Tegile Systems Obtains $70,000,000 New Funding Round

  • Feed Type
  • Date
    5/27/2015
  • Company Name
    Tegile Systems
  • Mailing Address
    8000 Jarvis Ave Newark, CA 94560 USA
  • Company Description
    Tegile Systems is pioneering a new generation of enterprise storage arrays that balance performance, capacity, features and price for virtualization, file services and database applications.
  • Website
    http://www.tegile.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $70,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    In the next 18 months, Tegile plans to double the number of employees from its current base of 300, scale up its operations, and further expand its reseller channel to satisfy the rising demand in Europe and Asia. In North America, the company will continue to ramp its sales teams to meet the needs of enterprise and federal government customers.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
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