Tegile closes $33 million to continue growth in all-flash sales and further accelerate expansion.


Tegile Systems, a provider of flash-driven storage arrays for databases, virtualised server and virtual desktop environments, today announced $33 million in additional funding. With strong business growth and increased interest in all-flash storage deployments, the funding was led by Western Digital Corp and current investors such as Meritech Capital, Capricorn Investment Group, and Cross Creek Capital. The company will use the new funds to invest further in technology development and product innovation, and to expand worldwide market reach.

According to Gartner, the solid state array (SSA) market will reach $10.4 billion by 2020 and account for 52 percent of the external storage market. With an all-flash revenue growth rate of I 10 percent year over year, Tegile is already outpacing the market and is in a prime position for solid growth fulfilling its mission of helping companies transition to an all-flash data centre. New and expanded customers include CMG Financial, United Center, and AT&T.

Product innovation is driving the company's business growth. In 2016, Tegile launched IntelliFlash HD, the industry's first multi-tier flash platform, and introduced IntelliFlash Cloud Platform, which harnesses the performance of NVMe...

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