Infinidat, a Needham, Mass.-based provider of advanced enterprise-class storage solutions, raised $150m in funding.
The round, which was led by TPG Growth, brought the company’s post funding valuation to $1.2 billion. In conjunction with the funding, TPG will join Infinidat’s board of directors.
The company, which has raised $230m in total, intends to use the funds to expand globally.
Founded in 2011 by Moshe Yanai, CEO, Infinidat uses patented storage architecture to provide enterprise class storage delivering efficient multi-petabyte capacity, mainframe-class reliability with total availability, and over 750K IOPS of performance. It also features automated provisioning, management, and application integration.