Mark Gritter (markgritter) wrote,
Mark Gritter
markgritter

Funding!

Tintri announced our "Series F" funding round, led by Silver Lake. They do a lot of late-stage and private equity investment--- for example, Silver Lake also announced a $1b investment in Motorola today! It's great to get a vote of confidence from a sophisticated investor with deep pockets.

News coverage:

http://www.computerworld.com/article/2956586/cloud-storage/becuase-storage-needs-to-get-smarter-tintri-raises-125m.html

http://fortune.com/2015/08/05/tintri-snags-125-million-for-storage-push/

http://www.reuters.com/article/2015/08/05/tintri-ipo-funding-idUSL1N10F3KZ20150805

http://venturebeat.com/2015/08/05/hybrid-storage-maker-tintri-raises-125m/

http://www.zdnet.com/article/hybrid-storage-startup-tintri-raises-125-million/

http://www.crn.com/news/storage/300077669/tintri-gets-125m-in-new-funding-preps-for-ipo-new-channel-push.htm

http://www.storagereview.com/tintri_raises_an_additional_125_million_in_funding

$125m is a lot. If we were a Minnesota-based company, Tintri would have tripled tech venture funding in the state (about $50m total in Q1 of this year.) But Silicon Valley is having a major funding boom, with $9.1 billion estimated in Q2 this year. It's also a smaller round than some of our competitors--- for example, Pure has raised about $530m total, including a series F of $225m.

Congratulations to everybody at Tintri!
Tags: startup
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