SanDisk invests in Tegile Systems

Tegile’s solutions balance performance and cost to provide a unified storage offering that combines both traditional HDDs with flash storage. The company said it currently has hundreds of customers in segments ranging from the financial services sector to the manufacturing, government, legal, healthcare and transportation industries.

SanDisk did not disclose specific financial terms of the investment, which is part of a funding round that provides Tegile with a total of US-$ 35 million. According to a press release, the transaction is led by late-stage venture firm Meritech Capital Partners with additional investment by original stakeholder August Capital and strategic partners Western Digital and SanDisk. Through its strategic partnership with SanDisk, Tegile will be able to leverage SanDisk’s expertise and capabilities as one of the world’s leading innovators of flash memory technology.

“With our unique flash-based hardware and software solutions and vertically integrated business model, SanDisk is helping enable a new generation of companies transform the enterprise,” said Sumit Sadana, Executive Vice President and Chief Strategy Officer at SanDisk. “We believe that Tegile is well positioned to bring the significant benefits of flash technology to enterprise customers through their innovative hybrid system solution.”

“We welcome flash industry leader SanDisk as a strategic partner and investor in Tegile,” said Rohit Kshetrapal, CEO of Tegile. “Together with our other Series C partners, our relationship with SanDisk will enable us to unlock the potential of flash technology in the enterprise, and leverage the significant growth opportunities ahead of us.”