Tintri’s funding reaches $260m, but is it ready to take on EMC? Tintri, the hybrid array start-up, has been give a whopping $125m funding boost to carry on growing the company and (hopefully) take even bigger bites out of EMC, IBM and NetApp customer bases. Its funding progress has been like standing under a waterfall of cash: $17m in 2010; $18m in 2011; $25m in 2012; $75m in 2014; and now …
"While this carries on, the HCIA and hybrid newbies can each grow individually without affecting the others. Their VCS are getting more and more excited about the prospects of great golden exits funded by product sales revenue stolen from deaf, dumb and blind stricken storage beasts like EMC, IBM and NetApp."
Tsch! You forgot to mention HDS, Dell and HP in there too.
I'd suggest it's quite strange that Tintri didn't announce their valuation as part of this latest round of funding... Funnily enough, Tegile did the same on their latest round. Most likely because the dollar valuation after the funding round doesn't make for good reading, and certainly not a 'billion dollar unicorn' start up.
Supporting quote:
"Klein would not comment on whether the company is a unicorn or “sub-unicorn,” aka whether it’s valued at $1 billion or just under $1 billion, but he did claim triple revenue growth year over year. He did not provide revenue numbers.”
http://fortune.com/2015/08/05/tintri-snags-125-million-for-storage-push/
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