Tegile Systems has secured $70 million in a Series D funding round, bringing the company’s total capital raised to $117.5 million.
The company said that three new investors (Capricorn Investment Group, Cross Creek Advisors and Pine River Capital Management) entered the round together with previous investors August Capital, Meritech Capital Partners, Western Digital and SanDisk.
The company plans to double its number of employees to 600 over the next 18 months, scale up its operations, and further expand its reseller channel to answer demand in Europe and Asia.
Rohit Kshetrapal, CEO of Tegile, said: "The enterprise flash storage market is rapidly evolving and there are a number of companies vying for leadership position.
"With this infusion of venture and debt capital, we will be able to satisfy the rising demand for our Tegile Intelligent Flash Arrays and methodically build Tegile into a sustainable multi-billion-dollar business that will deliver maximum value to our investors."
Tab Butler of MLB Network, said: "Tegile solved a mission-critical need for a hybrid Fibre Channel boot and virtualisation storage system for our newly deployed MLB Network post-production system. The technology exceeded our performance needs and enabled more workflows than originally anticipated, given the flexibility of the software and performance of the system.
"Tegile’s technology allows us to provide our users a low latency, high availability OS environment while simultaneously fulfilling our high-performance virtualization needs."
Tegile shipped its first storage array in 2012 and provides innovative flash-optimised storage solutions.
