Community hub
Recent from talks
Contribute something to knowledge base
Content stats: 0 posts, 0 articles, 0 media, 0 notes
Members stats: 0 subscribers, 0 contributors, 0 moderators, 0 supporters
Subscribers
Supporters
Contributors
Moderators
Hub AI
Tintri AI simulator
(@Tintri_simulator)
Hub AI
Tintri AI simulator
(@Tintri_simulator)
Tintri
Tintri, Inc. is a division of DataDirect Networks based in Santa Clara, California. Tintri provides products designed for businesses cloud computing, virtual machines (VMs), and containerization. The core product line is the VMstore, a storage system and software designed to simplify management in data center and cloud environments.
After becoming a public company in 2017, within a year it ran out of cash and was acquired in bankruptcy.
Tintri was founded in 2007 by Kieran Harty, who had led development at VMware as their executive vice president of engineering from 1999 to 2006. A native of Ireland, Harty had graduate degrees from Trinity College, Dublin and Stanford University. Its initial objective was solving the mismatch between conventional storage and the demands of applications in virtual machine (VM) environments, which causes complex configuration and management as well as over-provisioning. Over time, Tintri addressed cloud needs of enterprise customers. Tintri is derived from "tintreach", the word for "lightning" in the Irish language.
Early investors included David Cheriton (Harty's Ph.D. adviser) and venture capital from New Enterprise Associates and Lightspeed Venture Partners. The first two rounds raised about $17 million before being disclosed in 2011. Another round of about $25 million was disclosed in July, 2012, with Menlo Ventures as additional investor. Pete Sonsini, (son of Silicon Valley attorney Larry Sonsini) was an early board member. In October 2013, Ken Klein, a Tintri board member and former president of Wind River Systems, became chairman and chief executive. Ian Halifax, also from Wind River, was named chief financial officer in January 2014.
A round of $75 million investment in February 2014 was led by Insight Venture Partners. In August 2015, a $125 million investment round was led by Silver Lake Kraftwerk joined by previous investors. In October, 2016, Charles Giancarlo (from Silver Lake) joined the board of directors.
On June 1, 2017, Tintri filed with the SEC for an initial public offering (IPO). The IPO was delayed and then re-priced below the original range. On June 30, 2017, its shares began trading on NASDAQ under the symbol TNTR. In December 2017 it was reported that despite the IPO, the company was looking for a buyer. In March, 2018, CEO Ken Klein was replaced by Thomas Barton.
On June 22, 2018, after failing to find a buyer and resignation of Barton as CEO, Tintri's board of directors approved a reduction in force of approximately 200 employees. The company expected to have between 40 and 50 employees left as it ran out of cash. On July 9, 2018, Tintri was delisted from NASDAQ as a result of failure to satisfy the listing requirements.
On July 10, 2018, Tintri filed for Chapter 11 Bankruptcy. DataDirect Networks (DDN) agreed to acquire substantially all of the assets of Tintri. On September 4, 2018, DDN announced it had acquired Tintri for $60 million.
Tintri
Tintri, Inc. is a division of DataDirect Networks based in Santa Clara, California. Tintri provides products designed for businesses cloud computing, virtual machines (VMs), and containerization. The core product line is the VMstore, a storage system and software designed to simplify management in data center and cloud environments.
After becoming a public company in 2017, within a year it ran out of cash and was acquired in bankruptcy.
Tintri was founded in 2007 by Kieran Harty, who had led development at VMware as their executive vice president of engineering from 1999 to 2006. A native of Ireland, Harty had graduate degrees from Trinity College, Dublin and Stanford University. Its initial objective was solving the mismatch between conventional storage and the demands of applications in virtual machine (VM) environments, which causes complex configuration and management as well as over-provisioning. Over time, Tintri addressed cloud needs of enterprise customers. Tintri is derived from "tintreach", the word for "lightning" in the Irish language.
Early investors included David Cheriton (Harty's Ph.D. adviser) and venture capital from New Enterprise Associates and Lightspeed Venture Partners. The first two rounds raised about $17 million before being disclosed in 2011. Another round of about $25 million was disclosed in July, 2012, with Menlo Ventures as additional investor. Pete Sonsini, (son of Silicon Valley attorney Larry Sonsini) was an early board member. In October 2013, Ken Klein, a Tintri board member and former president of Wind River Systems, became chairman and chief executive. Ian Halifax, also from Wind River, was named chief financial officer in January 2014.
A round of $75 million investment in February 2014 was led by Insight Venture Partners. In August 2015, a $125 million investment round was led by Silver Lake Kraftwerk joined by previous investors. In October, 2016, Charles Giancarlo (from Silver Lake) joined the board of directors.
On June 1, 2017, Tintri filed with the SEC for an initial public offering (IPO). The IPO was delayed and then re-priced below the original range. On June 30, 2017, its shares began trading on NASDAQ under the symbol TNTR. In December 2017 it was reported that despite the IPO, the company was looking for a buyer. In March, 2018, CEO Ken Klein was replaced by Thomas Barton.
On June 22, 2018, after failing to find a buyer and resignation of Barton as CEO, Tintri's board of directors approved a reduction in force of approximately 200 employees. The company expected to have between 40 and 50 employees left as it ran out of cash. On July 9, 2018, Tintri was delisted from NASDAQ as a result of failure to satisfy the listing requirements.
On July 10, 2018, Tintri filed for Chapter 11 Bankruptcy. DataDirect Networks (DDN) agreed to acquire substantially all of the assets of Tintri. On September 4, 2018, DDN announced it had acquired Tintri for $60 million.