Mark Gritter (markgritter) wrote,
Mark Gritter
markgritter

Tintri funding news

Tintri announced its $75m series E round of funding today. The round was led by Insight Venture Partners. This round will let us continue to expand the team, and puts us in good shape for a 2015 IPO.

Press coverage:
Venture Capital Dispatch: http://blogs.wsj.com/venturecapital/2014/02/13/the-daily-startup-smart-storage-startup-tintri-more-than-doubles-its-funding/ and more WSJ blog coverage: http://blogs.wsj.com/venturecapital/2014/02/13/tintri-raises-75m-for-smart-storage-eyes-2015-ipo/
Fortune (CNN): http://tech.fortune.cnn.com/2014/02/13/tintri-raises-75-million-for-cloud-storage-eyes-ipo/
GigaOM: http://gigaom.com/2014/02/13/flash-player-tintri-snares-75-million-in-fresh-funds-jumps-aboard-ipo-bandwagon/
Silicon Valley Business Journal: http://www.bizjournals.com/sanjose/news/2014/02/12/storage-provider-tintri-raises-75m.html
Re/code: http://recode.net/2014/02/13/ipo-bound-tintri-raises-75-million-in-round-led-by-insight-venture-partners/
Venturebeat: http://venturebeat.com/2014/02/13/tintri-funding/
Washington Business Journal: http://www.bizjournals.com/washington/blog/techflash/2014/02/nea-doubles-down-on-storage.html (mainly covering NEA)
Business Insider: http://www.businessinsider.com/tintri-just-raised-75-million-2014-2

Some competing storage startups have raised more money. For example, Pure Storage's latest round was a whopping $150m, bringing their total to $246m. You don't want to raise money you don't need; our total investment to date is $135m. But it is a big round--- for comparison, Tech.MN listed a total $58m in high-tech venture capital within Minnesota last quarter. NVCA reported that the 10th-biggest deal within the US last quarter was $74.3m, so Tintri could even be a top-ten venture capital deal for this quarter. (But the 9th place one was $93m so it's right on the edge.)

I'm very happy with how Tintri has grown and I look forward to helping to make it even bigger.
Tags: startup, work
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