Flash firm Tegile Systems has secured a $33m series E funding round, led by Western Digital. The latest cash injection takes the company's total investment to date to $178m in just seven years of existence.
The new funding also contains cash from existing investors Meritech Capital, Capricorn Investment Group, and Cross Creek Capital. Tegile indicated that the money will be invested in "technology development and product innovation, and to expand worldwide market reach".
The funding comes just a year the vendor attracted $24m in supplementary series D funding, and less than two years after the initial series D round, led by Merritech and August Capital, saw Tegile receive a $70m injection, according to Crunchbase. The Newark, California-based company was founded in 2010 and, with its latest investment, claims to have attracted a total of $178m in funding during its life so far.
The vendor's CEO Rohit Kshetrapal said: "The storage market is rapidly being reshaped as the battle continues between incumbents that struggle to innovate and start-ups that have brought tremendous innovation to datacentres. In this highly competitive and turbulent market, Tegile has always been focused on two main goals: disruptive all-flash technology; and sustainable growth. This new investment in Tegile will allow us to continue on this path, all while helping enterprises and businesses of all sizes around the world transition to an all-flash datacentre."
Tegile specialises in flash arrays designed for use in database and virtualised server or desktop environments. The firm has been fuelled by venture capital cash so far, but Kshetrapal has, in the past, stated his desire to float publicly at some point. In addition to its California base, the company has offices in New York and Colorado, as well as an EMEA HQ in London, and locations in the Netherlands, Germany, and India.
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