Startup Tintri Raises $75M In VC Funding
Even by Silicon Valley standards, Tintri's $75 million in venture funding announced this week is a pretty good haul. The Mountain View, Calif.-based producer of data storage systems for virtualization and cloud environments said the Series E round of financing brings its total funding to $135 million.
Tintri is widely expected to go public soon, possibly this year. In its statement Thursday Tintri referred to the $75 million as a "pre-IPO" round of financing.
Tintri says its "application-aware" technology eliminates storage complexity and reduces costs in virtualized and cloud computing environments. The company will use the new financing to accelerate its global sales and marketing expansion and continue its technology development work.