Tech Company Financing Transactions
Tegile Systems Funding Round
Tegile Systems, based in Newark, secured $70 million from August Capital, Capricorn Investment Group and Cross Creek Capital.
Transaction Overview
Company Name
Announced On
5/27/2015
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Undisclosed
Investors
August Capital (Vivek Mehra)
Capricorn Investment Group (Dipender Saluja)
Meritech Capital Partners (Paul Madera)
Proceeds Purpose
In the next 18 months, Tegile plans to double the number of employees from its current base of 300, scale up its operations, and further expand its reseller channel to satisfy the rising demand in Europe and Asia. In North America, the company will continue to ramp its sales teams to meet the needs of enterprise and federal government customers.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
7999 Gateway Blvd 120
Newark, CA 94560
USA
Newark, CA 94560
USA
Phone
Website
Email Address
Overview
Tegile Systems is pioneering a new generation of enterprise storage arrays that balance performance, capacity, features and price for virtualization, file services and database applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rohit Kshetrapal
Chief Financial Officer
Michael Morgan
Chief Marketing Officer
Narayan Venkat
Chief Technical Officer
Rajesh Nair
VP - Customer Service
Pat Petroskey
VP - Sales
David Bangs
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