Tintri Lands Another $18M For Storage Appliance For Virtual Machines

Tintri, which market storage solutions purpose-built for virtual machines (VMs), has raised $18 million in Series C funding. The extra capital comes from existing backers NEA and Lightspeed Venture Partners and comes roughly 3 months after Tintri raised $17 million in Series A + B funding. The company just launched its "VM-aware" storage appliance, VMstore, last quarter, and the proceeds of the new financing round is meant to help Tintri accelerate its R&D schedule and invest in regional sales initiatives for the product.

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