Tegile, Inc.
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Tegile, Inc. - overview
Established
2010
Location
Newark, CA, US
Primary Industry
Hardware
About
Tegile, Inc. specializes in providing advanced storage solutions, focusing on Unified Intelligent Flash Storage designed to optimize data performance for artificial intelligence workloads and enhance analytics capabilities. Founded in 2010 and headquartered in Newark, US, Tegile, Inc. develops cutting-edge storage solutions for businesses.
The company has not undergone major pivots in its business strategy and does not report any subsidiaries. The latest funding round was a Series E in August 2017, led by Western Digital Technologies, Inc. , raising a total of USD 33. 00 mn.
Tegile has successfully completed 10 deals since its inception, with the most recent deal dated August 29, 2017. Tegile's core product, the Unified Intelligent Flash Storage, enhances performance and analytics for artificial intelligence (AI) workloads. This platform optimizes structured data handling through the IntelliFlash™ architecture, featuring low-latency NVMe performance, deduplication, compression, and automated tiering. Tegile serves clients in diverse industries such as healthcare, financial services, automotive, and telecommunications, providing unified solutions that support both block and file protocols, marketed globally across North America, Europe, and Asia.
Tegile generates revenue through direct sales and partnerships, focusing on businesses that require advanced AI and high-performance computing (HPC) storage solutions. The transactions typically involve long-term contracts for the Unified Intelligent Flash Storage and associated services, such as ongoing support and software analytics. The revenue model is primarily B2B, catering to enterprise-level customers, ensuring a steady stream while providing scalable solutions aligned with clients' technological needs. With the recent funding, Tegile is positioned to further enhance its product lineup and enter new markets.
The company plans to develop and launch upcoming products aimed at improving AI data handling efficiencies. In addition, Tegile is targeting expansions into European and Asian markets by the end of 2018. The funding from the Series E round will be utilized to support these initiatives, particularly in product development and market entry strategies. The acquisition by Western Digital Corporation, expected to close in early September 2017, will also play a significant role in Tegile's growth trajectory.
Current Investors
Meritech Capital Partners, August Capital, Capricorn Investment Group
Primary Industry
Hardware
Sub Industries
Storage, Storage Management Software
Website
www.tegile.com
Company Stage
Acquired
Total Amount Raised
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Tegile, Inc. - employee data
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