siliconindia | | September 20138The storage sector continues to attract investors. Tegile systems, a leading provider of hybrid storage arrays for virtualized server and virtual desktop environments, has announced the closing of its $35 million Round C funding led by late-stage venture firm Meritech Capital Partners with additional investment by original stakeholder August Capital and strategic partners Western Digital (NASDAQ: WDC) and SanDisk (NASDAQ: SNDK). With the investment, Paul Madera, managing director of Meritech, joins Tegile's board of directors. Rohit Kshetrapal, CEO of Tegile said that it will use the money to accelerate the expansion of its IT, strengthen its sales and customer support efforts throughout its North American and European channels, and accelerate its new product/technology development.The round's lead investor, Meritech, focuses its investment portfolio solely on late-stage technology companies. The strategic equity investment extends Tegile's existing relationship with HGST, a wholly owned subsidiary of Western Digital, to include joint technology development. The companies are working together on next-generation storage technology and solutions that are optimized for a wide range of industries and applications, including server virtualization, VDI, database hosting and file services. Tegile has been aggressively building the company from the outset to become the only one having generated more revenue than it has taken in outside financing. Before opening its Round C funding, Tegile improved its sales and revenues from doubling every two quarters to doubling every quarter. "The time has come for us to scale the financial success we have thus far been afforded and leverage these opportunities for even greater revenue prospects and increased sales," says Kshetrapal. "The financing we have secured in this latest funding round allows us to do just that. We are pleased that our Round C investors include two strategic partners that will strengthen both our relationship and product roadmap even further".Parse.ly Raises $5 Million in Series A Funding RoundParse.ly has raised $5 million in a series A funding round led by Grotech Ventures with participation from Blumberg Capital, ff Venture Capital, and Funders Club. Parse.ly is a content analytics and optimization platform that transforms real-time traffic, historical performance, social interactions, and global trends into actionable insights. "We are excited to have Grotech Ventures as our partner in the next phase of accelerated growth, we are now better equipped to extend services and solutions to new content publishers," says Sachin Kamdar, Co-founder & CEO, Parse.ly as he cites that the recent financing is for expanding company's sales, marketing and engineering efforts to keep up with rising customer demand from brand name customers including Atlantic Media, Ars Technica, Mashable, Meredith Publishing, Spin Media, and Talking Points Memo. Founded in 2009, the New York based company claims its technology goes beyond traditional digital media analytics to extract and analyze semantic data, and elegantly visualizes it historically, and in real-time .Publishers use the subscription-based dashboard to empower editorial and audience development teams, giving them an intelligent window into what their readers are interested in on their site and across the web. The Parse.ly Network tracks over 5 billion hits per month and consists of 160 million unique visitors.The Content Authority Report, which is a free downloadable monthly report for editors and publishers, takes the pulse of the web with an in-depth comparison of web-wide traffic. According to its findings, out of 5 billion monthly page views of Parse.ly Network's, nearly 2 billion come from public sources, such as search engines, social networks, aggregators, RSS readers, and other sites. One of the primary ways customers derive value from Parse.ly is by gaining greater understanding about how their readers find a publisher's content and engage with it. Sachin KamdarStorage Provider Tegile Completes $35 Million Funding Rohit Kshetrapal
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