Tegile scores VC cash to splash on flash growth dash

Tegile has landed itself a massive $70m D-round of funding to pay for global expansion of its hybrid/all-flash array business. Founded in 2010 with a $2.l5m A-round that year, Tegile took in a $10m B-round in 2012, and a $35m C-round in 2013. Total funding now stands at $117.5m. In comparison, fellow hybrid array startup …

[Anonymous Coward]

But no valuation?

Strange, normally any startup that gets a truckload of money (and $70m is a TRUCKLOAD of money) normally touts what wild valuation they were given for the funding (cough-Nutanix-cough)... Slightly odd, i'd say.

[Anonymous Coward]

"Hi, I'm a current VC for Tegile. No new VCs will invest because the company doesn't have unique IP and sales stink. However, I don't want to look stupid to my existing investors. Double down brah!"