing: VM-Aware Storage Start-Up Tintri Nails Another $25 Million
July 25, 2012
Grazed from Sys Con Media. Author: Maureen O’Gara.
Tintri, a producer of purpose-built VM-aware storage appliances, has closed a $25 million D round led by Menlo Ventures. Existing investors NEA and Lightspeed Venture Partners joined in.
It says the round was oversubscribed and brings total investment to over $60 million.
Tintri plans to use the money to accelerate R&D and sales operations as well as support global expansion. It says it’s grown 100% a quarter on average since it launched last year, attracting 100 companies including Alliance Bank, F5 Networks, Tibco and Mitsubishi Electric Information Network Corporation as customers…
Its VMstore, which mixes disk and flash drives, compresses data and reduces the number of servers a data center needs, was designed from the ground up for flash and virtualization. It claims fast flash performance at disk prices and better performance on virtualized applications than classic storage.
The start-up says the average number of virtual machines being deployed in production on its storage appliance is on the rise and that ROI can be achieved in 60 days for both virtual server and desktop environments.
Tintri was co-founded by Kieran Harty, former EVP of engineering at VMware.
It thinks it can be a billion-dollar concern, pressuring the traditional storage makers.