Hybrid Flash Storage Company Tegile Systems Raises $35 Million
Tegile Systems is a hybrid flash and hard drive storage company that has raised $35 million in Series C funding. This round of funding was led by Meritech Capital Partners. August Capital, Western Digital, and SanDisk also participated in this round. Paul Madera (Meritech managing director) is joining Tegile’s board of directors as a result of the funding.
Tegile currently has over 300 production customers that uses the Zebi hybrid storage arrays.
“The time has come for us to scale the financial success we’ve thus far been afforded and leverage these opportunities for even greater revenue prospects and increased sales,” stated Tegile chief executive officer Rohit Kshetrapal. “The financing we’ve secured in this latest funding round allows us to do just that. We are pleased that our Round C investors include two strategic partners that will strengthen both our relationship and product roadmap even further, and working with an investment firm known to quickly move technology companies to the forefront. We look forward to Paul joining our board.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry