Mark Gritter (markgritter) wrote,
Mark Gritter

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: and more WSJ blog coverage:
Fortune (CNN):
Silicon Valley Business Journal:
Washington Business Journal: (mainly covering NEA)
Business Insider:

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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