US-based flash storage producer Tegile Systems closed a $33m series E round on Tuesday led by hard drive manufacturer Western Digital.
Investment manager Capricorn Investment and venture capital firms Meritech Capital Partners and Cross Creek Capital also supplied capital for the round.
Founded in 2010, Tegile Systems has developed a flash-based storage platform built on its core technology, IntelliFlash, that offers features such as data deduplication, compression and organisation. The cash will fund further technology development and continued international expansion efforts.
Tegile has raised $178m in funding to date. Western Digital and flash memory storage company SanDisk (since acquired by Western Digital) invested in a $70m series D round in 2015 that featured Meritech, Capricorn, Cross Creek, August Capital and Pine River Capital Management.
SanDisk and Western Digital also took part in a $35m series C round in 2013 that was led by Meritech and backed by August Capital.
Rohit Kshetrapal, chief executive of Tegile, said: “The storage market is rapidly being reshaped as the battle continues between incumbents that struggle to innovate and startups that have brought tremendous innovation to data centres.
“In this highly-competitive and turbulent market, Tegile has always been focused on two main goals: disruptive all-flash technology and sustainable growth.
“This new investment in Tegile will allow us to continue on this path, all while helping enterprises and businesses of all sizes around the world transition to an all-flash data centre.”