Tegile Systems Closes $35M Series C Funding

Funding Rounds

▤ Summary

Tegile Systems, a Newark, CA-based provider of hybrid storage arrays for virtualized server and virtual desktop environments, closed a $35m Series C funding.The round was led by Meritech Capital Partners with participation from August Capital and strategic partners Western Digital (NASDAQ: WDC) and SanDisk (NASDAQ: SNDK).The company intends to use the funds to strengthen its sales and customer support efforts throughout its North American and European channels and to accelerate its new product and technology development.Led by Rohit Kshetrapal, CEO, Tegile Systems is developing hybrid storage arrays currently (Zebi line) that feature both NAS and SAN connectivity and enterprise-class hard drives and SSDs from HGST, a wholly owned subsidiary of Western Digital.The company’s solutions enable more than 300 production customers to address the requirements of server virtualization, virtual desktop integration and database integration.

$ Funding

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Amount $35.0M Total raised
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Date August 7, 2013 Announcement date
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Investors SanDisk Ventures, Meritech Capital Partners, August Capital Lead investors
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Company http://www.tegile.com Funded company

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Data Management

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▦ Linked Companies

Tegile Systems
$100M to $250M