Tegile Systems, One of the 9 Hot Enterprise Storage Companies to Watch!

12 June 2015

Amidst all the venture investments this year in startups that generate gobs of data -- from those focused on everything from apps to drones to the Internet of Things to Big Data -- are a batch of newcomers aiming to help organizations store and access all that information. Yes, storage companies are pulling in big bucks in 2015, as they did in 2014, and a couple have even double-dipped this year and announced two rounds of funding.

What's more, these new storage companies actually have a bit of flair. Rubrik, for example, cites the "industry luminaries" backing it, channels H.G. Wells by referring to its product as a "time machine" and claims to be able to "eliminate backup software." Tachyon, out of UC Berkeley, gets to play the open source card with its lab-hatched technology. Others, such as Kaminario and Tegile Systems, are heavily into flash storage, while SimpliVity and Rubrik go beyond storage as "hyperconverged" players.

These companies are largely clustered in California and Massachusetts, though a solid Israeli influence can also be seen.

We've only included companies in this roundup that have announced venture funding in 2015, and together they've snagged more than half a billion dollars so far this year (see our enterprise networking & IT startup funding timeline here). So we're not ignoring the likes of IPO-ready Nutanix (see an Infoworld product review here) and Pure Storage (whose CEO we recently interviewed) -- they just don't fit the criteria we've used to contain the list. Neither is this roundup intended to be all-inclusive, but rather a sampling of some of the hottest young storage companies around:

 

Tegile Systems

Headquarters: Newark, Calif.

Focus: Flash and hybrid storage arrays

Why they're worth watching: Like many other new storage companies, Tegile has embraced flash technology. But it differentiates itself by offering hybrid storage systems as well, to balance cost and capacity needed to support organizations' databases and virtualized servers and desktops via storage-attached networks and network-attached storage setups. The company's leadership hails from Perfigo, a network admission control company that Cisco bought 10 years ago, and in fact, Tegile exhibited at this week's Cisco Live conference in San Diego, so who knows....? But for now, Tegile is thriving as an independent outfit, having just raised $70 million in Series D funding to bring its total to $117.5 million. CEO Rohit Kshetrapal exclaimed upon receiving the most recent funding: "With this infusion of venture and debt capital, we will be able to satisfy the rising demand for our Tegile Intelligent Flash Arrays and methodically build Tegile into a sustainable multi-billion-dollar business that will deliver maximum value to our investors." The company is looking to double its workforce to 600 employees over the next 18 months, while expanding its reseller channel for greater reach in Europe and Asia.

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