Tintri also announced that Jeff Horing, co-founder and managing director of Insight Venture Partners has joined the Tintri board of directors. “We meet with thousands of companies each year, selecting a handful to invest in,” said Horing. “Tintri stands out as a company that has turned a bold thought-leading vision into an exceptional market-leading product. We are pleased to partner with Tintri to help the company scale and make application-
“Much has been said about how flash is the disruptive technology in the storage industry these days,” said David Cheriton, a Tintri investor who is also renowned as one of the earliest investors of Google (NASDAQ: GOOG) and VMware. “Flash is great, but it’s only one of the ingredients to making storage more useful to end-users. Far more important is whether flash-powered storage has the intelligence to make applications run better. This is where the Tintri application-
Since launch, Tintri has consistently exceeded triple digit growth year over year and has an expanding global enterprise customer base of hundreds of companies, close to half of which have revenues of $1 billion or more. The company completed 2013 with 115 per cent year over year growth while more than doubling its enterprise customer base worldwide.
Tintri achieved 99.999 per cent uptime in 2013. With a 330 percent increase in number of VMs in one year, customers have deployed more than 100,000 VMs. Storing more than 7 petabytes of user data, these VMs are running large scale private cloud deployments, business critical databases, enterprise applications and VDI environments that host tens of thousands of desktops and mobile devices. Additionally, close to 70 percent of Tintri customers made repeat purchases averaging 2.5x of their initial order.
“We are honored to be partnering with such a high-quality investor group that has previously invested in category setting companies such as Box, Salesforce.com (NYSE: CRM (https://www.google.com/
Tintri is aggressively expanding its global presence and establishing operations in numerous new countries. In a separate announcement today, Tintri and the Victorian Government in Australia announced the company's new Australian headquarters in Melbourne.