Tegile Systems Closes $70M Funding Round

Tegile SystemsTegile Systems, a Newark, Calif.-based provider of flash-driven storage arrays for databases, virtualized server and virtual desktop environments, closed a $70m funding round.

Backers included new investors Capricorn Investment Group, Cross Creek Advisors and Pine River Capital Management and existing investors August Capital, Meritech Capital Partners, Western Digital and SanDisk.

The company, which has now raised $117.5m in total, intends to use the funds for global expansion. It plans to to double the number of employees from its current base of 300 in the next 18 months, scale up its operations, and further expand its reseller channel.

Led by Rohit Kshetrapal, CEO, Tegile provides all-flash and hybrid storage solutions that aim to enable businesses of all sizes to accelerate their applications, reduce storage footprint and cut operational costs. Since 2012, the company has deployed more than 1,500 systems within mid-sized and large enterprise environments.



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