Dive Brief:
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As the amount of data generated every day continues to grow, businesses are looking for smarter storage solutions. As a result, the storage industry is undergoing systemic changes.
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As traditional storage vendors struggle, others are attempting to capture the "storage as a service" opportunity.
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Tintri, which builds smart storage that sees, learns and adapts from the workloads running around and upon it, announced a $125 million fundraising round led by Silver Lake Kraftwerk. The investment demonstrates the rising need for new ways of storing data.
Dive Insight:
“The storage industry is going through a dramatic transformation,” Ken Klein, chairman and CEO of Tintri, said. “Virtualization and cloud are forces for change.”
While conventional DAS, NAS and SAN storage vendors are struggling, Tintri said it returned triple-digit year-on-year growth, providing storage for companies including Chevron, Comcast and GE.
