Feeds

Backers fatten up flash-disk mutant array, sic it on storage giants

Go on lad, FINISH them

Top 5 reasons to deploy VMware with Tegile

Bulk up and get ready to take on the storage giants - that's what hybrid array startup Tegile's backers are telling it, and here's $32m to do just that.

Tegile was founded in late 2009 to devise a hybrid flash/disk storage array, and its Zebi product was launched in February last year - background here. Together with fellow array mutants Nimble Storage and Tintri, it has been growing strongly.

Tintri is shooting for $100m annual revenues next year. Nimble Storage has passed 1,100 customers and 2,000 systems sold.

A look at Tegile's funding history shows it has passed the development and initial sales phases and is entering the big build-out phase:

  • November 2009 - founded. Privately funded by August Capital. HQ in Newark Ca. Development in Bangalore, with development funding of $2.5m or more.
  • February 2012 - Zebi hybrid flash/disk array product launched.
  • April 2012 - $10m B-round led by August Capital - the try-and-sell-it-phase.
  • August 2013 - $32m of a $35m C-round -the sell-the-hell-out-of-it phase.

Total known funding is now $44.5m. Tegile is not publicising the C-round, which is based on equity sales rather than a cash infusion, and we only know of it through an report based on an SEC form D filing.

Named people on the form are Vivek Mehra of Tegile backer August Capital, Aravinth Babu, and Paul Madera, who is, we think the managing director of Meritech, a late stage (pre-IPO or acquisition) venture capital company.

The big question is: can Nimble Storage, Tegile, and Tintri continue charging ahead at the their current rates as mainstream vendors bring out their own hybrid versions of their storage arrays and meet these upstarts head-on. The upstarts say they have hardware architecture and system software technology advantages over the incumbents and their legacy arrays, which put the incumbents at a multi-year disadvantage in terms of catching up.

The incumbents tend to say the upstarts have nothing really innovative and we won't be hearing about them any more in a year or two. Who is going to emerge smiling and who will be remembered only by tombstones? ®

Beginner's guide to SSL certificates

More from The Register

next story
Ellison: Sparc M7 is Oracle's most important silicon EVER
'Acceleration engines' key to performance, security, Larry says
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Lenovo to finish $2.1bn IBM x86 server gobble in October
A lighter snack than expected – but what's a few $100m between friends, eh?
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.